Unique Live-Work or Investment Opportunity in Growing Walnut Hill Don’t miss this rare chance to own a versatile, mixed-use property in the heart of Walnut Hill. This unique 5-bedroom, 2-bath, 1.5-story home has 1869 SF and attached commercial storefront 1097 SF zoned General Commercial, offering a wide range of possibilities for both owner-occupiers and investors. The property is ideally suited for a live/work setup, small business owner, or creative professional seeking a flexible space. 4 off-street parking spaces on the west side of the house a functional layout high-visibility location with growing foot traffic and community investment.*General Commercial Zoning- Cash or commercial financing only"
Sold for $197,500
$197,500
1320 N 40th St, Omaha, NE 68131
5beds
1,869sqft
Single Family Residence
Built in 1890
5,749 Square Feet Lot
$202,100 Zestimate®
$106/sqft
$2,391 Estimated rent
Home value
$202,100
$186,000 - $218,000
$2,391/mo
Zestimate® history
Owner options
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$1,440/mo
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List your homeWhat's special
Off-street parking spacesFunctional layoutAttached commercial storefront
Zillow last checked:
Listing updated:
Listed by:
Lisa Marie Pringle 402-660-9078,
Better Homes and Gardens R.E.
Bought with:
Chelsea Karlgaard, 20230013
BHHS Ambassador Real Estate
Source: GPRMLS,MLS#: 22513853
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 2
- Main level bathrooms: 1
Primary bedroom
- Features: Wall/Wall Carpeting, Window Covering, Cath./Vaulted Ceiling
- Level: Second
- Area: 225.9
- Dimensions: 15.03 x 15.03
Bedroom 2
- Features: Window Covering, 9'+ Ceiling, Luxury Vinyl Plank
- Level: Main
- Area: 111.01
- Dimensions: 11.09 x 10.01
Bedroom 3
- Features: Window Covering, 9'+ Ceiling, Luxury Vinyl Plank
- Level: Main
- Area: 150.25
- Dimensions: 15.01 x 10.01
Bedroom 4
- Features: Wall/Wall Carpeting, Window Covering, Cath./Vaulted Ceiling
- Level: Second
- Area: 99.63
- Dimensions: 11.07 x 9
Bedroom 5
- Features: Wall/Wall Carpeting, Window Covering, Cath./Vaulted Ceiling
- Level: Second
- Area: 150.7
- Dimensions: 15.01 x 10.04
Kitchen
- Features: Window Covering, 9'+ Ceiling, Luxury Vinyl Plank, Exterior Door
- Level: Main
- Area: 132.72
- Dimensions: 12 x 11.06
Living room
- Features: Window Covering, 9'+ Ceiling, Luxury Vinyl Plank
- Level: Main
- Area: 225.15
- Dimensions: 15.01 x 15
Basement
- Area: 1337
Heating
- Natural Gas, Forced Air
Cooling
- Central Air
Features
- Windows: Window Coverings
- Basement: Partially Finished
- Has fireplace: No
Interior area
- Total structure area: 1,869
- Total interior livable area: 1,869 sqft
- Finished area above ground: 1,869
- Finished area below ground: 0
Property
Parking
- Parking features: No Garage, Extra Parking Slab
- Has uncovered spaces: Yes
Features
- Levels: One and One Half
- Patio & porch: Porch
- Fencing: Wood,Full
Lot
- Size: 5,749 Square Feet
- Dimensions: 48 x 120
- Features: Up to 1/4 Acre., City Lot, Public Sidewalk
Details
- Parcel number: 2203350000
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Foundation: Block, Brick/Mortar
- Roof: Composition
Condition
- Not New and NOT a Model
- New construction: No
- Year built: 1890
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Water Available, Sewer Available
Community & HOA
Community
- Subdivision: Shaws
HOA
- Has HOA: No
Location
- Region: Omaha
Financial & listing details
- Price per square foot: $106/sqft
- Tax assessed value: $78,600
- Annual tax amount: $1,244
- Date on market: 5/22/2025
- Listing terms: Cash,Other
- Ownership: Fee Simple
- Electric utility on property: Yes
Price history
| Date | Event | Price |
|---|---|---|
| 10/3/2025 | Sold | $197,500-12.2%$106/sqft |
Source:  GPRMLS #22513853 Report a problem | ||
| 9/22/2025 | Pending sale | $225,000$120/sqft |
Source: GPRMLS #22513853 Report a problem | ||
| 7/7/2025 | Price change | $225,000-10%$120/sqft |
Source: GPRMLS #22513853 Report a problem | ||
| 5/22/2025 | Listed for sale | $250,000+1215.8%$134/sqft |
Source: GPRMLS #22513853 Report a problem | ||
| 9/26/2024 | Listing removed | $1,600$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/7/2024 | Listed for rent | $1,600$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/30/1998 | Sold | $19,000$10/sqft |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,314 +5.6% | $78,600 |
| 2024 | $1,245 -32.6% | $78,600 -10.2% |
| 2023 | $1,846 -1.2% | $87,500 |
| 2022 | $1,868 +0.9% | $87,500 |
| 2021 | $1,852 -5% | $87,500 -4% |
| 2020 | $1,950 -0.3% | $91,100 |
| 2019 | $1,956 -0.1% | $91,100 |
| 2018 | $1,959 +31.9% | $91,100 +31.6% |
| 2017 | $1,485 | $69,200 |
| 2016 | $1,485 +1.4% | $69,200 |
| 2015 | $1,465 | $69,200 |
| 2014 | -- | $69,200 |
| 2013 | -- | $69,200 |
| 2012 | -- | $69,200 |
| 2011 | -- | $69,200 -12.4% |
| 2009 | $1,621 | $79,000 |
| 2008 | -- | $79,000 +111.2% |
| 2005 | -- | $37,400 |
| 2004 | -- | $37,400 |
Find assessor info on the county website
Neighborhood: Walnut Hill
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Nearby schools
GreatSchools rating
- 3/10Walnut Hill Elementary SchoolGrades: PK-6Distance: 0.3 mi
- 4/10Lewis & Clark Middle SchoolGrades: 6-8Distance: 2.6 mi
- 1/10Benson Magnet High SchoolGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- Elementary: Walnut Hill
- Middle: Lewis and Clark
- High: Benson
- 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
- Walnut Hill
- 1320 N 40th St
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