For sale

Price cut: $5K (10/6)

$250,000

1416 W 3rd St, Grand Island, NE 68801

--beds

--baths

--sqft

$1,810/mo

Get pre-qualified

Multi Family

Built in 1926

-- sqft lot

$246,700 Zestimate^®

$--/sqft

$-- HOA

What's special

Excellent investment opportunity in Grand Island! This five-unit multifamily property offers investors the opportunity to add a versatile income-producing property to their portfolio. Conveniently located near downtown Grand Island, with easy access to shopping, dining, entertainment and other local amenities. A great opportunity for investors seeking a multifamily property in a Grand Island neighborhood!

9 days
198
6

Facts & features

Interior

Heating

Other Fuel, Other

Features

Has basement: Yes
Has fireplace: No

Property

Parking

Total spaces: 3
Parking features: Garage
Garage spaces: 1
Covered spaces: 3

Features

Fencing: None

Lot

Dimensions: 66 × 132
Features: Up to 1/4 Acre.

Details

Parcel number: 400051648

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Foundation: Other

Condition

Not New and NOT a Model
New construction: No
Year built: 1926

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: Kernohan & Decker's Addition

HOA

Has HOA: No

Location

Region: Grand Island

Financial & listing details

Tax assessed value: $228,902
Annual tax amount: $3,173
Date on market: 10/6/2026
Ownership: Fee Simple

Estimated market value

$246,700

$234,000 - $259,000

$1,472/mo

Price history

Date	Event	Price
10/6/2026	Price change	$250,000-2%
Source: GPRMLS #22628855 Report a problem
9/22/2026	Price change	$255,000-1.9%
Source: GPRMLS #22624319 Report a problem
8/24/2026	Listed for sale	$260,000+44.4%
Source: GPRMLS #22624319 Report a problem
8/20/2026	Sold	$180,000
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$3,174 +4%	$228,902 +11%
2024	$3,053 -9.4%	$206,303 +11.3%
2023	$3,368 -6.8%	$185,361 +3.1%
2022	$3,614 +8.6%	$179,854 +10.3%
2021	$3,327 +60.7%	$163,126 +71.5%
2020	$2,070 +11.4%	$95,105 +10.7%
2018	$1,859 +4.5%	$85,874 +4.5%
2016	$1,779 +3.9%	$82,200
2015	$1,713 -1.5%	$82,200 -14.5%
2014	$1,739 -15.3%	$96,195
2013	$2,054 -0.9%	$96,195
2012	$2,073 +1.8%	$96,195
2011	$2,036 +3.6%	$96,195
2010	$1,967 +0.9%	$96,195
2009	$1,948	$96,195