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18-Unit Brick Apartment Building
For Sale
$395,000

114 N Main Street, Valentine, NE 69201

Business Opportunity, Valentine, NE

Property SizeContact for details
Lot Size0.26 Acres
Days on Market341

Property Features for 114 N Main Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning description Commercial
Security features Security System
Standard status Active
Lot size 0.26 Acres

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 1461

Utilities

Heating system Forced Air, Propane (Heating)
Water source Public

Building Details

Year built 1938
Floors in Building 2
Flooring type Carpet, Linoleum, Hardwood
Building materials Brick
Roof type Flat
Listing Agency: Stracke Land & Realty
Listed By: Janelle Johnson
Added: Oct 3, 2025 Changed: Sep 7 Last Checked: Sep 8 at 8:06AM
MLS# 11589858

Copyright © 2026 My State 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.

Built in 1938, this three-level brick apartment building contains 18 units: 12 one-bedroom apartments, 4 two-bedroom apartments, and 2 efficiency units. The property sits on a 0.2583-acre lot measuring 75' x 150' and includes a full basement that may accommodate additional common-area or laundry use. Interior finishes include hardwood, carpet, and linoleum flooring, with flat roofing and forced-air propane heat.

Located at 114 N Main Street in Valentine, Nebraska, the property has public water and separately metered electricity for each tenant except the two efficiency units. Common-area electricity, propane, trash, and water are provided. Current occupancy is 60%.

Key Highlights

  • 18 units with 12 one‑bedroom, 4 two‑bedroom, and 2 efficiency apartments
  • Three‑level brick building constructed in 1938
  • 0.2583‑acre lot measuring 75' x 150'

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Pharmacy Kitchen & Bath Showroom Plumbing Service Real Estate Agency (Bike/Boat/Book/etc) Store

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

18
Residential units
60%
Occupancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

431
Businesses Nearby

Demographics for 69201, NE

4,143
Population
2,086
Households
2
Avg Household Size
42
Median Age
21%
College-Educated
97%
High-School Grad
1,605.6 sq mi
ZIP Area
3
Density / Sq Mi
$58,808
Median Household Income
$36,660
Median Earnings
$859
Median Rent
$141,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Apartment building - Three-level apartment property with a varied unit mix, full basement, and individually metered electricity for most residences.
Where is this apartment building located?
The property is located at 114 N Main Street Valentine, NE.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 18 units with 12 one‑bedroom, 4 two‑bedroom, and 2 efficiency apartments; Three‑level brick building constructed in 1938; 0.2583‑acre lot measuring 75' x 150'
More about this property
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