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Sold for $425,000
  • $425,000

    117 S 38th St, Omaha, NE 68131

    5beds
    2,485sqft
    Multi Family
    Built in 1904
    -- sqft lot
    $424,900 Zestimate®
    $171/sqft
    $1,275 Estimated rent

    Home value

    $424,900

    $399,000 - $450,000

    $1,275/mo

    Zestimate® history
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    What's special

    Excellent Investment Opportunity in Midtown's Blackstone District! Don't miss this 4-unit multi-family property located in the heart of the highly desirable Blackstone neighborhood. Just steps from popular shops, restaurants, & entertainment, the property also benefits from the upcoming streetcar line to the South that will provide convenient access to Downtown. Current 2026 rental income includes units leased at $1,450, $1,080, and $960 per month, with the fourth unit currently vacant, offering immediate value-add potential and the opportunity to increase cash flow. All appliances are included with the sale. Whether you're looking to expand your portfolio or begin investing in a prime Midtown location, this property offers strong income potential and excellent long-term upside! Please Note: some listing photos were taken when the property was previously vacant and may not reflect current occupancy.

    Zillow last checked:

    Listing updated:

    Listed by:

    Danielle Altman 402-943-6084,

    BHHS Ambassador Real Estate

    Bought with:

    Jenna Johnson, 20260379

    Dreamvesting

    Source: GPRMLS,MLS#: 22618723MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 4
    • Full bathrooms: 2
    • Partial bathrooms: 2
    Heating
    • Natural Gas, Electric, Heat Pump
    Cooling
    • Central Air, Heat Pump
    Appliances
    • Included: Range, Refrigerator, Dishwasher, Disposal, Microwave, Washer, Dryer
    Features
    • Has basement: Yes
    • Has fireplace: No
    Interior area
    • Total structure area: 2,485
    • Total interior livable area: 2,485 sqft

    Property

    Parking
    • Total spaces: 5
    • Parking features: Garage
    • Garage spaces: 2
    • Covered spaces: 5
    Features
    • Patio & porch: Porch, Deck
    • Fencing: None
    Lot
    • Size: 6,682 Square Feet
    • Dimensions: 40 x 167
    • Features: Up to 1/4 Acre., Alley
    Details
    • Parcel number: 1423590000

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Stucco
    • Foundation: Brick/Mortar
    • Roof: Composition
    Condition
    • Not New and NOT a Model
    • New construction: No
    • Year built: 1904

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Jerome Park
    HOA
    • Has HOA: No
    Location
    • Region: Omaha

    Financial & listing details

    • Price per square foot: $171/sqft
    • Tax assessed value: $196,200
    • Annual tax amount: $3,280
    • Date on market: 7/2/2026
    • Listing terms: Conventional,Cash
    • Ownership: Fee Simple
    • Total actual rent: 3490

    Price history

    DateEventPrice
    8/18/2026Sold$425,000$171/sqft
    Source: GPRMLS #22618723 Report a problem
    7/20/2026Pending sale$425,000$171/sqft
    Source: GPRMLS #22618723 Report a problem
    7/2/2026Listed for sale$425,000$171/sqft
    Source: GPRMLS #22618723 Report a problem
    6/26/2026Pending sale$425,000$171/sqft
    Source: GPRMLS #22616207 Report a problem
    6/12/2026Listed for sale$425,000+136.1%$171/sqft
    Source: GPRMLS #22616207 Report a problem
    5/14/2024Listing removed--
    Source: Zillow Rentals Report a problem
    4/23/2024Price change$1,450-1.4%$1/sqft
    Source: Zillow Rentals Report a problem
    3/25/2024Price change$1,470-0.3%$1/sqft
    Source: Zillow Rentals Report a problem
    3/7/2024Listed for rent$1,475$1/sqft
    Source: Zillow Rentals Report a problem
    2/26/2024Listing removed--
    Source: Zillow Rentals Report a problem
    2/18/2024Price change$1,475-1.7%$1/sqft
    Source: Zillow Rentals Report a problem
    2/5/2024Price change$1,500-4.8%$1/sqft
    Source: Zillow Rentals Report a problem
    1/25/2024Price change$1,575-3.1%$1/sqft
    Source: Zillow Rentals Report a problem
    1/2/2024Price change$1,625-9.7%$1/sqft
    Source: Zillow Rentals Report a problem
    12/12/2023Price change$1,800+12.5%$1/sqft
    Source: Zillow Rentals Report a problem
    12/8/2023Listed for rent$1,600-8.6%$1/sqft
    Source: Zillow Rentals Report a problem
    11/27/2023Listing removed--
    Source: Zillow Rentals Report a problem
    11/16/2023Price change$1,750+2.9%$1/sqft
    Source: Zillow Rentals Report a problem
    10/20/2023Listed for rent$1,700$1/sqft
    Source: Zillow Rentals Report a problem
    10/20/2022Sold$180,000+12.5%$72/sqft
    Source: GPRMLS #22223041 Report a problem
    9/28/2022Pending sale$159,950$64/sqft
    Source: GPRMLS #22223041 Report a problem
    9/23/2022Listed for sale$159,950-3%$64/sqft
    Source: GPRMLS #22223041 Report a problem
    11/1/2008Listing removed$164,900$66/sqft
    Source: Advanced Access #20811720 Report a problem
    9/17/2008Listed for sale$164,900+184.3%$66/sqft
    Source: Advanced Access #20811720 Report a problem
    4/3/1996Sold$58,000$23/sqft
    Source: Agent Provided Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,281 +3.1%$196,200
    2024$3,180 -22.1%$196,200 +1.3%
    2023$4,085 -1.2%$193,600
    2022$4,133 +27.4%$193,600 +26.3%
    2021$3,245 -1.1%$153,300
    2020$3,282 -6.9%$153,300 -6.6%
    2019$3,526 +27.3%$164,200 +27.5%
    2018$2,769 +0.2%$128,800
    2017$2,764 $128,800
    2016$2,764 +1.4%$128,800
    2015$2,727 $128,800
    2014-- $128,800
    2013-- $128,800 -10.4%
    2012-- $143,700
    2011-- $143,700 +59.1%
    2005-- $90,300
    2004-- $90,300
    Find assessor info on the county website

    Neighborhood: Blackstone

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Gifford Park
    • Middle: Lewis and Clark
    • High: Central
    • District: Omaha

    Source: GPRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

    Sell for more on Zillow
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    $424,900
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    With Zillow Showcase(estimated)
    $433,398
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $424,900
    2% more
    +$8,498
    With Zillow Showcase(estimated)
    $433,398