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(402) 509-5035
Real Estate Company
102 N 38th Avenue, Omaha, NE 68131
- $299,000
- 5
- BD
- 5
- BA
- 3,453
- SqFt
- List Price
- $299,000
- MLS#
- 22632162
- Status
- NEW
- Type
- Multifamily
- City
- Omaha
- Area
- Douglas
- County
- Douglas
- Bedrooms
- 5
- Bathrooms
- 5
- Living Area
- 3,453
- Year Built
- 1900
Property Description
5 Plex priced at less than $60k a door in Omaha’s Joslyn Castle / Midtown area. Under rented units leave big opportunity to increase the income from day 1 for 1 unit, other 4 units can be raised or re-leased in 2027. Built in 1900 and zoned CC. All units are 1 bed / 1 bath. Four units are currently leased with leases into 2027; one unit vacant currently on hold to allow for showings. Current in-place base rent is $2,690 per month; market rent for all five units is on average about ~$800 or ~$4,000 total. On-site laundry. Located near Blackstone, Dundee, and downtown. Units have been updated, there exterior could use some repairs. This would make a great investment, 1031 exchange, or tax write off before year end. Do not disturb tenants — showings by appointment. All facts and measurements approximate, please independently verify.
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Additional Information
- Elementary School
- Gifford Park
- Fence
- None
- Heating Type
- Natural Gas, Forced Air
- High School
- Central
- Living Area
- 3,453
- Lot Description
- Up to 1/4 Acre.
- Middle School
- Lewis and Clark
- Rooms
- 1
- School District
- Omaha
- Subdivision
- Crescent Park
- Tax Amount
- $4,421
- Tax Year
- 2026
- Year Built
- 1900
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Listing courtesy of Realty ONE Group Sterling.
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