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
Sold for $269,900
Price history
| Date | Event | Price |
|---|---|---|
| 8/3/2026 | Sold | $269,900$87/sqft |
Source: REALTORS of Greater Mid-Nebraska MLS #20260826 Report a problem | ||
| 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 | ||
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$270,000
2% more
+$5,400
With Zillow Showcase(estimated)
$275,400
