NOT LISTED FOR SALE

121 S 38th Ave Omaha, NE 68131

Midtown Omaha Neighborhood

Estimated Value: $214,611 - $502,000

3 Beds
2 Baths
2,957 Sq Ft
$112/Sq Ft Est. Value

Last Sold September 25, 2015

Last sale price $198,000 $67 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $2,053/month

99 Days on Market

Highlights

  • No HOA
  • Porch
  • Heating System Uses Steam
  • 3 Car Detached Garage
  • Hot Water Heating System
  • Wood Siding

About This Home

As of September 2015

Don't miss your opportunity to own property in the booming Midtown Crossing area. CASH COW rooming house within blocks of Midtown Crossing/Mutual area. Prime location for future development. Located near the Med Center & less than 2 miles from Creighton University, this property has 12 rentable units w/low vacancy rates. Detached carriage house & 3 separate garages. Property Sold As Is. Ideal for investor looking for NOW income w/possibilities of land development. See attached docs for more info

Last Agent to Sell the Property

Tim Salzbrenner

NP Dodge RE Sales Inc 86Dodge License #0860686 Listed on: 05/21/2015

Co-Listed By

Tim Salzbrenner

NP Dodge RE Sales Inc 86Dodge License #20140530

Last Buyer's Agent

Non Member

Peterson Bros Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,775

Year Built

  • Built in 1920

Lot Details

  • 7,130 Sq Ft Lot
  • Lot Dimensions are 46 x 155

Parking

  • 3 Car Detached Garage

Home Design

  • Composition Roof
  • Wood Siding

Kitchen

  • Oven
  • Gas Stub for Range
  • Plumbed For Ice Maker

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Field Club Elementary School
  • Lewis And Clark Middle School
  • Central High School

Utilities

  • Heating System Uses Gas
  • Hot Water Heating System
  • Heating System Uses Steam
  • Private Water Source
  • Cable TV Available

Additional Features

  • Gas Dryer Hookup
  • Walk-Out Basement
  • Porch

Listing and Financial Details

  • Total Actual Rent $805
  • Assessor Parcel Number 1423470000
  • Tax Block 100

Community Details

Overview

  • No Home Owners Association
  • 12 Units
  • Jerome Park Subdivision

Building Details

  • Insurance Expense $1,419
  • Operating Expense $11,223

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,775

Year Built

Built in 1920

Lot Details

7,130 Sq Ft Lot

Parking

3

Listing Details

  • Parcel Number: 1423470000
  • Property Sub Type: Multi Family
  • Year Built: 1920
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.1637
  • Lot Size: 46 x 155
  • Co List Office Phone: 402-934-1590
  • Ownership: Fee Simple
  • Subdivision Name: Jerome Park
  • Directions: Dodge to 38 Ave then South to Property
  • Carport Y N: No
  • Garage Yn: Yes
  • New Construction: No
  • Remarks22: Listing agents are related to seller.
  • Special Features: VirtualTour

Interior Features

  • Basement: Walk-Out Access
  • Appliances: Range - Cooktop + Oven, Oven - No Cooktop, Refrigerator, Connection For Gas Ranges, Connection For Electric Oven, Plumbed For Ice Maker, Connections Vary per Unit
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: No

Exterior Features

  • Fencing: None
  • Construction Type: Wood
  • Patio And Porch Features: Porch
  • Property Condition: Not New and NOT a Model
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 3
  • Attached Garage: No
  • Covered Parking Spaces: 3
  • Parking Features: Detached
  • Total Parking Spaces: 2

Utilities

  • Laundry Features: Gas Dryer Hookup
  • Heating: Gas, Water Source, Hot Water, Steam
  • Heating Yn: Yes
  • Utilities: Cable Available
  • Water Source: Public, Private

Condo/Co-op/Association

  • Association: No

Schools

  • High School: Central
  • Elementary School: Field Club
  • Junior High Dist: Omaha
  • Middle Or Junior School: Lewis and Clark

Lot Info

  • Lot Features: Up to 1/4 Acre.
  • Lot Size Sq Ft: 7130
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Insurance Expense: 1419
  • Operating Expense: 11223
  • Number Of Units Total: 12
  • Total Actual Rent: 805

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 3774.7
  • Tax Block: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 3, 2019
Sold by
Lisboa Llc
Bought by
Gilbatrar Llc
Current Estimated Value
$331,870

Purchase Details

Listed on
May 21, 2015
Closed on
Sep 23, 2015
Sold by
Crouch Robert L and Crouch Connie A
Bought by
Lisboa Llc
Seller's Agent
Tim Salzbrenner
NP Dodge RE Sales Inc 86Dodge
Buyer's Agent
Non Member
Peterson Bros Realty
List Price
$140,000
Sold Price
$198,000
Premium/Discount to List
$58,000
41.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.04%
Original Mortgage
$88,000
Interest Rate
3.93%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gilbatrar Llc -- Charter Title & Escrow Servi
Lisboa Llc $110,000 Charter Title & Escrow Svcs
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lisboa Llc $88,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/25/2015 09/25/15 Sold $198,000 +41.4% $67 / Sq Ft
08/28/2015 08/28/15 Pending -- -- --
05/21/2015 05/21/15 For Sale $140,000 -- $47 / Sq Ft
Source: Great Plains Regional MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,505 $216,100 $31,900 $184,200
2024 $4,481 $216,100 $31,900 $184,200
2023 $4,481 $212,400 $31,900 $180,500
2022 $4,534 $212,400 $31,900 $180,500
2021 $3,564 $168,400 $31,900 $136,500
2020 $3,605 $168,400 $31,900 $136,500
2019 $3,208 $149,400 $12,900 $136,500
2018 $2,393 $111,300 $12,900 $98,400
2016 $2,388 $111,300 $12,900 $98,400
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2015

    Tim Salzbrenner

    NP Dodge Real Estate Sales, Inc.

    Section Image

  • N

    Buyer's Agent in 2015

    Non Member

    Peterson Bros Realty

See All Agents

Map

Source: Great Plains Regional MLS

MLS Number: 21509309

Great Plains Regional MLS

APN: 2347-0000-14

Nebraska Douglas County Omaha 68131 Midtown Omaha

121 S 38th Ave, Omaha, NE

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Great Plains Regional MLS Listing information is provided by Participants of the Great Plains Regional Multiple Listing Service Inc.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
Copyright 2026, Great Plains Regional MLS LLC

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.