$8,311 Closing Credit¹
#22510594, Ted Kaasch Jr, Listing office: Realty ONE Group Sterling
$700,000 List price
401 S 38th Ave Omaha, NE 68131
$8,313
Closing credit¹
3,117 sqft
$225 / sqft
Multi-Family
Property details
About 401 S 38th Ave
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.
Highlights
Home typeMulti Family
HeatingNatural Gas, Radiant
StatusActive
(ACTIVE)
(ACTIVE)
Size3,117 sqft
BasementYes
Year built1910
MLS #22513246
Summary
- Basement: Yes
- Attached Garage: No
- Parking: None
- Heating: Natural Gas, Radiant
- List Price: $700,000
- Price/SqFt: $224
- Annual Tax Amount: $8,510
- Tax Year: 2023
- Directions: N/A
- Year Built: 1910
- Living Area: 3,117 SqFt
- MLS Number: 22513246
- Office Name: BHHS Ambassador Real Estate
- Office Phone: (402) 493-4663
- Office Email: info@BHHSamb.com
- Listing Agent: Mike J Tesnar
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Great Plains Regional MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright © 2025 Great Plains REALTORS® Multiple Listing Service, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/20/2025, 8:45:29 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$700,000
401 S 38th Ave
$8,313
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $403,400 | $8,510 |
| 2022 | $403,400 | $5,625 |
| 2021 | $265,800 | $5,690 |
| 2020 | $265,800 | $5,486 |
| 2019 | $255,500 | $3,687 |
| 2018 | $171,500 | $3,705 |
| 2017 | $171,500 | $3,680 |
History based on county public records data.
Nearby schools
3
Jackson Elementary School
Public District PK-6
0.7 mi
•620 S 31st St
3
Gifford Park Elementary School
Public District EE-6
0.9 mi
•717 N 32nd St
2
Field Club Elementary School
Public District PK-5
1.0 mi
•3512 Walnut St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $23,125. The most common annual income of people living in Omaha, NE is less than $<35k. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
67%
<35k
28%
35k-100k
4%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
82%
Single, No Kids
5%
Single, with Kids
8%
Married, No Kids
5%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
6%
<11 yrs old
2%
12-17 yrs old
56%
18-34 yrs old
30%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
NBA/WNBA
Major League Soccer (MLS)
Pro Boxing
Where do the neighbors shop?
Express/Express For Men
Banana Republic
Burlington
Where do the neighbors go to eat?
Starbucks
Sonic
Popeyes
What do the neighbors drive?
Pontiac
Infiniti
Dodge
What do the neighbors listen to?
Urban Contemporary
News
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 401 S 38th Ave
The listing price of 401 S 38th Ave property is $700,000.
The property 401 S 38th Ave is a multi located in Omaha, Nebraska, 68131.
Active Listing: 401 S 38th Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 401 S 38th Ave are: Jackson Elementary School (GreatSchools Rating 3/10), Gifford Park Elementary School (GreatSchools Rating 3/10), Field Club Elementary School (GreatSchools Rating 2/10), Norris Middle School (GreatSchools Rating 3/10), Monroe Middle School (GreatSchools Rating 3/10), Lewis & Clark Middle School (GreatSchools Rating 3/10), Central High School (GreatSchools Rating 5/10), Benson High School (GreatSchools Rating 1/10), Omaha North High School (GreatSchools Rating 1/10).
According to the records, the last property tax for 2023 is $8,510 (source: MLS/based on county public records data).
The property 401 S 38th Ave is 3,117 SqFt (source: MLS/tax record).
The year of construction for 401 S 38th Ave is 1910.
This home is located at 401 S 38th Ave in Omaha, NE and zip code 68131 in the Midtown Omaha neighborhood. This 3,117 square foot home was built in 1910. Features: 0 bathroom. It has been listed on Rocket Homes since May 20, 2025 and is currently priced at $700,000.
Between April and May 2025, Omaha, NE real estate market has seen increase in the number of listings by 184.2%. Listings spent 31 days on the market in May 2025, and had a median list price of $325,140 during the same period.
From Rocket Homes Real Estate and based on county public records data.