5-Unit Apartment
For Sale
$279,900
Pending
1401 S 3rd St, Norfolk, NE 68701
A renovated lower-level apartment adds to a property with long-term tenants in three units.
Property SizeContact for details
Days on Market12
Property Features for 1401 S 3rd St
General Information
Standard status
Pending
Property subtype
Residential Income
Occupancy
100%
Units
Multifamily Units
5
Individually Metered Utilities
electricity
Additional Details
Gross Income
$37,500
Utilities to Site
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$1,819
Listing Agency:
RE/MAX ASSOCIATES
(402) 371-3355
Listed By:
Teri Bauer
(402) 649-1314
Source:
Exprealty
Added: Oct 23
Changed: Oct 28
Last Checked: Nov 3 at 9:01AM
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 RE/MAX ASSOCIATES
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Investment Insights
Based on property information with market context.
This five-unit apartment property includes a recently updated basement apartment. Three units have long-term tenants, while the two upstairs apartments share a bathroom. The property also has a garage and separately metered electricity.
Situated on a corner lot, the building has alley access. The landlord covers common-area electricity, gas for the two water heaters, water, and trash.
Situated on a corner lot, the building has alley access. The landlord covers common-area electricity, gas for the two water heaters, water, and trash.
Key Highlights
- Five apartment units; three have long‑term tenants
- Recently renovated basement apartment
- Two upstairs units share a bathroom
Property Analytics
Who owns this building?
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Lease Details
5
Residential units
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
207
Businesses Nearby
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Business Placement
Demographics for 68701, NE
31,257
Population
13,806
Households
2.3
Avg Household Size
37
Median Age
24%
College-Educated
93%
High-School Grad
188.5 sq mi
ZIP Area
166
Density / Sq Mi
$64,862
Median Household Income
$40,713
Median Earnings
$855
Median Rent
$200,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - A renovated lower-level apartment adds to a property with long-term tenants in three units.
Where is this apartment building located?
The property is located at 1401 S 3rd St Norfolk, NE.
What is the asking price?
The asking price for this property is $279,900.
What are key features of this property?
This property features: Five apartment units; three have long‑term tenants; Recently renovated basement apartment; Two upstairs units share a bathroom
