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.
For sale
Price cut: $225K (5/20)
$700,000
401 S 38th Ave, Omaha, NE 68131
6beds
3,117sqft
Est.:
Multi Family
Built in 1910
-- sqft lot
$673,100 Zestimate®
$225/sqft
$-- HOA
What's special
- 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#: 22513246

Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
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
- Loading
- Loading