1320 N 40th St Omaha, NE 68131
Midtown Omaha NeighborhoodEstimated payment $1,347/month
Total Views
634,449
5
Beds
2
Baths
1,869
Sq Ft
$120
Price per Sq Ft
Highlights
- Cathedral Ceiling
- No HOA
- Luxury Vinyl Plank Tile Flooring
- Main Floor Bedroom
- Porch
- Forced Air Heating and Cooling System
About This Home
Unique Live-Work or Investment Opportunity in Growing Walnut Hill Don?t miss this rare chance to own a versatile, mixed-use property in the heart of Walnut Hill, one of the city?s most promising up-and-coming neighborhoods. This unique 5-bedroom, 2-bath, 1.5-story home features an attached commercial storefront and is zoned General Commercial, offering a wide range of possibilities for both owner-occupiers and investors. The property is ideally suited for a live/work setup, small business owner, or creative professional seeking a flexible space. Investors will appreciate the opportunity to lease out the residential and commerc Additional highlights include 4 off-street parking spaces in the rear, a functional layout, and a high-visibility location with growing foot traffic and community investment.*General Commercial Zoning- commercial financing only
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,245
Year Built
- Built in 1890
Lot Details
- 5,760 Sq Ft Lot
- Lot Dimensions are 48 x 120
- Property is Fully Fenced
- Wood Fence
Home Design
- Brick Foundation
- Block Foundation
- Composition Roof
Interior Spaces
- 1,869 Sq Ft Home
- 1.5-Story Property
- Cathedral Ceiling
- Window Treatments
- Partially Finished Basement
Flooring
- Wall to Wall Carpet
- Luxury Vinyl Plank Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Main Floor Bedroom
- 2 Full Bathrooms
Parking
- No Garage
- Parking Pad
- Open Parking
Schools
- Walnut Hill Elementary School
- Lewis And Clark Middle School
- Benson High School
Additional Features
- Porch
- Forced Air Heating and Cooling System
Community Details
- No Home Owners Association
- Shaws Subdivision
Listing and Financial Details
- Assessor Parcel Number 2203350000
Map
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2023 | $1,846 | $87,500 | $12,500 | $75,000 |
| 2022 | $1,868 | $87,500 | $12,500 | $75,000 |
| 2021 | $1,852 | $87,500 | $12,500 | $75,000 |
| 2020 | $1,950 | $91,100 | $12,500 | $78,600 |
| 2019 | $1,956 | $91,100 | $12,500 | $78,600 |
| 2018 | $1,959 | $91,100 | $12,500 | $78,600 |
| 2017 | $1,485 | $69,200 | $2,500 | $66,700 |
| 2016 | $1,485 | $69,200 | $2,500 | $66,700 |
| 2015 | $1,465 | $69,200 | $2,500 | $66,700 |
| 2014 | $1,465 | $69,200 | $2,500 | $66,700 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/07/2025 07/07/25 | Price Changed | $225,000 | -10.0% | $120 / Sq Ft |
| 05/21/2025 05/21/25 | For Sale | $250,000 | 0.0% | $134 / Sq Ft |
| 05/27/2022 05/27/22 | Rented | $1,400 | 0.0% | -- |
| 05/17/2022 05/17/22 | Price Changed | $1,400 | +12.0% | $1 / Sq Ft |
| 03/01/2022 03/01/22 | Price Changed | $1,250 | +13.6% | $1 / Sq Ft |
| 02/28/2022 02/28/22 | For Rent | $1,100 | -- | -- |
Source: Great Plains Regional MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $162,000 | Platinum Title | |
| Warranty Deed | $499,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $170,000 | New Conventional |
Source: Public Records
About the Listing Agent
Mobile: 402-660-9078
Email: lisa.zimmerman@betteromaha.com
Lisa is a Realtor with Better Homes and Gardens Real Estate The Good Life Group in Omaha, NE. She got into real estate because she has a passion for working with people and believe in the benefits of home ownership. Whether you are buying or selling your home her goal is to provide you with the highest level of customer service to make the transaction smooth and easy. She has a keen eye for staging and can offer advise on
Lisa's Other Listings
Source: Great Plains Regional MLS
MLS Number: 22513853
APN: 2203-3500-00
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.
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 2025, Great Plains Regional MLS LLC
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