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Historic Apartment Building

119 N Colfax Street, West Point, NE 68788

For Sale
Contact for pricing

Elevator service and a shared community room support the building’s 21-unit residential layout.

Property SizeContact for details
Days on Market10

Property Features for 119 N Colfax Street

General Information

Standard status Active
Elevators Yes
Property subtype Multifamily

Units

Unit Mix 1 x studio, 11 x one-bedroom, 9 x two-bedroom
Multifamily Units 21

Amenities

community room

Building Details

Year Built 1920
Stories 3
Listing Agency: CBRE - Omaha
Listed By: Mark Seger · License NE #0810163
Source: Crexi
Added: Nov 4 Changed: Nov 8 Last Checked: Nov 12 at 5:44AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Omaha

Rey
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Investment Insights

Based on property information with market context.

This three-story apartment property in West Point, Nebraska, dates to 1920 and contains 21 residences: one studio, 11 one-bedroom apartments, and nine two-bedroom apartments. An elevator serves the building, which also includes a community room. The restored historic structure retains tall ceilings, large windows, and hardwood flooring, alongside updated apartment interiors.

Key Highlights

  • 21 apartments: 1 studio, 11 one‑bedroom units, and 9 two‑bedroom units
  • Three‑story building constructed in 1920
  • Elevator‑served property with a community room

Property Analytics

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Lease Details

21
Residential units

Location Intelligence

Trade Area within ½ mile

386
Businesses Nearby

Demographics for 68788, NE

4,861
Population
2,085
Households
2.3
Avg Household Size
41
Median Age
24%
College-Educated
88%
High-School Grad
186.9 sq mi
ZIP Area
26
Density / Sq Mi
$67,632
Median Household Income
$43,694
Median Earnings
$827
Median Rent
$217,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Elevator service and a shared community room support the building’s 21-unit residential layout.
Where is this apartment building located?
The property is located at 119 N Colfax Street West Point, NE.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 21 apartments: 1 studio, 11 one‑bedroom units, and 9 two‑bedroom units; Three‑story building constructed in 1920; Elevator‑served property with a community room
(402) 697-5852 Call to check price and availability
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