Triplex with Updated
New
For Sale
$339,900
2219 5th Avenue, Kearney, NE 68845
Three residential units offer varied bedroom and bathroom configurations, with seller-owned kitchen appliances in each.
Property Size3,636 SF
Price / SF$93.48
Days on Market3
Property Features for 2219 5th Avenue
General Information
Standard status
Active
Size
3,636 SF
Property subtype
Multi-Family
Units
Unit Mix
1 x 2BR/1BA, 2 x 3BR/2BA
Multifamily Units
3
Additional Details
Tenant in Place
Yes
Amenities
shared washer and dryer
Building Details
Year Built
1915
Listing Agency:
Rizik Realty Group
Listed By:
Amir Rizik · License #651
(308) 293-6830
Source:
Rootedrealtyne
Added: Nov 1
Last Checked: Nov 3 at 3:48AM
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 Rizik Realty Group
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This triplex contains three units with two- and three-bedroom layouts. Unit 1 has one bathroom, a living area, kitchen, and dining room. Units 2 and 3 each have three bedrooms and two bathrooms; Unit 2 also includes a living room and pantry, while Unit 3 has a dining area. Seller-owned refrigerators, stoves/ovens, and dishwashers are included in all three units, and a shared washer and dryer is located in the common area beside Unit 2.
Property improvements include a roof, siding, and windows, along with an HVAC unit for the main house, a newer water heater, and plumbing and electrical work. The property is located near the University of Nebraska-Kearney, Good Samaritan Hospital, and dining options.
Property improvements include a roof, siding, and windows, along with an HVAC unit for the main house, a newer water heater, and plumbing and electrical work. The property is located near the University of Nebraska-Kearney, Good Samaritan Hospital, and dining options.
Key Highlights
- Three‑unit residential property with two- and three‑bedroom layouts
- Unit 1: two bedrooms and one bathroom; Units 2 and 3: three bedrooms and two bathrooms each
- Seller‑owned refrigerator, stove/oven, and dishwasher in every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,728
Cap Rate
7.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,560
$494.6K
Cap Rate 7%
$353,257
$353.3K
Cap Rate 9%
$274,756
$274.8K
Market Conditions
NOI Build-Up for 3,636 SF
Gross rent
$37.1K $10.20/SF
− Vacancy
−$1.8K −$0.48/SF
EGI
$35.3K $9.72/SF
− OpEx
−$10.6K −$2.91/SF
NOI
$24.7K $6.80/SF
Area
Buffalo County, NE
Vacancy
4.75%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$494,560
Cap Rate 7%
$353,257
Cap Rate 9%
$274,756
Alternative Uses
Best Use
Multifamily LT 5
$353.3K
$309.1K – $412.1K
NOI $24,728 @ 7.0% cap · market cap 7.28%
Second Best
Apartment 5plus
$325.7K
$285.0K – $380.0K
NOI $22,798 @ 7.0% cap · market cap 6.71%
Theoretical Best
Healthcare Medical
$682.5K
$597.2K – $796.2K
NOI $47,773 @ 7.0% cap · market cap 14.06%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Explore this area
Business Placement
Demographics for 68845, NE
20,304
Population
9,057
Households
2.2
Avg Household Size
33
Median Age
41%
College-Educated
94%
High-School Grad
123.7 sq mi
ZIP Area
164
Density / Sq Mi
$75,350
Median Household Income
$39,232
Median Earnings
$896
Median Rent
$274,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Three residential units offer varied bedroom and bathroom configurations, with seller-owned kitchen appliances in each.
Where is this triplex located?
The property is located at 2219 5th Avenue Kearney, NE.
What is the asking price?
The asking price for this property is $339,900.
What are key features of this property?
This property features: Three‑unit residential property with two- and three‑bedroom layouts; Unit 1: two bedrooms and one bathroom; Units 2 and 3: three bedrooms and two bathrooms each; Seller‑owned refrigerator, stove/oven, and dishwasher in every unit
