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Five-Unit Apartment Building
New
For Sale
$250,000

1416 W 3rd Street, Grand Island, NE 68801

MULTIFAMILY, Grand Island, NE

Property SizeContact for details
Days on Market3

Property Features for 1416 W 3rd Street

General Information

Property type Residential Multi Family
Property subtype Other
Rooms Basement
Parking 3
Parking features Garage - Detached, Off Street
Subdivision Kernohan & Decker's Addition
Directions Consult GPS
Standard status Active
APN 400051648

Taxes and HOA fees

Tax Year 2025
Tax Description KERNOHAN & DECKER'S ADD LT 6 BLK 8
Tax Annual Amount 3174
Legal Description KERNOHAN & DECKER'S ADD LT 6 BLK 8

Building Details

Year built 1926
Number of units 5
Listing Agency: Keller Williams Lincoln · Keller Williams Realty
Listed By: Trevor Clifton
Added: Oct 6 Last Checked: Oct 8 at 2:06PM
MLS# 22628855

Copyright © 2026 Great Plains Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This five-unit apartment property was built in 1926 and includes a basement. Parking consists of a detached garage and off-street spaces.

The property is located at 1416 W 3rd Street in Grand Island, Nebraska.

Key Highlights

  • Five‑unit apartment property
  • Built in 1926
  • Basement included

Property Analytics

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Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Grocery & Convenience Store Auto Parts Store (Bike/Boat/Book/etc) Store Tech Support Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

805
Businesses Nearby

Demographics for 68801, NE

30,440
Population
11,684
Households
2.6
Avg Household Size
34
Median Age
17%
College-Educated
81%
High-School Grad
90.0 sq mi
ZIP Area
338
Density / Sq Mi
$63,214
Median Household Income
$37,995
Median Earnings
$931
Median Rent
$186,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Detached garage, off-street parking, and a basement are included with this multifamily property.
Where is this apartment building located?
The property is located at 1416 W 3rd Street Grand Island, NE.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Five‑unit apartment property; Built in 1926; Basement included
More about this property
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