Great opportunity for well maintained apartment building in walking distance to Omaha’s Blackstone District. Over $525,000 in Cap Ex over the past 6 years. Property features 22 one bed/one bath units, each with a newer electric heat/cool minisplits, and replacement windows where previous AC units were placed. Over half of the units have been totally updated. 10-stall parking area created at front of building with paid tenant parking. New roof (2018), all 12 garages remodeled, community coin laundry area for additional revenue, large basement storage areas and concrete retaining wall for dumpsters. Plus, the potential to increase value with space for two additional garden walkout units. Agent has equity. AMA
Sold for $1,910,000
$1,910,000
123 N 37th St, Omaha, NE 68131
10beds
6,000sqft
Multi Family
Built in 1964
-- sqft lot
$-- Zestimate®
$318/sqft
$1,426 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,426/mo
Zestimate® history
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Replacement windows
Zillow last checked:
Listing updated:
Listed by:
Todd Walkenhorst 402-690-7523,
Horst Power Realty
Bought with:
Trey Brown, 20220685
PJ Morgan Real Estate
Source: GPRMLS,MLS#: 22511627
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 10
- Full bathrooms: 10
Heating
- Electric, Heat Pump
Features
- Has basement: Yes
- Has fireplace: No
Interior area
- Total structure area: 6,000
- Total interior livable area: 6,000 sqft
Property
Parking
- Total spaces: 12
- Parking features: Built-In, Garage
- Attached garage spaces: 12
Features
- Fencing: None
Lot
- Size: 0.34 Acres
- Dimensions: 115.3 x 130
- Features: Over 1/4 up to 1/2 Acre
Details
- Parcel number: 0503330003
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Concrete Perimeter
- Roof: Composition
Condition
- Not New and NOT a Model
- New construction: No
- Year built: 1964
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: ALAMO PLAZA
HOA
- Has HOA: No
Location
- Region: Omaha
Financial & listing details
- Price per square foot: $318/sqft
- Tax assessed value: $216,900
- Annual tax amount: $15,248
- Date on market: 5/2/2025
- Listing terms: Conventional,Cash
- Ownership: Fee Simple
- Total actual rent: 7835
Price history
| Date | Event | Price |
|---|---|---|
| 8/28/2025 | Sold | $1,910,000-8.6%$318/sqft |
Source:  GPRMLS #22511627 Report a problem | ||
| 7/20/2025 | Pending sale | $2,090,000$348/sqft |
Source: GPRMLS #22511627 Report a problem | ||
| 5/2/2025 | Listed for sale | $2,090,000+19.4%$348/sqft |
Source: GPRMLS #22511627 Report a problem | ||
| 2/10/2023 | Sold | $1,750,000-2.8%$292/sqft |
Source: GPRMLS #22223025 Report a problem | ||
| 10/13/2022 | Price change | $1,800,000-5.3%$300/sqft |
Source: GPRMLS #22223025 Report a problem | ||
| 9/23/2022 | Listed for sale | $1,900,000$317/sqft |
Source: GPRMLS #22223025 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,627 +3.4% | $216,900 |
| 2024 | $3,507 -23.4% | $216,900 |
| 2023 | $4,576 +71.6% | $216,900 +73.7% |
| 2022 | $2,666 -82.7% | $124,900 -82.8% |
| 2021 | $15,368 -1.1% | $726,100 |
| 2020 | $15,545 +39.3% | $726,100 +39.7% |
| 2019 | $11,162 -0.1% | $519,800 |
| 2018 | $11,177 +11.1% | $519,800 +10.8% |
| 2017 | $10,064 | $469,000 |
| 2016 | $10,064 +29.8% | $469,000 +28.1% |
| 2015 | $7,753 | $366,200 |
| 2014 | -- | $366,200 |
| 2013 | -- | $366,200 -12.4% |
| 2012 | -- | $418,000 |
| 2011 | -- | $418,000 |
| 2009 | $8,578 | $418,000 |
| 2008 | -- | $418,000 |
| 2005 | -- | $418,000 -9.1% |
| 2004 | -- | $460,000 |
Find assessor info on the county website
Neighborhood: Gifford Park
Nearby homes
- $---- bd-- ba-- sqft123 N 37th St APT 15, Omaha, NE 68131Off Market
- $--1 bd1 ba600 sqft123 N 37th St #4, Omaha, NE 68131Off Market
- $--1 bd1 ba600 sqft123 N 37th St APT 17, Omaha, NE 68131Off Market
- $--1 bd1 ba600 sqft123 N 37th St APT 16, Omaha, NE 68131Off Market
- $--1 bd-- ba600 sqft123 N 37th St APT 22, Omaha, NE 68131Off Market
- $337,2001 bd1 ba600 sqft123 N 37th St APT 20, Omaha, NE 68131Off Market
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- $--1 bd1 ba600 sqft123 N 37th St #11, Omaha, NE 68131Off Market
Nearby schools
GreatSchools rating
- 4/10GIFFORD ELEMENTARY SCHOOLGrades: PK-6Distance: 0.6 mi
- 4/10Lewis & Clark Middle SchoolGrades: 6-8Distance: 2.9 mi
- 5/10Central High SchoolGrades: 9-12Distance: 1.2 mi
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.
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- Nebraska
- Douglas County
- Omaha
- 68131
- Gifford Park
- 123 N 37th St
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