Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1616 Grant Street Blair, NE 68008

    View on Map
    Claim this Listing
    For Sale
    $145,000

    Multi-Family - Blair, NE

    Type:Multi Family
    Added:
    Jan 19, 2026
    Days on Market:
    87
    Last Refresh:
    Apr 16 at 3:06 am

    Property Features for 1616 Grant Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Bedrooms
    3
    Bathrooms
    2
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3
    Parking
    4
    Basement Y/N
    1
    Standard status
    Active
    APN
    890045115

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    1984.84

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1900
    Number of units
    2
    Architectural style
    Other

    We can help!

    Listing Contact
    Emily Ware
    Emily Ware

    Listing agent Emily Ware License #20200115

    Listing office Better Homes and Gardens R.E. 1210 N 205th Street, Omaha, NE

    Listing date Jan 19, 2026

    MLS# 22601906 Listing URL

    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.

    Overview

    Blair Duplex with Investment Potential

    This vacant duplex in Blair, Nebraska, presents an opportunity for investors. The property includes one detached garage. The lower unit features 2 bedrooms and 1 bath, while the upper unit has 1 bedroom and 1 bath. The property is priced to reflect the need for updates, offering potential for instant equity and long-term rental income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Blair
    County
    Washington
    State
    Nebraska
    Longitude
    -96.136249
    Latitude
    41.541884

    Nearby Similar for Sale

    • $334,575

      14.87 Acres in Blair, NE

      14.87-acre lot with panoramic views and endless possibilities.
      Tract 6 County Road 22, Blair, NE 68008
      View Details
    • $195,000

      Blair Duplex Investment Opportunity

      Duplex in Blair, Nebraska, ideal for investors.
      1713 Lincoln Street, Blair, NE 68008
      View Details
    • $258,525

      Expansive Acreage with Panoramic Views

      11.49-acre lot offering space and serenity for custom living.
      Tract 5 County Road 22, Blair, NE 68008
      View Details
    • $195,000

      Blair, NE Multi-Family Property

      Cash-flowing duplex in Blair, Nebraska, perfect for investors.
      2123 Washington Street, Blair, NE 68008
      View Details
    • $195,000

      Blair Duplex Investment Opportunity

      Cash-flowing duplex in Blair, perfect for investment portfolio.
      215 S 17 Street, Blair, NE 68008
      View Details
    • $725,000
      6,000 SF

      Flex Warehouse in Blair, NE

      Flex warehouse with outside storage in Blair's Central Business District.
      1160 Lincoln Street, Blair, NE 68008
      View Details
    • $1,750,000
      7,608 SF

      New Industrial Building in Blair

      New industrial building ideal for warehousing, manufacturing, or service operations.
      1145 S 10th Street, Blair, NE 68008
      View Details
    • Contact for pricing
      30,000 SF

      Single-Tenant Cargill Office Building

      Single-tenant office building occupied by Cargill with long-term lease.
      1705 Kellie Dr, Blair, NE
      View Details
    • $661,500
      3,785 SF

      High Visibility Corner Lot

      Corner lot in Blair, Nebraska, with high traffic exposure.
      1865 Washington St, Blair, NE
      View Details
    • $862,500
      3,210 SF

      New Blair Triplex For Sale

      New construction triplex with modern finishes and functional layout.
      1307 Grant St, Blair, NE 68008
      View Details
    • $2,100,000
      17,440 SF

      Versatile Industrial Property on 8 Acres

      Industrial property with three buildings and ample yard space.
      270 East Grant St, Blair, NE 68008
      View Details
    • $1,200,000
      27,068 SF

      Historic Blair Commercial/Flex Building

      27,068 SF commercial/flex building in the heart of Blair.
      138 N 16th St, Blair, NE 68008
      View Details

    FAQs

    What type of property is this?
    Duplex - Vacant duplex in Blair, Nebraska, with upside for investors.
    Where is this duplex located?
    The property is located at 1616 Grant Street Blair, NE.
    What is the asking price?
    The asking price for this property is $145,000.
    What are key features of this property?
    This property features: Duplex offers immediate rental income potential.; Priced for updates, presenting a value opportunity.; Ideal for investors seeking instant equity.
    (402) 850-7595
    We can help!
    Listing Contact
    Emily Ware
    Emily Ware
    Real Estate License ID: 20200115
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!