Flexible three-unit building in Omaha, full of potential at $190,000. A rare value-add or owner-occupant opportunity with three distinct spaces: a vacant 2BR/1BA apartment, a versatile vacant studio with its own full kitchen and bath, ideal for a small business, live/work, or rental, and an occupied oversized 1BR/1BA with a full dining area and bonus room, leased at $800/mo. Full basement adds 1,300+ sq ft of storage, plus an attached garage. Live in one and lease the rest, run a business from the flex space while the apartments help offset costs, or lease up all three for full upside. Owner-paid utilities on shared systems leave room to separate and boost returns. Loads of 1890 character with solid bones and room to grow. Sold as-is. Buyer to verify measurements, square footage, permitted uses, zoning, and financing.
For sale
$190,000
4038 Hamilton St, Omaha, NE 68131
3beds
2,055sqft
Multi Family
Built in 1890
-- sqft lot
$184,700 Zestimate®
$92/sqft
$-- HOA
What's special
Attached garage
- 12 days |
- 479 |
- 30 |
Zillow last checked:
Listing updated:
Listed by:
Madison Barry 402-954-0082,
Better Homes and Gardens R.E.
Source: GPRMLS,MLS#: 22617964
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Natural Gas, Forced Air
Cooling
- Window Unit(s)
Features
- Has basement: Yes
- Has fireplace: No
Interior area
- Total structure area: 2,055
- Total interior livable area: 2,055 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 1
- Covered spaces: 2
Features
- Fencing: None
Lot
- Size: 2,635 Square Feet
- Dimensions: 25 x 105.5
- Features: Up to 1/4 Acre.
Details
- Parcel number: 0922310000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Block
- Roof: Composition
Condition
- Not New and NOT a Model
- New construction: No
- Year built: 1890
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: DENNETTS
HOA
- Has HOA: No
Location
- Region: Omaha
Financial & listing details
- Price per square foot: $92/sqft
- Tax assessed value: $78,800
- Annual tax amount: $1,317
- Date on market: 6/26/2026
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
- Total actual rent: 800
Estimated market value
$184,700
$175,000 - $194,000
$1,480/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/25/2026 | Listed for sale | $190,000+90%$92/sqft |
Source:  GPRMLS #22617964 Report a problem | ||
| 10/21/2020 | Sold | $100,000-9.1%$49/sqft |
Source: GPRMLS #22017513 Report a problem | ||
| 8/25/2020 | Listed for sale | $110,000$54/sqft |
Source: Nebraska Realty #22017513 Report a problem | ||
| 7/22/2020 | Listing removed | $110,000$54/sqft |
Source: Nebraska Realty #22017513 Report a problem | ||
| 7/16/2020 | Listed for sale | $110,000+77.4%$54/sqft |
Source: Nebraska Realty #22017513 Report a problem | ||
| 2/10/2020 | Sold | $62,000+3000%$30/sqft |
Source: Public Record Report a problem | ||
| 6/23/2016 | Sold | $2,000-90.9%$1/sqft |
Source: Public Record Report a problem | ||
| 3/22/2012 | Sold | $22,000-23.6%$11/sqft |
Source: Public Record Report a problem | ||
| 3/5/2010 | Sold | $28,800$14/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,318 +3.4% | $78,800 |
| 2024 | $1,274 -23.4% | $78,800 |
| 2023 | $1,663 +13% | $78,800 +14.4% |
| 2022 | $1,471 +0.9% | $68,900 |
| 2021 | $1,458 +58.4% | $68,900 +60.2% |
| 2020 | $921 -0.3% | $43,000 |
| 2019 | $923 +5.5% | $43,000 +5.7% |
| 2018 | $875 +0.2% | $40,700 |
| 2017 | $873 | $40,700 |
| 2016 | $873 -0.8% | $40,700 -2.2% |
| 2015 | $881 | $41,600 |
| 2014 | -- | $41,600 |
| 2013 | -- | $41,600 |
| 2012 | -- | $41,600 |
| 2011 | -- | $41,600 |
| 2009 | $854 | $41,600 |
| 2008 | -- | $41,600 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Orchard Hill
Nearby schools
GreatSchools rating
- 3/10Walnut Hill Elementary SchoolGrades: PK-6Distance: 0.2 mi
- 4/10Lewis & Clark Middle SchoolGrades: 6-8Distance: 2.5 mi
- 1/10Benson Magnet High SchoolGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- Elementary: Walnut Hill
- Middle: Monroe
- 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.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Nebraska
- Douglas County
- Omaha
- 68131
- Orchard Hill
- 4038 Hamilton St
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