Updated Duplex With Two 3-Bedroom
For Sale
$449,900
Pending
3908-3910 Fairacres Road, Kearney, NE 68845
Both residences offer refreshed kitchens, living spaces, private decks, and individually fenced outdoor areas.
Property Size3,138 SF
Days on Market50
Property Features for 3908-3910 Fairacres Road
General Information
Standard status
Pending
Size
3,138 SF
Property subtype
Multi-Family
Building Details
Year Built
1982
Listing Agency:
Coldwell Banker Town & Country
Listed By:
Kelsey Janssen · License #377
(308) 293-5536
Source:
Rootedrealtyne
Added: Sep 12
Changed: Oct 25
Last Checked: Oct 30 at 11:14AM
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 Coldwell Banker Town & Country
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.
This 3,138-square-foot duplex contains two three-bedroom residences. The north unit includes 2.5 bathrooms, while the south unit has two bathrooms. Both sides feature refreshed kitchen and living areas, basement fireplaces, and private rear decks. Vinyl fencing and rear gates define the outdoor areas for each residence.
The property combines brick accents, hardboard siding, front porches, and garage doors replaced in 2020. Significant exterior work includes a 2020 roof, gutters, and soffit, along with siding, deck railing, and front-door replacements completed in November 2020. Interior improvements include kitchen updates and new windows from 2017. Built in 1982, the duplex is located at 3908-3910 Fairacres Road in Kearney, Nebraska.
The property combines brick accents, hardboard siding, front porches, and garage doors replaced in 2020. Significant exterior work includes a 2020 roof, gutters, and soffit, along with siding, deck railing, and front-door replacements completed in November 2020. Interior improvements include kitchen updates and new windows from 2017. Built in 1982, the duplex is located at 3908-3910 Fairacres Road in Kearney, Nebraska.
Key Highlights
- Two‑unit duplex with 3,138 square feet
- North residence offers 3 bedrooms and 2.5 bathrooms
- South residence includes 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,341
Cap Rate
4.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$426,820
$426.8K
Cap Rate 7%
$304,871
$304.9K
Cap Rate 9%
$237,122
$237.1K
Market Conditions
NOI Build-Up for 3,138 SF
Gross rent
$32.0K $10.20/SF
− Vacancy
−$1.5K −$0.48/SF
EGI
$30.5K $9.72/SF
− OpEx
−$9.1K −$2.91/SF
NOI
$21.3K $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%
$426,820
Cap Rate 7%
$304,871
Cap Rate 9%
$237,122
Alternative Uses
Best Use
Multifamily LT 5
$304.9K
$266.8K – $355.7K
NOI $21,341 @ 7.0% cap · market cap 4.74%
Second Best
Apartment 5plus
$281.1K
$245.9K – $327.9K
NOI $19,675 @ 7.0% cap · market cap 4.37%
Theoretical Best
Healthcare Medical
$589.0K
$515.4K – $687.2K
NOI $41,229 @ 7.0% cap · market cap 9.16%
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
Location Intelligence
Trade Area within ½ mile
288
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
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 - Both residences offer refreshed kitchens, living spaces, private decks, and individually fenced outdoor areas.
Where is this duplex located?
The property is located at 3908-3910 Fairacres Road Kearney, NE.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Two‑unit duplex with 3,138 square feet; North residence offers 3 bedrooms and 2.5 bathrooms; South residence includes 3 bedrooms and 2 bathrooms
