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Six-Unit Apartment Building
For Sale
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401 S 38th Ave, Omaha, NE 68131

Six-unit apartment building with off-street parking near public transit.

Property SizeContact for details
Days on Market55

Property Features for 401 S 38th Ave

General Information

Standard status Active
Class B
Total Parking Spaces 7
Property subtype Multifamily, Land
Zoning R-8
Investment Type Stabilized

Additional Details

Multifamily Units 6

Building Details

Year Built 1910
Buildings 1
Stories 2
Units 6
Tenancy Multi
Listing Agency: Berkshire Hathaway HS | Ambassador Real Estate Commercial Division
Listed By: Jeff Johnson · License #NE 20100178
Source: Crexi
Added: Jul 9 Changed: Aug 31 Last Checked: Aug 30 at 10:51PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HS | Ambassador Real Estate Commercial Division

Investment Insights

Based on property information with market context.

This for-sale six-unit apartment building includes off-street parking and is situated in Midtown along Harney Street in Blackstone. The property is offered as a residential income opportunity with a multi-unit layout designed to support ongoing occupancy.

The building is located one block from a streetcar route, providing convenient access to public transportation. Off-street parking on-site adds practical value for residents and daily operations.

With six separate apartment units and off-street parking, the property offers a straightforward multifamily configuration for buyers seeking a small residential income asset in an established area.

Key Highlights

  • 6‑unit apartment building built in 1910
  • Off‑street parking available
  • Located on Harney Street in Blackstone

Property Analytics

Current Use

Satterly Apartments Apartment Building

Suggested Use

Top Pick HVAC Service Electrical Service (Bike/Boat/Book/etc) Store Carpet & Flooring Store Tattoo & Piercing Shop Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

3,587
Businesses Nearby

Demographics for 68131, NE

13,609
Population
7,861
Households
1.7
Avg Household Size
29
Median Age
46%
College-Educated
91%
High-School Grad
2.1 sq mi
ZIP Area
6,480
Density / Sq Mi
$47,800
Median Household Income
$30,808
Median Earnings
$1,081
Median Rent
$224,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Six-unit apartment building with off-street parking near public transit.
Where is this apartment building located?
The property is located at 401 S 38th Ave Omaha, NE.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 6‑unit apartment building built in 1910; Off‑street parking available; Located on Harney Street in Blackstone
(402) 917-3035 Call to check price and availability
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