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    114 N Main St Valentine, NE 69201

    For Sale
    $595,000

    Multi-Unit (5+) - Valentine, NE

    Property size:
    9,450 SF
    Days on Market:
    61
    Last Refresh:
    Dec 14 at 4:06 pm

    Property Features for 114 N Main St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    200
    Rooms
    Basement, Kitchen
    Parking features
    Garage
    Basement Y/N
    1
    Size
    9,450 SF

    Utilities

    Heating system
    Forced Air, Propane (Heating)

    Building Details

    Year built
    1938
    Year renovated
    1938
    Floors in Building
    2
    Flooring type
    Carpet, Hardwood, Linoleum
    Building materials
    Brick
    Roof type
    Flat
    Architectural style
    Other

    Stracke Land & Realty (402) 340-2990

    Listing agent Janelle Johnson (402) 340-2990

    Listing date Oct 15, 2025

    MLS# 11589858 Listing URL

    Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Valentine, NE Multi-Unit Investment

    Located on Main Street, this 18-unit apartment building presents an investment opportunity. Constructed in 1938, the three-level building includes 12 one-bedroom, 4 two-bedroom, and 2 efficiency apartments. The property is currently at 60% occupancy. A full basement offers the potential to be finished as a common area or laundry facility. The lot size is 75'x150'. Electricity is separately metered for each tenant, except for the 2 efficiency units. Common area electricity, propane, trash, and water are provided. The property is zoned 200. Property taxes for 2024 were $1,460.68. The property size is 9,450 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Valentine
    County
    Cherry
    State
    Nebraska
    Longitude
    -100.550398
    Latitude
    42.872256

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    FAQs

    What type of property is this?
    Apartment building - 18-unit apartment building with upside potential in downtown Valentine.
    Where is this apartment building located?
    The property is located at 114 N Main St Valentine, NE.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: - Value-add investment opportunity with significant upside potential due to current 60% occupancy.; - 18-unit apartment building with a mix of unit types (12 one-bedroom, 4 two-bedroom, 2 efficiency).; - Prime Main Street location in downtown Heart City.
    (402) 340-2990
    Request Owner's contact information
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    Valentine, NE 69201
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    114 N Main St Valentine, NE 69201
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