Duplex with Separate
For Sale
$240,000
233-235 N Boggs Ave, Grand Island, NE 68803
Residential Income, Ranch, Bungalow, Grand Island, NE
Property Size1,364 SF
Lot Size0.23 Acres
Price / SF$175.95
Days on Market94
Property Features for 233-235 N Boggs Ave
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 2, Bathroom 3, Bedroom 3, Basement
Appliances
Applies to All Units, Refrigerator, Stove
Elementary school
Jefferson
Middle school
Walnut
High school
Grand Island Senior High
Subdivision
NW
Standard status
Active
APN
400070251
Size
1,364 SF
Lot size
0.23 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
electricity
Taxes and HOA fees
Tax Year
2025
Tax Description
PACKER & BARR'S SECOND ADD S 1/2 LT 8 & ALL LT 9 BLK18
Tax Annual Amount
2052
Legal Description
PACKER & BARR'S SECOND ADD S 1/2 LT 8 & ALL LT 9 BLK18
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1916
Number of units
2
Roof type
Composition
Architectural style
Bungalow, Ranch
Listing Agency:
Keller Williams Heartland · Keller Williams Realty
(402) 328-0200
Listed By:
Rosa John
(308) 258-2523
Added: Aug 5
Changed: Oct 29
Last Checked: Nov 6 at 9:06AM
MLS# 20262837
Copyright © 2026 Grand Island Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1916, this duplex contains two separate residences on a 0.2314-acre lot. The larger home has three bedrooms and two bathrooms, along with two additional non-conforming bedrooms in the basement. Its interior updates include new flooring and carpet, renovated bathrooms, and updated electrical and plumbing; the home also has a new AC unit.
The second residence is a tenant-occupied one-bedroom, one-bathroom house with its own entrance and driveway. Each unit is responsible for its own heat and electric, and each has a separate electrical meter. Refrigerators and stoves are listed for all units.
The second residence is a tenant-occupied one-bedroom, one-bathroom house with its own entrance and driveway. Each unit is responsible for its own heat and electric, and each has a separate electrical meter. Refrigerators and stoves are listed for all units.
Key Highlights
- Two‑unit property on a 0.2314‑acre lot
- Built in 1916
- Larger residence has 3 bedrooms, 2 bathrooms, and 2 non‑conforming basement bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,317
Cap Rate
4.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$206,340
$206.3K
Cap Rate 7%
$147,386
$147.4K
Cap Rate 9%
$114,633
$114.6K
Market Conditions
NOI Build-Up for 1,364 SF
Gross rent
$15.5K $11.40/SF
− Vacancy
−$812 −$0.60/SF
EGI
$14.7K $10.80/SF
− OpEx
−$4.4K −$3.24/SF
NOI
$10.3K $7.56/SF
Area
Hall County, NE
Vacancy
5.22%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$206,340
Cap Rate 7%
$147,386
Cap Rate 9%
$114,633
Alternative Uses
Best Use
Multifamily LT 5
$147.4K
$129.0K – $172.0K
NOI $10,317 @ 7.0% cap · market cap 4.30%
Second Best
Apartment 5plus
$136.1K
$119.1K – $158.8K
NOI $9,528 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$341.4K
$298.7K – $398.3K
NOI $23,895 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
922
Businesses Nearby
Explore this area
Business Placement
Demographics for 68803, NE
26,487
Population
11,188
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
87%
High-School Grad
86.9 sq mi
ZIP Area
305
Density / Sq Mi
$70,040
Median Household Income
$44,795
Median Earnings
$888
Median Rent
$224,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer distinct living spaces, and the one-bedroom home is currently tenant occupied.
Where is this duplex located?
The property is located at 233-235 N Boggs Ave Grand Island, NE.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Two‑unit property on a 0.2314‑acre lot; Built in 1916; Larger residence has 3 bedrooms, 2 bathrooms, and 2 non‑conforming basement bedrooms
