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401 S 38th Ave - Satterlee Apartments 6 Unit Apartment Building Offered at $650,000 Omaha, NE 68131

Apartment Buildings Nebraska Omaha 401 S 38th Ave, Omaha, NE 68131

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Investment Highlights

  • 6 units with stabilized occupancy
  • Same owner 26 years
  • On-site laundry
  • Well-maintained property
  • Off street parking

Executive Summary

Great midtown location along Harney Street in Blackstone. 6-unit apartment building with off street parking. One block from streetcar route.

Attachments

401 S 38th Ave Flyer

Financial Summary (Pro Forma - 2026) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro Forma - 2026) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price $650,000 Building Size 3,724 SF
Price Per Unit $108,333 No. Stories 3
Sale Type Investment Year Built 1910
No. Units 6 Parking Ratio 1.88/1,000 SF
Property Type
Multifamily
  • Multifamily Apartments
 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Lot Size 0.18 AC
Zoning R-8 - R-8 High density multifamily
Price $650,000
Price Per Unit $108,333
Sale Type Investment
No. Units 6
Property Type
Multifamily
  • Multifamily Apartments
Lot Size 0.18 AC
Building Size 3,724 SF
No. Stories 3
Year Built 1910
Parking Ratio 1.88/1,000 SF
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning R-8 - R-8 High density multifamily

Amenities

Unit Amenities

  • Air Conditioning
  • Storage Space
  • Hardwood Floors
  • Refrigerator
  • Range

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 2 - -
1+1 4 $940.00 -
1 1
Very walkable
80/100
Fairly drivable
50/100
Limited public transit
30/100
Fairly bikeable
50/100
Source: Local Logic®
(402) 917-3035

Still interested?

Contact the broker for more information about this property

Contact

  • Listing ID: 41223272

  • Date on Market: 7/9/2026

  • Last Updated:

  • Address: 401 S 38th Ave, Omaha, NE 68131

The Blackstone Multifamily Property at 401 S 38th Ave, Omaha, NE 68131 is currently available. Contact Berkshire Hathaway Ambassador Commercial for more information.

MULTIFAMILY PROPERTIES IN NEARBY NEIGHBORHOODS

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401 S 38th Ave - Satterlee Apartments

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