In a market where modern builds often lack character, the property at 5337 N 35th St, Omaha, NE 68111 stands out with a timeless, all-stone exterior. Recently marked down by $10,000, this home is now listed at $139,000, presenting a unique “Short Sale” opportunity for those who know how to spot long-term value.
At $108 per square foot, this 3-bedroom, 2-bathroom residence offers more than just curb appeal; it offers a path to instant equity in the heart of Omaha.
| Feature | Detail |
| Address | 5337 N 35th St, Omaha, NE 68111 |
| New Price | $139,000 (After $10K Price Cut) |
| Est. Monthly | $945/mo |
| Beds/Baths | 3 Bedrooms / 2 Bathrooms |
| Year Built | 1920 (Historic Stone Ranch) |
| Interior Area | 1,292 Total Sq. Ft. |
The Durability Factor: All-Stone Exterior
Most homes in this price range feature wood or vinyl siding, which requires constant maintenance.
- The Advantage: An all-stone exterior is incredibly durable, fire-resistant, and offers superior insulation.
- Curb Appeal: The stone aesthetic gives the home a “premium” feel that usually commands a much higher price point, making it a standout property in the neighborhood.
Modern Touches Where It Matters
While the exterior is historic, the interior has been strategically updated to meet 2026 standards:
- Updated Kitchen: Featuring new cabinets and modern touches, the kitchen is ready for use from day one.
- Durable Flooring: The main level is fitted with Luxury Vinyl Plank (LVP), which is waterproof and scratch-resistant—ideal for both families and high-quality rentals.
- Appliances Included: The sale includes the range, refrigerator, dishwasher, and microwave, saving the buyer thousands in startup costs.
Understanding the “Short Sale” Opportunity
This property is being sold as a Short Sale, which means the sale price is less than what is owed on the mortgage, subject to lender approval.
- The Investor Strategy: Short sales often take a bit longer to close, but they offer the best chance to buy a property below its true market value. For an epathgo.com reader with patience, this is how you “buy equity” instead of just buying a house.
Layout & Square Footage Breakdown
With 1,292 total sq. ft., the home is larger than the average bungalow in the area:
- Main Level: 786 sq. ft. featuring 2 bedrooms and a modernized living space.
- Finished Basement: 506 sq. ft. of finished space below ground houses the 3rd bedroom, providing excellent privacy for a teenager, a roommate, or a home office.
- Bathrooms: Having a 1.5 bath setup (including a main level bathroom) is a significant upgrade over the standard 1-bath homes in this price tier.
Financial Outlook: Rent vs. Own
- Tax Assessed Value: $131,900
- List Price: $139,000
- Estimated Mortgage: ~$945/mo
At $945 per month, the cost of ownership is remarkably competitive. In many parts of Omaha, renting a 3-bedroom home with an updated kitchen and a garage-sized lot would cost significantly more. Buying this home at the current price point essentially “freezes” your housing costs while the property value appreciates.
The Verdict: A Value-Add Winner
5337 N 35th St is a rare find because the “heavy lifting” (kitchen and flooring) is already done. The $10,000 price cut combined with the stone durability makes this a low-risk, high-reward play.
Epathgo Final Thought: Whether you are a first-time buyer looking to escape the rent cycle or an investor looking for a durable asset, this Stone Ranch is a textbook example of “buying right.”
Disclaimer: Short sales are subject to third-party lender approval. Always perform a professional home inspection and consult with a real estate attorney regarding the short sale process.
Listed on Zillow