# 117 S 38th Street, Omaha, NE 68131

> **TL;DR:** 5bd/2ba multi-family, $425,000, built 1904.
> Basement. Est. $1,842/mo. Listed 16 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $425,000 |
| Bedrooms | 5 |
| Bathrooms | 2 full |
| Year Built | 1904 |
| Property Type | Multi-Family (Multi Family) |
| Status | For Sale |
| Days on Market | 16 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,842 |
| **Total** | **$1,842** |

## Nearby Schools

- **Elementary:** Gifford Park
- **Middle:** Lewis and Clark
- **High:** Central

## Key Amenities

- Basement

## Property Highlights

- Built in 1904
- 7 parking spaces

## Description

### Agent Description
Danielle Altman, M: 402-943-6084, danielle.altman@bhhsamb.com, https://www.bhhsamb.com - 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

## Location

- **Address:** 117 S 38th Street, Omaha, NE 68131
- **County:** Douglas
- **Neighborhood:** Jerome Park

## Listing Agent

- **Name:** Danielle Altman
- **Brokerage:** BHHS Ambassador Real Estate
- **Phone:** 4029436084
- **Email:** danielle.altman@bhhsamb.com

## Primary Photo

![117 S 38th Street - Primary Photo](http://lh.rdcpix.com/57120bf5aef98d24e6334a536f6b49e1l-f27436036r.jpg)

*40 total photos available on [listing page](https://www.propertysimple.com/listing/117-s-38th-street-omaha-ne-68131-22616207)*

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**MLS#:** 22616207 | **Updated:** 2026-06-25
**Source:** listhub

*Copyright © 2026 Great Plains Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/117-s-38th-street-omaha-ne-68131-22616207)

---

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  "description": "Danielle Altman, M: 402-943-6084, danielle.altman@bhhsamb.com, https://www.bhhsamb.com - 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 leas",
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  "numberOfBedrooms": 5,
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