This is a strong, multi-family, investment opportunity offered at a current cap rate of 5.75%, with a pro forma of 7.08%, due to an adjustment in utilities. Located just 2 blocks from the University of Nebraska at Kearney campus, the asset is secured by brand new leases from all 4 Tenants, which offers investors stable, growing income. The property benefits from being in a sought-after rental location and is well-suited for buyers seeking predictable income and stable real estate returns. Investment Highlights • Brand leases for all 4 Tenants in place as of June 1, 2026 • Tenants are responsible for snow removal and lawn care. Owner had a family member living there and is currently paying for electricity, natural gas, and water, sewer, and trash. Those utilities could be moved to Tenants' names in the next round of leases, hence the pro-forma. • 4 Tenants at $525 per month = $2,100 per month = $25,200 per year • Annual Expenses: o $3,059.80 – Property Taxes o $3,028 – Insurance o $1,740 – Electric, NPPD o $1,020 – Natural Gas, Northwestern o $840 – Water, Sewer, and Trash, City of Kearney o TOTAL – $9,687.80 • Net Operating Income, current = $25,200 - $9,687.80 = $15,512.20 NOI / $269,900 = 5.75% cap rate • Net Operating Income, pro forma = $25,200 - $6,087.80 = $19,112.20 NOI / $269,900 = 7.08% cap rate
Pending
$269,900
618 W 25th St, Kearney, NE 68845
4beds
3baths
3,100sqft
Single Family Residence
Built in 1920
6,500 Square Feet Lot
$268,800 Zestimate®
$87/sqft
$-- HOA
What's special
- 41 days |
- 18 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Brandon Benitz,
C21 Midlands
Source: REALTORS of Greater Mid-Nebraska MLS,MLS#: 20260826
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Main level bathrooms: 1
Primary bedroom
- Level: 2
- Area: 221.06
- Dimensions: 14.42 x 15.33
Bedroom 2
- Level: 2
- Area: 228.63
- Dimensions: 14.75 x 15.5
Bedroom 3
- Level: 2
- Area: 223.46
- Dimensions: 14.42 x 15.5
Bedroom 4
- Level: 4
- Area: 369.95
- Dimensions: 26.58 x 13.92
Bedroom 5
- Level: 4
- Area: 144
- Dimensions: 12 x 12
Dining room
- Features: Wood
- Level: 1
- Area: 215
- Dimensions: 14.33 x 15
Kitchen
- Features: Vinyl
- Level: 1
- Area: 147.5
- Dimensions: 14.75 x 10
Living room
- Features: Wood
- Level: 1
- Area: 317.5
- Dimensions: 21.17 x 15
Basement
- Area: 960
Cooling
- Central Air
Appliances
- Included: Gas Water Heater
- Laundry: Bedroom Level, Electric
Features
- Basement: Full,Finished
Interior area
- Total structure area: 3,120
- Total interior livable area: 3,100 sqft
- Finished area above ground: 2,160
- Finished area below ground: 960
Property
Parking
- Parking features: No Garage, Detached Garage
- Has garage: Yes
Features
- Levels: Two
- Waterfront features: None
Lot
- Size: 6,500 Square Feet
- Features: Landscaping: Fair
Details
- Parcel number: 604820000
- Zoning: R-3
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Frame, Vinyl Siding
- Roof: Asphalt
Condition
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Connected, Electricity Connected, Cable Connected, Phone Connected
Community & HOA
Community
- Subdivision: NE
Location
- Region: Kearney
Financial & listing details
- Price per square foot: $87/sqft
- Tax assessed value: $238,125
- Annual tax amount: $3,059
- Price range: $269.9K - $269.9K
- Date on market: 6/4/2026
- Cumulative days on market: 47 days
- Electric utility on property: Yes
Estimated market value
$268,800
$255,000 - $282,000
$2,426/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/10/2026 | Pending sale | $269,900$87/sqft |
Source: REALTORS of Greater Mid-Nebraska MLS #20260826 Report a problem | ||
| 6/4/2026 | Listed for sale | $269,900+15.8%$87/sqft |
Source: REALTORS of Greater Mid-Nebraska MLS #20260826 Report a problem | ||
| 7/11/2022 | Sold | $233,000+6.4%$75/sqft |
Source: Public Record Report a problem | ||
| 3/18/2022 | Listing removed | -- |
Source:  HOME Real Estate Report a problem | ||
| 2/26/2022 | Pending sale | $219,000$71/sqft |
Source: REALTORS of Greater Mid-Nebraska MLS #20220179 Report a problem | ||
| 2/23/2022 | Listed for sale | $219,000+32.7%$71/sqft |
Source: REALTORS of Greater Mid-Nebraska MLS #20220179 Report a problem | ||
| 12/29/2016 | Sold | $165,000-2.4%$53/sqft |
Source: Public Record Report a problem | ||
| 11/25/2016 | Pending sale | $169,000$55/sqft |
Source: CENTURY 21 Midlands #19863 Report a problem | ||
| 8/18/2016 | Price change | $169,000-5.6%$55/sqft |
Source: CENTURY 21 Midlands #19863 Report a problem | ||
| 7/19/2016 | Price change | $179,000-3.2%$58/sqft |
Source: CENTURY 21 Midlands #19863 Report a problem | ||
| 6/22/2016 | Price change | $185,000-3.6%$60/sqft |
Source: CENTURY 21 Midlands #19863 Report a problem | ||
| 5/18/2016 | Listed for sale | $192,000+12.3%$62/sqft |
Source: CENTURY 21 Midlands #19863 Report a problem | ||
| 7/15/2013 | Sold | $171,000+135.9%$55/sqft |
Source: Public Record Report a problem | ||
| 4/18/2006 | Sold | $72,500$23/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,959 +3.5% | $238,125 +6.7% |
| 2024 | $3,824 +8.5% | $223,090 +7.7% |
| 2023 | $3,526 +18.4% | $207,150 +22% |
| 2022 | $2,979 -14.9% | $169,740 -16.4% |
| 2021 | $3,500 -4% | $202,930 +1.9% |
| 2020 | $3,647 +11.3% | $199,065 +10.1% |
| 2018 | $3,277 +2.8% | $180,790 +2.2% |
| 2017 | $3,187 +5.1% | $176,820 +12.5% |
| 2016 | $3,032 +13.5% | $157,160 +9.9% |
| 2015 | $2,672 +7.5% | $142,960 -6.6% |
| 2014 | $2,487 +59.5% | $153,005 +100.4% |
| 2013 | $1,559 +2.7% | $76,360 +5% |
| 2012 | $1,518 -2.2% | $72,725 -3.3% |
| 2011 | $1,552 +2.9% | $75,235 +0.9% |
| 2010 | $1,508 | $74,560 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 68845
Nearby schools
GreatSchools rating
- 7/10Central Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 7/10Horizon Middle SchoolGrades: 6-8Distance: 0.8 mi
- 6/10Kearney Sr High SchoolGrades: 9-12Distance: 2.2 mi
Schools provided by the listing agent
- Elementary: Central Elementary
- Middle: Horizon Middle School
- High: KHS / KCHS
Source: REALTORS of Greater Mid-Nebraska MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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