3025 Meredith Ave & 4738 North 38th Street

3025 Meredith Ave & 4738 North 38th Street, Omaha, NE 68111

  • For Sale $1,850,000
  • Property Type Multi-Family
  • Property Size 16,754 SF
  • Units 31
  • Additional Rent Contact for pricing
  • Year Built 1960
  • Date Updated Oct 20, 2024
The location is a well-established residential neighborhood with access to parks, schools, and public transportation, benefiting from ongoing revitalization efforts.Lee & Associates presents two value-add opportunities: a 27-unit multifamily property located at 3025 Meredith Ave, Omaha, NE 68111, and a neighboring fourplex. Both properties are currently cash-flowing with the potential for increased profitability. The 27-unit building, dating back to the 1960s, consists mostly of one-bedroom units, with recent renovations in 11 units achieving rents of $800 per month. The fourplex at 4738 N 38th St, Omaha, NE 68111, includes three one-bedroom, one-bath units and one two-bedroom, one-bath unit, generating $2,912 per month, with tenants contributing to utility costs. There is room to improve the asset value, making it a strong complement to the Meredith Avenue property. This package includes amenities like off-street parking, a laundry room, a property management office, and a fully integrated security system. This investment offers potential for further renovations and value appreciation, especially with government-supported exterior updates and an assignable insurance claim. The properties are located in a well-established residential neighborhood with access to parks, schools, and public transportation, benefiting from ongoing revitalization efforts.

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Highlights

  • Brick exterior
  • 7.9 Cap
  • Profoma NOI $146,318
  • 1960’s built
  • Security system
  • Value-add opportunity
  • Off street parking
  • Tenants pay electricity

Contacts

broker

Mo Barry

Lee & Associates - Nebraska

Location

Getting Around

  • Walk Score ®

    52/100 Somewhat Walkable

  • Transit Score ®

    41/100 Some Transit

  • Bike Score ®

    37/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Omaha, NE
  • Neighborhood Monmouth - Central Park
  • Zip Code 68111
  • Market Omaha

Points of Interest

  • Valero

    1.51 miles

  • K-N-J Express

    1.80 miles

  • Phillips 66

    1.87 miles

  • Sinclair

    2.02 miles

  • QuikTrip

    2.06 miles

  • Mega Saver

    2.84 miles

  • Casey's General Store

    2.85 miles

  • Speedee Mart

    2.98 miles

  • ChargePoint

    3.23 miles

  • Think Whole Person GE EVSE

    5.18 miles

  • Park/Memorial

    0.73 miles

  • Golf/Handicapped

    1.35 miles

  • parallel

    1.41 miles

  • Park/Pool

    1.66 miles

  • Storz Rugby

    1.72 miles

  • Benson Branch Library

    2.13 miles

  • IPC Visitors

    2.30 miles

  • oMetro Employee Lot B

    2.45 miles

  • Private

    2.46 miles

  • Private/Monthly Parking

    3.33 miles

  • Four Points by Sheraton

    2.71 miles

  • Fairfield Inn & Suites Omaha Downtown

    2.79 miles

  • Holiday Inn Omaha Downtown Airport

    2.86 miles

  • Element Omaha Midtown Crossing

    2.87 miles

  • Home2 Suites

    2.91 miles

  • Homewood Suites by Hilton Omaha-Downtown

    2.91 miles

  • Hampton Inn & Suites Omaha-Downtown

    2.94 miles

  • Cambria Hotel Omaha Downtown

    2.95 miles

  • Kimpton Cottonwood Hotel

    2.98 miles

  • Econo Lodge

    3.18 miles

  • McDonald's

    0.65 miles

  • Sonic

    0.77 miles

  • Popeyes

    0.82 miles

  • Nite Hawks

    1.71 miles

  • Harand Bar-B-Q

    1.79 miles

  • Godfather's Pizza

    1.95 miles

  • Jimmy John's

    2.00 miles

  • Burger King

    2.05 miles

  • KFC

    2.09 miles

  • Yo Shi To Mo

    2.14 miles

  • Omaha North High School

    0.18 miles

  • Central Park Elementary School

    0.40 miles

  • Skinner Magnet Center

    0.42 miles

  • Monmouth Park School

    0.46 miles

  • Fairfax School

    0.56 miles

  • Saint Richard Elementary School

    0.65 miles

  • Metropolitan Community College

    0.67 miles

  • Metropolitan Community College - Fort Omaha Campus

    0.70 miles

  • Druid Hill Elementary School

    0.74 miles

  • Holy Angels School

    0.83 miles

  • Omaha Early Learning Center at Skinner

    0.39 miles

  • Essential Years Child Care

    1.12 miles

  • Little Lamb's Daycare And Preschool

    2.79 miles

  • NE Medical Center-Family Place

    2.88 miles

  • Immanuel Child Development Center

    2.91 miles

  • Montessori Educational Center: House of Montessori

    3.01 miles

  • Bright Horizons Edward Zorinsky Child Development Center

    3.20 miles

  • Precious Memories Child Care

    3.51 miles

  • Child Care Center

    3.79 miles

  • Westside Early Childhood Center

    4.07 miles

Frequently Asked Questions

How much does 3025 Meredith Ave & 4738 North 38th Street cost?

The space currently listed for sale at 3025 Meredith Ave & 4738 North 38th Street asks for $1,850,000.

What is the total square footage of 3025 Meredith Ave & 4738 North 38th Street?

3025 Meredith Ave & 4738 North 38th Street totals 16,754 square feet.

When was this property built?

3025 Meredith Ave & 4738 North 38th Street was built in 1960.

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Contact Listing Broker

broker

Mo Barry

Lee & Associates - Nebraska