OPEN HOUSE 5/20 @ 11am - 1pm & 5/23 @ 11am - 1pm! Fall in love with this absolutely adorable 2.5-story building located in the heart of vibrant Midtown—just steps away from restaurants, shops, nightlife, and more! This unique property features three distinct units: a spacious 2 bed, 2 bath; a 1 bed, 1 bath; and a studio currently furnished for short-term rental use but easily convertible to a traditional lease. Each unit offers modern updates with stainless steel appliances, beautiful hardwood floors, in-unit laundry and an abundance of natural light. The property’s distinctive floor plans and classic architectural character make it a standout for both owner-occupants and investors alike. Ample off-street parking adds convenience to this already desirable package. Don't miss this rare opportunity to own a versatile, income-generating gem in one of Omaha’s most sought-after neighborhoods!
For sale
$365,000
111 S 38th St, Omaha, NE 68131
4beds
2,852sqft
Est.:
Multi Family
Built in 1905
-- sqft lot
$357,700 Zestimate®
$128/sqft
$-- HOA
What's special
Classic architectural characterAmple off-street parkingDistinctive floor plansBeautiful hardwood floorsStainless steel appliancesModern updatesAbundance of natural light
- 30 days
- on Zillow |
- 1,529 |
- 92 |
Zillow last checked: 7 hours ago
Listing updated: May 20, 2025 at 11:06pm
Listed by:
Liz Otto 402-397-8700,
Peterson Bros Realty
Source: GPRMLS,MLS#: 22513187

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 2
- Partial bathrooms: 2
Heating
- Natural Gas, Forced Air
Cooling
- Central Air
Appliances
- Included: Range - Cooktop + Oven, Refrigerator, Washer, Dryer
Features
- Basement: Walk-Out Access
- Has fireplace: No
Interior area
- Total structure area: 2,852
- Total interior livable area: 2,852 sqft
Property
Parking
- Total spaces: 7
- Parking features: No Garage
- Covered spaces: 7
Features
- Patio & porch: Porch
- Fencing: Chain Link
Lot
- Size: 7,514.1 Square Feet
- Dimensions: 45 x 167
- Features: Up to 1/4 Acre.
Details
- Parcel number: 1423560000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stone, Vinyl Siding
- Foundation: Block
Condition
- Not New and NOT a Model
- New construction: No
- Year built: 1905
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: Jerome Park
HOA
- Has HOA: No
Location
- Region: Omaha
Financial & listing details
- Price per square foot: $128/sqft
- Tax assessed value: $291,600
- Annual tax amount: $4,841
- Date on market: 5/16/2025
- Listing terms: Conventional,Cash
- Ownership: Fee Simple
- Total actual rent: 3630
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