For sale

Price cut: $49K (4/29)

$450,000

823 W 22nd St, Kearney, NE 68845

12beds

8baths

--sqft

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Apartment

Built in 1900

-- sqft lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

8-unit multifamily conversion (City of Kearney Registered) investment opportunity with strong gross rental income of $6,400/month! Property consists of 1, 2, and 3-bedroom units with individual bathrooms. Value add opportunity with additional (9th) unit in basement that is currently being used as an office. Unit details and individual lease rates are located on the rent roll in associated docs. Owner pays all utilities, averaging around $1,300/month. Please consult with your agent for extra due-diligence information.

242 days

310

11

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 12
Bathrooms: 8

Heating

Common Heat

Cooling

Common Air Conditioner

Appliances

Included: Applies To All, Refrigerator, Stove

Features

Private Bath
Flooring: Carpet
Windows: Drapes
Has basement: No

Property

Parking

Parking features: No Garage

Features

Levels: Two
Stories: 2

Lot

Size: 0.26 Acres

Details

Parcel number: 601363000
Zoning: R-1

Construction

Type & style

Home type: MultiFamily
Property subtype: Apartment

Materials

Frame
Roof: Asphalt

Condition

Year built: 1900

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Other

Community & HOA

Community

Security: Smoke Detector(s)
Subdivision: NE

Location

Region: Kearney

Financial & listing details

Tax assessed value: $268,810
Annual tax amount: $3,376
Price range: $450K - $450K
Date on market: 11/18/2025
Cumulative days on market: 243 days
Total actual rent: 6350

Estimated market value

Not available

Estimated sales range

Not available

$1,209/mo

Price history

Date	Event	Price
4/29/2026	Price change	$450,000-9.8%
Source: REALTORS of Greater Mid-Nebraska MLS #20251525 Report a problem
1/30/2026	Price change	$499,000-5%
Source: REALTORS of Greater Mid-Nebraska MLS #20251525 Report a problem
11/18/2025	Listed for sale	$525,000
Source: REALTORS of Greater Mid-Nebraska MLS #20251525 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,469 +2.5%	$268,810 +5.7%
2024	$4,359 +8.8%	$254,280 +8%
2023	$4,007 +1.8%	$235,445 +5%
2022	$3,935 +1.8%	$224,245
2021	$3,868 -5%	$224,245 +0.9%
2020	$4,070 -16.7%	$222,155 -17.5%
2018	$4,884 +9.5%	$269,430 +8.9%
2017	$4,459 +5.1%	$247,380 +0%
2016	$4,242 +0.8%	$247,355 +46.4%
2015	$4,206 +43.1%	$169,000 -0.8%
2014	$2,940	$170,355

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

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: 68845

Getting around

71 / 100

Very Walkable

60 / 100

Bikeable

Nearby schools

GreatSchools rating

7/10
Central Elementary School
Grades: PK-5Distance: 0.4 mi
7/10
Horizon Middle School
Grades: 6-8Distance: 0.9 mi
6/10
Kearney Sr High School
Grades: 9-12Distance: 2 mi

Schools provided by the listing agent

District: Kearney 7

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.