Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    422 N Cleburn St Grand Island, NE 68801

    For Sale
    $350,000

    Apartment Building, 2 Story - Grand Island, NE

    Lot size:
    0.11 Acres
    Days on Market:
    112
    Last Refresh:
    Dec 6 at 7:06 pm

    Property Features for 422 N Cleburn St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    Bathrooms
    5
    Parking
    1
    Interior features
    Applies To Some Units, Carpet, Kitchen/Dining Combo, Laminate, Smoke Detector
    EntryLevel
    Unit 1 Level: B,Unit 2 Level: B,Unit 3 Level: M,Unit 4 Level: M,Unit 5 Level: U
    Basement Y/N
    1
    Appliances
    Refrigerator
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Expense value
    2433.75
    Expense
    Security Deposit
    Expense freq.
    Once

    Building Details

    Year built
    1935
    Number of units
    5
    Roof type
    Composition
    Architectural style
    Other

    Action Property Management (308) 384-3477

    Listing agent Amber Schuppan (308) 384-3777

    Listing date Aug 17, 2025

    MLS# 20250810 Listing URL

    Copyright © 2025 Grand Island Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Grand Island Multifamily Investment

    This is a fully occupied 5-plex apartment building located in Grand Island, Nebraska. The property includes a garage that is currently rented to one of the tenants. The owner is responsible for covering all utility expenses. Currently, two units are under lease agreements, while the remaining units operate on a month-to-month basis. Financial records for one full year are available upon request. Unit 1 has been remodeled. The lot size is 0.11 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant 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
    Grand Island
    County
    Hall
    State
    Nebraska
    Longitude
    -98.349166
    Latitude
    40.926376

    Nearby Similar for Sale

    • $399,900
      2,534 SF

      Grand Island Office Building

      Office building with investment properties and rental income.
      1504-12 N Eddy St, Grand Island, NE 68801
      View Details
    • $280,000
      4,848 SF

      Grand Island Warehouse with Retail

      Warehouse with retail and office space in Grand Island.
      1003 North Front St, Grand Island, NE 68801
      View Details
    • Contact for pricing
      3,631 SF

      Grand Island Office Space Available

      3,631 SF office space in prime Grand Island location.
      1451 N Webb Rd, Grand Island, NE 68803
      View Details
    • $335,000
      2,108 SF

      Grand Island Office For Sale

      Versatile office suite in a high-traffic Grand Island corridor.
      1016 N Diers Ave, Grand Island, NE 68803
      View Details
    • $849,000
      10,880 SF

      Grand Island Warehouse with Upgrades

      Upgraded warehouse on a large lot with development potential.
      361 N Walnut St, Grand Island, NE 68801
      View Details
    • Contact for pricing
      2,986 SF

      Grand Island Professional Office Space

      Professional office space with reception, break area, and basement.
      1433 N Webb Rd, Grand Island, NE 68803
      View Details

    FAQs

    What type of property is this?
    Apartment building - Fully occupied 5-plex with garage in Grand Island, Nebraska.
    Where is this apartment building located?
    The property is located at 422 N Cleburn St Grand Island, NE.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: - Fully occupied 5-plex generating immediate rental income.; - Financials available for one full year upon request.; - Includes a garage rented to a tenant.
    (308) 384-3777
    Request Owner's contact information
    422 N Cleburn St Grand Island, NE 68801
    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.
    422 N Cleburn St
    Grand Island, NE 68801
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    422 N Cleburn St Grand Island, NE 68801
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.