$525,000

138 N 38th Ave Omaha, NE 68131

Midtown Omaha Neighborhood

Estimated payment $3,488/month

Total Views 195
2 Beds
7 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 0.27 Acre Lot
  • 2 Car Detached Garage
  • Window Unit Cooling System
  • No HOA
  • Porch
  • Patio

About This Home

Historic Midtown Mansion multifamily conversion to a 7 unit Historic Victorian Conversion in 2023. Updates include remodeling of some of the units since seller has been owner. New window covers, new carpet in certain apartments and previous owner refurbished the boiler and a new 4 car parking pad and improved electrical system for the window A/C units which reduce utility expenses. A new box drain with a 4" Tile diverts water away from the property with new sidewalk. A unique feature is a Carriage House perfect for extra income that can be rented for storage. Minutes away from Joslyn, the BlackStone District, Med Center, Mutual of Omaha and Creighton University. Not to mention the area is being updated, and plus you have great tenants.

Listing Agent

Martha Barrera

Nebraska Realty Brokerage Phone: 402-216-7986 License #20170761 Listed on: 08/11/2025

Nebraska Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,527

Year Built

  • Built in 1891

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 77 x 155

Parking

  • 2 Car Detached Garage

Home Design

  • Composition Roof
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • Ceiling height of 9 feet or more
  • Walk-Out Basement
  • Oven

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 7 Full Bathrooms

Outdoor Features

  • Patio
  • Porch

Schools

  • Gifford Park Elementary School
  • Lewis And Clark Middle School
  • Central High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 0910720000

Community Details

Overview

  • No Home Owners Association
  • 7 Units
  • Crescent Park Subdivision

Building Details

  • Insurance Expense $5,859
  • Manager Expense $495
  • Other Expense $1,350
  • Net Operating Income $50,150

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,527

Year Built

Built in 1891

Lot Details

0

Parking

2

Listing Details

  • Parcel Number: 0910720000
  • Property Sub Type: Multi Family
  • Other Expense: 1350
  • Year Built: 1891
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.274
  • Lot Size: 77 x 155
  • Ownership: Fee Simple
  • Subdivision Name: Crescent Park
  • Directions: Property near the Joslyn Castle between Davenport and Dodge on 38th Ave.
  • Carport Y N: No
  • Garage Yn: Yes
  • New Construction: No
  • BK9_LFD_TYPE2COOLING_82: Wind Air
  • BK9_LFD_TYPE2HEATFUEL_81: Gas
  • BK9_LFD_TYPE2HEATTYPE_80: Forced Air
  • BK9_LFD_TYPE2APPLIANCES_78: Oven - No Cooktop, Range - Cooktop + Oven
  • BK9_LFD_TYPE3APPLIANCES_85: Oven - No Cooktop, Range - Cooktop + Oven
  • Attribution Contact: M: 402-216-7986
  • Special Features: None

Interior Features

  • Interior Amenities: High Ceilings
  • Basement: Walk-Out Access
  • Appliances: Range, Refrigerator
  • Basement YN: Yes
  • Full Bathrooms: 7
  • Total Bedrooms: 2
  • Fireplace: No
  • BK9_LFD_TYPE2INTERIORFEATURES_79: Electronic Air Filters, 9'+ Ceiling
  • BK9_LFD_TYPE3INTERIORFEATURES_86: Electronic Air Filters, 9'+ Ceiling

Exterior Features

  • Foundation Details: Concrete Perimeter
  • Fencing: None
  • Construction Type: Stucco
  • Patio And Porch Features: Porch, Patio
  • Property Condition: Not New and NOT a Model
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Attached Garage: No
  • Covered Parking Spaces: 2
  • Parking Features: Detached
  • Total Parking Spaces: 4

Utilities

  • Cooling: Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Natural Gas, Forced Air
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • High School: Central
  • Elementary School: Gifford Park
  • Junior High Dist: Omaha
  • Middle Or Junior School: Lewis and Clark

Lot Info

  • Lot Features: Over 1/4 up to 1/2 Acre, Alley
  • Lot Size Sq Ft: 11935

Green Features

Multi Family

  • Insurance Expense: 5859
  • Number Of Units Total: 7
  • Resident Manager Expense: 495
  • Property Net Operating Income: 50150
  • Total Actual Rent: 6155

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 7526.66

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $9,323 $441,900 $35,600 $406,300
2022 $9,433 $441,900 $35,600 $406,300
2021 $8,356 $394,800 $35,600 $359,200
2020 $5,596 $261,400 $12,200 $249,200
2019 $5,613 $261,400 $12,200 $249,200
2018 $5,756 $267,700 $12,200 $255,500
2017 $3,326 $155,000 $17,600 $137,400
2016 $3,326 $155,000 $17,600 $137,400
2015 $3,281 $155,000 $17,600 $137,400
2014 $3,281 $155,000 $17,600 $137,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2025 08/11/25 For Sale $525,000 +20.0% --
05/22/2024 05/22/24 Sold $437,500 -2.8% --
04/16/2024 04/16/24 Pending -- -- --
02/27/2024 02/27/24 For Sale $450,000 -- --
Source: Great Plains Regional MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $438,000 Nebraska Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $350,000 Credit Line Revolving
Previous Owner $125,000 New Conventional
Previous Owner $166,322 Unknown
Source: Public Records

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Source: Great Plains Regional MLS

MLS Number: 22522895

Great Plains Regional MLS

APN: 1072-0000-09

Nebraska Douglas County Omaha 68131 Midtown Omaha

138 N 38th Ave, Omaha, NE

This home is located at 138 N 38th Ave, Omaha, NE 68131 and is currently priced at $525,000. This property was built in 1891. 138 N 38th Ave is a home located in Douglas County with nearby schools including Gifford Park Elementary School, Lewis & Clark Middle School, and Central High School.

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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.
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Copyright 2025, Great Plains Regional MLS LLC

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Martha Barrera
Listing Agent
Martha Barrera
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Nebraska Realty
(402) 929-4283