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401 S 38th AvenueOmaha, NE 68131

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NP Dodge Real Estate
402.255.5099
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6BEDROOMS 6TOTAL BATHS 3,117SQUARE FEET Active STATUS

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 free 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 areas!

401 S 38th Avenue | MLS# 22513246

This multi-family property located at 401 S 38th Avenue, Omaha, NE 68131 is currently listed for sale with an asking price of $650,000. S 38th Avenue is located within the Omaha school district. Search Omaha real estate on www.npdodge.com today.

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Details

Property Type
Multi Unit - Multiple
Days on Site
297
Status
Active
MLS
22513246
Home Style
Three Or More
Subdivision
Highland Place
County
Douglas
Garage Spaces
0
Year Built
1910
Original Price
$700,000
DIRECTIONS TO PROPERTY
N/A

Schools

School District
Omaha
Elementary
Beals
Middle / Junior
Norris
Senior / High
Buena Vista

Exterior

Lot Dimensions
95 x 87
Garage Type
Detached
Fence
None

Interior

Total SqFt
3,117

Utilities

Heating
Natural Gas, Radiant
Fuel Type
Gas
Sewer
Public Sewer
Water
Public

Taxes & Fees

Tax Amount
$7, 795
Financing Terms
Conventional, Cash

Area Information

Omaha

Omaha, NE is a bustling city in the heart of the Midwest, offering a unique blend of urban amenities and Midwestern charm. Founded in 1854, it lies along the western banks of the Missouri River. As the largest city in Nebraska, Omaha is a vibrant economic hub with a diverse range of industries driving its growth. Home to several Fortune 500 companies, including Berkshire Hathaway and Mutual of Omaha, the city boasts a robust financial sector alongside a thriving healthcare industry, with institutions like the University of Nebraska Medical Center leading the way in medical research and innovation.

Culturally, Omaha is a haven for arts and entertainment enthusiasts. The historic Old Market District in downtown Omaha is a vibrant hub of activity, featuring art galleries, boutiques shops, and acclaimed restaurants. Museums like The Durham Museum and the Joslyn Art Museum showcase the city’s artistic and historical heritage, while the Steelhouse Omaha and the Omaha Performing Art Center host a variety of world-class performances throughout the year.

Sports fans also have plenty to cheer about in Omaha, with the city hosting events like the College World Series at the Charles Schwab Field Omaha, drawing baseball fans from around the country and is home to the Creighton Bluejays, member of NCAA Division I and Big East Conference. Additionally, Omaha’s parks and outdoor spaces, including the renowned Henry Doorly Zoo and Aquarium and the Heartland of America Park, provide ample opportunities for recreation and exploration.

With its strong economy, rich cultural scene, and welcoming community, Omaha offers something for everyone, making it an ideal destination to live, work and play.

If you are ready to start your home buying or selling journey, browse the latest real estate listings in Omaha, NE. You can also contact us—we are here to help!

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Demographics

Mortgage Calculator

ESTIMATED MONTHLY PRICE: $5,277.89
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blank Principal Taxes INS / PMI Other Total
Monthly $3,903.02 $649.58 $725.29 $0.00 $5,277.89
Yearly $46,836.24 $7,794.96 $8,703.48 $0.00 $63,334.68
Total $1,405,087.20 $233,848.80 $176,878.00 $0.00 $1,815,814.00
Results from this calculator are designed for comparative purposes only, and accuracy is not guaranteed.

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Stephanie Reinhardt NMLS# 623803 Mortgage Loan Officer

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