Seller's Agent in 2025
Martha Barrera
Nebraska Realty
(402) 216-7986
6 in this area
169 Total Sales
138 N 38th Ave Omaha, NE 68131
Midtown Omaha Neighborhood
2
Beds
7
Baths
--
Sq Ft
0.27
Acres
Highlights
- 0.27 Acre Lot
- No HOA
- Porch
- Ceiling height of 9 feet or more
- 2 Car Detached Garage
- Electric Air Filter
About This Home
As of October 2025Historic 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.
Last Agent to Sell the Property
Nebraska Realty Brokerage Phone: 402-216-7986 License #20170761 Listed on: 08/11/2025
Last Buyer's Agent
Nebraska Realty Brokerage Phone: 402-216-7986 License #20170761 Listed on: 08/11/2025
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
- Electric Air Filter
- Window Unit Cooling System
- Forced Air Heating System
- Heating System Uses Gas
- Heating System Uses Natural Gas
Listing and Financial Details
- Total Actual Rent $6,155
- 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
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 11, 2025
Closed on
Oct 10, 2025
Sold by
Lopez Leduar Corrales and Turcios Jose Orlando
Bought by
Fa Properties Llc
Seller's Agent
Martha Barrera
Nebraska Realty
Buyer's Agent
Martha Barrera
Nebraska Realty
List Price
$525,000
Sold Price
$470,000
Premium/Discount to List
-$55,000
-10.48%
Views
29
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.84%
Purchase Details
Listed on
Feb 27, 2024
Closed on
May 20, 2024
Sold by
New Key Llc
Bought by
Corrales Lopez Leduar
Seller's Agent
Trac Burkhardt
Better Homes and Gardens R.E.
Buyer's Agent
Martha Barrera
Nebraska Realty
List Price
$450,000
Sold Price
$437,500
Premium/Discount to List
-$12,500
-2.78%
Views
107
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.29%
Original Mortgage
$350,000
Interest Rate
6.88%
Mortgage Type
Credit Line Revolving
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $470,000 | Opulent Title | |
| Warranty Deed | $438,000 | Nebraska Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $350,000 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/10/2025 10/10/25 | Sold | $470,000 | -10.5% | -- | |
| 10/03/2025 10/03/25 | Pending | -- | -- | -- | |
| 08/11/2025 08/11/25 | For Sale | $525,000 | +20.0% | -- | |
| 05/22/2024 05/22/24 | Sold | $437,500 | -2.8% | -- | View Prior Sale |
| 04/16/2024 04/16/24 | Pending | -- | -- | -- | |
| 02/27/2024 02/27/24 | For Sale | $450,000 | -- | -- |
Source: Great Plains Regional MLS
Tax History Compared to Growth
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 | $7,527 | $461,800 | $35,600 | $426,200 |
| 2024 | $9,323 | $461,800 | $35,600 | $426,200 |
| 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
Agents Affiliated with this Home
-
Martha Barrera
-
Trac Burkhardt
Seller's Agent in 2024
Trac Burkhardt
Better Homes and Gardens R.E.
(402) 541-5669
5 in this area
78 Total Sales
Map
Source: Great Plains Regional MLS
MLS Number: 22522895
APN: 1072-0000-09
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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