Price Reduced Motivated Seller! Prime Main Street property with 18 unit apartment building ideal for investors seeking a maintained building with significant upside potential. Discover this vintage apartment building constructed in 1938, offering classic architecture and timeless appeal. The three-level structure comprises a total of 18 units, including 12 one-bedroom, 4 two-bedroom, and 2 efficiency apartments. Currently at 60% occupancy, this property presents a great opportunity for value-add investment and future growth. The building also features a full basement with potential to finish as a common area or laundry facility, enhancing tenant amenities and increasing revenue opportunities. Schedule your viewing today of this prime commercial opportunity downtown the Heart City! Legal: OT Lots 15 16 17 Blk 5 Valentine Lot Size: 75'x150' Property Taxes ( 2024): $1,460.68 Utilities: Electricity is separately metered with each tenant paying their own, except the 2 efficiency units. Common area electricity, propane, trash, & water are provided.
For sale
Price cut: $70K (6/5)
$425,000
114 N Main St, Valentine, NE 69201
--beds
0baths
--sqft
Multi Family
Built in 1938
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Classic architectureFull basementThree-level structure
- 262 days |
- 188 |
- 6 |
Zillow last checked:
Listing updated:
Listed by:
Janelle Johnson 402-322-1011,
Stracke Land & Realty
Source: My State MLS,MLS#: 11589858
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Basement
- Area: 4725
Heating
- Propane, Forced Air
Cooling
- Wall/Window Unit(s)
Features
- Flooring: Hardwood, Carpet, Linoleum
- Basement: Full,Partially Finished
- Has fireplace: No
Interior area
- Total structure area: 14,175
- Finished area above ground: 9,450
Property
Features
- Stories: 2
- Has view: Yes
- View description: Street
Lot
- Size: 0.26 Acres
Details
- Lease amount: $0
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Masonry - Brick, Brick Siding
- Roof: Flat
Condition
- New construction: No
- Year built: 1938
Utilities & green energy
- Electric: Amps(0)
- Sewer: Municipal
- Water: Municipal
Community & HOA
Community
- Security: Alarm, Fire Sprinkler System
HOA
- Has HOA: No
Location
- Region: Valentine
Financial & listing details
- Annual tax amount: $1,461
- Date on market: 10/14/2025
- Date available: 10/03/2025
- Listing agreement: Exclusive
Janelle Johnson
Janelle Johnson
(402) 322-1011
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Estimated market value
Not available
Estimated sales range
Not available
$859/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/5/2026 | Price change | $425,000-14.1% |
Source: My State MLS #11589858 Report a problem | ||
| 4/21/2026 | Price change | $495,000-5.7% |
Source: My State MLS #11589858 Report a problem | ||
| 3/5/2026 | Price change | $525,000-11.8% |
Source: My State MLS #11589858 Report a problem | ||
| 10/14/2025 | Listed for sale | $595,000 |
Source: My State MLS #11589858 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 69201
Nearby schools
GreatSchools rating
- 7/10Valentine Middle SchoolGrades: 5-8Distance: 0.2 mi
- 6/10Valentine High SchoolGrades: 9-12Distance: 0.6 mi
- 10/10Valentine Elementary SchoolGrades: PK-4Distance: 0.5 mi
- Nebraska
- Cherry County
- Valentine
- 69201
- 114 N Main St




