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    812 Commercial St Palmer, NE 68864

    For Sale
    $199,000

    Ranch, Duplex - Palmer, NE

    Type:Duplex
    Lot size:
    0.09 Acres
    Days on Market:
    21
    Last Refresh:
    Dec 7 at 5:06 pm

    Property Features for 812 Commercial St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2
    Bedrooms
    2
    Bathrooms
    2
    APN
    0006311.01
    Parking features
    None
    Interior features
    Applies To Some Units, Drapes, Furnished, Patio, Living/Dining Combo, Kitchen/Dining Combo, Washer/Dryer Hook-ups, Private Outside Entry, Private Bath, Laminate, Other-see Remarks, Smoke Detector, Firewalls
    EntryLevel
    Unit 1 Level: M
    Appliances
    Dryer, Other, Refrigerator
    Lot size
    0.09 Acres

    Building Details

    Year built
    1997
    Floors in Building
    1
    Number of units
    2
    Roof type
    Composition
    Architectural style
    Ranch

    Keller Williams (402) 328-0200

    Listing agent Lance Reimers (402) 328-0200

    Listing date Nov 17, 2025

    MLS# 20250815 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

    Turnkey Duplex Investment Property

    This turnkey investment property features low taxes and two freshly remodeled units. The units are almost fully furnished, and all electric appliances are included. One unit is currently occupied and rented for $1225 per month, including a TV, end table, and bed. The other unit is in the process of being rented out for $1225 per month as well, potentially generating a total monthly income of $2450. Both units were remodeled down to the studs, with everything new. The property is located in Palmer, NE, on a lot of approximately 0.09 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Building Supply Spa & Massage Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Department Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Palmer
    County
    Merrick
    State
    Nebraska
    Longitude
    -98.25563
    Latitude
    41.222173

    FAQs

    What type of property is this?
    Duplex - Remodeled duplex in Palmer, NE, generating $2450 monthly income.
    Where is this duplex located?
    The property is located at 812 Commercial St Palmer, NE.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: - Turnkey investment property with immediate rental income potential of $2450/month.; - Both units are freshly remodeled down to the studs with all new components.; - Includes appliances (all electric) and is almost fully furnished.
    (402) 328-0200
    Request Owner's contact information
    812 Commercial St Palmer, NE 68864
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    Palmer, NE 68864
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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
    812 Commercial St Palmer, NE 68864
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