Three-Story Apartment
For Sale
$425,000
114 N Main Street, Valentine, NE 69201
COMMERCIAL - Valentine, NE
Lot Size0.26 Acres
Days on Market301
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
Propane (Heating), Forced Air
Water source
Public
Building Details
Year built
1938
Floors in Building
2
Flooring type
Hardwood, Carpet, Linoleum
Building materials
Brick
Roof type
Flat
Listing Agency:
Stracke Land & Realty
(402) 340-2990
Listed By:
Janelle Johnson
(402) 340-2990
Added: Oct 3, 2025
Changed: Jul 30
Last Checked: Jul 30 at 7:06PM
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.
This three-level apartment building was constructed in 1938 and contains 18 total units. The unit mix includes twelve one-bedroom apartments, four two-bedroom apartments, and two efficiency apartments. A full basement is also included, with potential to finish as a common area or laundry facility to support tenant convenience.
The property is located at 114 N Main Street in Valentine, Nebraska, on a 75’ x 150’ lot. The current operating profile shows approximately 60% occupancy. Property taxes for 2024 are listed at $1,460.68. Electricity is separately metered with each tenant paying their own usage, with the exception of the two efficiency units. Common area expenses are described as including propane, trash, and water, along with common area electricity.
For investors or operators seeking a manageable multifamily asset, the building’s established unit mix and maintained configuration provide a straightforward operating base. The basement represents an identified opportunity to add shared amenities through finish-out, and the current occupancy level provides a clear snapshot of present-day leasing performance.
The property is located at 114 N Main Street in Valentine, Nebraska, on a 75’ x 150’ lot. The current operating profile shows approximately 60% occupancy. Property taxes for 2024 are listed at $1,460.68. Electricity is separately metered with each tenant paying their own usage, with the exception of the two efficiency units. Common area expenses are described as including propane, trash, and water, along with common area electricity.
For investors or operators seeking a manageable multifamily asset, the building’s established unit mix and maintained configuration provide a straightforward operating base. The basement represents an identified opportunity to add shared amenities through finish-out, and the current occupancy level provides a clear snapshot of present-day leasing performance.
Key Highlights
- 1938 brick, three‑level 18‑unit apartment building with a total of 12 one‑bedroom, 4 two‑bedroom, and 2 efficiency units
- Currently 60% occupancy
- Full basement with potential to finish for a common area or laundry facility
Property Analytics
Property Profile
Current Use
Lease Details
18
Residential units
60%
Occupancy
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained 18-unit building on Main Street with 60% occupancy and a full basement offering room to expand amenities.
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 $425,000.
What are key features of this property?
This property features: 1938 brick, three‑level 18‑unit apartment building with a total of 12 one‑bedroom, 4 two‑bedroom, and 2 efficiency units; Currently 60% occupancy; Full basement with potential to finish for a common area or laundry facility
