117 S 38th Street, Omaha, NE 68131

• 5 beds |
• 4 baths |
• 2,485 sqft

Property Description

Excellent Investment Opportunity in Midtown's Blackstone District! Don't miss this 4-unit multi-family property located in the heart of the highly desirable Blackstone neighborhood. Just steps from popular shops, restaurants, & entertainment, the property also benefits from the upcoming streetcar line to the South that will provide convenient access to Downtown. Current 2026 rental income includes units leased at $1,450, $1,080, and $960 per month, with the fourth unit currently vacant, offering immediate value-add potential and the opportunity to increase cash flow. All appliances are included with the sale. Whether you're looking to expand your portfolio or begin investing in a prime Midtown location, this property offers strong income potential and excellent long-term upside! Please Note: some listing photos were taken when the property was previously vacant and may not reflect current occupancy.

Listing Status:

Active

Date Added:

June 12, 2026

Data Last Updated:

June 26, 2026 at 1:47AM

Listing Office:

BHHS Ambassador Real Estate : 402-493-4663

Listing Agent:

Danielle Altman : 402-943-6084

MLS ID:

22616207

Interior

• Appliances: RangeRefrigeratorDishwasherDisposalMicrowaveWasherDryer
• A/C: Central AirHeat Pump
• Heating: Natural GasElectricHeat Pump
• Fireplace: Fireplaces: 0

Exterior

• Other Structures: PorchDeck
• Parking: DetachedParking spaces: 5

Construction

• Roofing: Composition
• General: StuccoBrick/Mortar

Location

• Originating MLS: Great Plains Regional MLS
• School District: Omaha
• County: Douglas

Lot

• Zoning: The North 40 feet of Lot 6Block 10Jerome Parkan addition to the City of OmahaDouglas CountyNebraska.1423590000
• Fencing: None

Utilities

• Water: Public
• Sewer: Septic Tank

Financial

• Source: Great Plains Regional MLS
• Ownership: Fee Simple