Five-Plex Apartment Building with
For Sale
$350,000
422 N Cleburn St, Grand Island, NE 68801
MULTI_FAMILY - Grand Island, NE
Property SizeContact for details
Lot Size0.11 Acres
Days on Market362
Property Features for 422 N Cleburn St
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Bedrooms
5
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 3, Basement, Bedroom 5, Bathroom 1, Bedroom 3, Bathroom 2, Bathroom 4, Bedroom 1, Bedroom 4, Bathroom 5, Bedroom 2
Appliances
Applies to All Units, Refrigerator, Stove
Elementary school
Howard
Middle school
Walnut
High school
Grand Island Senior High
Subdivision
NE
Standard status
Active
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
see ex A
Tax Annual Amount
3670
Expense value
2433.75
Expense
SecurityDeposit
Expense freq.
One Time
Legal Description
see ex A
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1935
Floors in Building
2
Number of units
5
Roof type
Composition
Architectural style
Other
Listing Agency:
Coldwell Banker Action Holdings
(308) 384-3777
Listed By:
Al Avery
(308) 380-2880
Added: Aug 16, 2025
Changed: Aug 3
Last Checked: Aug 12 at 9:06AM
MLS# 20250810
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This fully occupied five-plex includes a garage and is currently rented to tenants. Per the current leasing setup, two units are in lease, while the remaining units operate on a month-to-month basis. The owner pays all utilities. One unit has been remodeled, providing an upgraded option within the property.
The building was constructed in 1935 and sits on a 0.11-acre lot at 422 N Cleburn St in Grand Island, NE. The property is served by public water and public sewer, and it has a composition roof. Appliances listed for the units include a refrigerator and stove.
The floorplan includes multiple bedrooms and bathrooms across the units, with basement space included in the overall room configuration.
The building was constructed in 1935 and sits on a 0.11-acre lot at 422 N Cleburn St in Grand Island, NE. The property is served by public water and public sewer, and it has a composition roof. Appliances listed for the units include a refrigerator and stove.
The floorplan includes multiple bedrooms and bathrooms across the units, with basement space included in the overall room configuration.
Key Highlights
- Fully occupied five‑plex with an on‑site garage
- Two units in lease; remaining units month‑to‑month
- Owner pays all utilities
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,204
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied five-plex with an on-site garage, public utilities, and one remodeled unit.
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 five‑plex with an on‑site garage; Two units in lease; remaining units month‑to‑month; Owner pays all utilities
