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For sale
  • Price cut: $225K (5/20)
    $700,000

    401 S 38th Ave, Omaha, NE 68131

    6beds
    3,117sqft
    : 
    Multi Family
    Built in 1910
    -- sqft lot
    $673,100 Zestimate®
    $225/sqft
    $-- HOA

    What's special

    Historic 6-Plex Near Blackstone & Nebraska Medicine Own a piece of Omaha history at 401 S 38th Ave, just one block from the Blackstone District and future Omaha Streetcar line. Built by Louis Kirschbraun of Kirschbraun & Sons Creamery, this home is on the National Register of Historic Places and has been converted into 6 rental units: -4 one-bed, one-bath apartments- -2 studio units- Rents are below market, offering upside through updates or repositioning. Steps from Nebraska Medicine, UNMC, and Midtown Crossing, the location is ideal for both long-term tenants and short-term rental potential. With strong walkability and high demand, this is a rare opportunity to increase income through Airbnb or traditional leasing in a prime urban setting. Don't miss your chance to invest in one of Omaha’s most historic and walkable neighborhoods.
    26 days
    on Zillow
    |
    1,339
    |
    64
    |

    Zillow last checked: 7 hours ago

    Listing updated: June 10, 2025 at 06:01pm

    Listed by:

    Mike Tesnar 402-509-7271,

    BHHS Ambassador Real Estate

    Source: GPRMLS,MLS#: 22513246MLS Logo
    Travel times

    Tour with a buyer’s agent

    We’ll find a local expert to take you on a private tour of 401 S 38th Ave.

    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 6
    • Full bathrooms: 6
    Heating
    • Radiant
    Features
    • Has basement: Yes
    • Has fireplace: No
    Interior area
    • Total structure area: 3,117
    • Total interior livable area: 3,117 sqft

    Property

    Parking
    • Total spaces: 7
    • Parking features: No Garage
    • Covered spaces: 7
    Features
    • Levels: Three Or More
    • Fencing: None
    Lot
    • Size: 8,263.33 Square Feet
    • Dimensions: 95 x 87
    • Features: Up to 1/4 Acre.
    Details
    • Parcel number: 1310860000

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Foundation: Other
    Condition
    • Not New and NOT a Model
    • New construction: No
    • Year built: 1910

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Highland Place
    HOA
    • Has HOA: No
    Location
    • Region: Omaha

    Financial & listing details

    • Price per square foot: $225/sqft
    • Tax assessed value: $469,900
    • Annual tax amount: $7,795
    • Date on market: 5/20/2025
    • Listing terms: Conventional,Cash
    • Ownership: Fee Simple
    • Total actual rent: 4685
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