Search
5-Unit Apartment Building
New
For Sale
$260,000

1416 W 3rd Street, Grand Island, NE 68801

MULTIFAMILY, Grand Island, NE

Property SizeContact for details
Days on Market1

Property Features for 1416 W 3rd Street

General Information

Property type Residential Multi Family
Property subtype Other
Rooms Basement
Parking 3
Parking features Garage - Detached, Off Street
Subdivision Kernohan & Decker's Addition
Directions Consult GPS
Standard status Active
APN 400051648

Taxes and HOA fees

Tax Year 2025
Tax Description KERNOHAN & DECKER'S ADD LT 6 BLK 8
Tax Annual Amount 3174
Legal Description KERNOHAN & DECKER'S ADD LT 6 BLK 8

Building Details

Year built 1926
Number of units 5
Listing Agency: Keller Williams Lincoln · Keller Williams Realty
Listed By: Trevor Clifton
Added: Aug 24 Last Checked: Aug 24 at 7:06PM
MLS# 22624319

Copyright © 2026 Great Plains Regional 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 1926, this five-unit apartment property includes basement space and a practical parking setup with a detached garage and additional off-street parking.

The property is near downtown Grand Island, with shopping, dining, entertainment, and other local amenities accessible from the surrounding area. Its multifamily configuration provides a defined residential income property profile for an investor evaluating an established apartment asset.

Key Highlights

  • Five‑unit apartment property
  • Built in 1926
  • Detached garage included

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Grocery & Convenience Store Auto Parts Store (Bike/Boat/Book/etc) Store Tech Support Center

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

5
Residential units

Location Intelligence

Trade Area within ½ mile

805
Businesses Nearby

Demographics for 68801, NE

30,440
Population
11,684
Households
2.6
Avg Household Size
34
Median Age
17%
College-Educated
81%
High-School Grad
90.0 sq mi
ZIP Area
338
Density / Sq Mi
$63,214
Median Household Income
$37,995
Median Earnings
$931
Median Rent
$186,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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 - Multifamily property with a detached garage, off-street parking, and basement space.
Where is this apartment building located?
The property is located at 1416 W 3rd Street Grand Island, NE.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Five‑unit apartment property; Built in 1926; Detached garage included
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message