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3704 I Ave 5 Unit Apartment Building $989,000 ($197,800/Unit) Kearney, NE 68847
Investment Highlights
- Five-unit multifamily property offering consistent two-bedroom, two-bathroom layouts.
- Located in Northeast Kearney, a growing residential neighborhood.
- Well-maintained structure delivering income stability and minimal immediate maintenance needs.
- Four units feature one-car garages for tenant convenience.
Executive Summary
This 5-unit multifamily property in Northeast Kearney represents a rare opportunity for investors seeking stable income and long-term value. Each unit offers a desirable layout with two bedrooms and two bathrooms, providing consistent appeal for renters. Four of the units are equipped with one-car garages, adding functional convenience, while one unit features basement access for additional storage flexibility.
The well-maintained condition of the building minimizes upfront capital requirements, making it an attractive turnkey investment. The uniform unit configuration simplifies management, while the dedicated garages and extra storage enhance tenant retention. Kearney’s residential market continues to demonstrate steady growth, adding to the long-term investment potential of this asset. With opportunities for future rent stabilization or incremental value-add improvements, this property positions buyers to achieve solid returns.
Monthly Rent for Each Unit:
Unit #6: $1,050
Unit #7: $1,100
Unit #8: $950 No Garage
Unit #9: $1,000
Unit #10: $925
The well-maintained condition of the building minimizes upfront capital requirements, making it an attractive turnkey investment. The uniform unit configuration simplifies management, while the dedicated garages and extra storage enhance tenant retention. Kearney’s residential market continues to demonstrate steady growth, adding to the long-term investment potential of this asset. With opportunities for future rent stabilization or incremental value-add improvements, this property positions buyers to achieve solid returns.
Monthly Rent for Each Unit:
Unit #6: $1,050
Unit #7: $1,100
Unit #8: $950 No Garage
Unit #9: $1,000
Unit #10: $925
Property Facts
| Price | $989,000 | Apartment Style | Low-Rise |
| Price Per Unit | $197,800 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.40 AC |
| No. Units | 5 | Building Size | 6,540 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2005 |
| Zoning | COMMERCIAL | ||
| Price | $989,000 |
| Price Per Unit | $197,800 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.40 AC |
| Building Size | 6,540 SF |
| No. Stories | 2 |
| Year Built | 2005 |
| Zoning | COMMERCIAL |
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Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 604896400 | Improvements Assessment | $531,120 |
| Land Assessment | $56,000 | Total Assessment | $587,120 |
Property Taxes
Parcel Number
604896400
Land Assessment
$56,000
Improvements Assessment
$531,120
Total Assessment
$587,120
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3704 I Ave