Triplex with 100%
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For Sale
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701 West 28th Street, Kearney, NE 68845
Triplex investment with 100% occupancy and a 1930 vintage.
Property Size2,477 SF
Price / SF$108.96
Days on Market5
Property Features for 701 West 28th Street
General Information
Standard status
Active
Size
2,477 SF
Property subtype
Multifamily
Occupancy
100%
Building Details
Year Built
1930
Tenancy
Multi
Listing Agency:
Rizik Realty Group
Listed By:
Amir Rizik · License #NE 20220094
Source:
Crexi
Added: Jul 26
Changed: Jul 29
Last Checked: Jul 29 at 9:27PM
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
Investment Insights
Based on property information with market context.
This triplex investment property is offered with 100% occupancy. The building totals 2,477 SF and was constructed in 1930.
Located at 701 West 28th Street in Kearney, NE 68845, the property is positioned as a ready-to-rent residential income option for buyers seeking a multi-unit setup with current in-place occupancy.
Located at 701 West 28th Street in Kearney, NE 68845, the property is positioned as a ready-to-rent residential income option for buyers seeking a multi-unit setup with current in-place occupancy.
Key Highlights
- 2,477 SF triplex investment property
- 100% occupancy
- Built in 1930
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $25.3k | $10.20 |
| − Vacancy | −$1.2k | −$0.48 |
| EGI | $24.1k | $9.72 |
| − OpEx | −$7.2k | −$2.91 |
| NOI | $16.8k | $6.80 |
2,477 SF · lease $10.20/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$240.7K
$210.6K – $280.8K
NOI $16,846 @ 7.0% cap · market cap 6.24%
Second Best
Apartment 5plus
$221.9K
$194.1K – $258.9K
NOI $15,531 @ 7.0% cap · market cap 5.75%
Theoretical Best
Healthcare Medical
$464.9K
$406.8K – $542.4K
NOI $32,545 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,359
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Triplex investment with 100% occupancy and a 1930 vintage.
Where is this triplex located?
The property is located at 701 West 28th Street Kearney, NE.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: 2,477 SF triplex investment property; 100% occupancy; Built in 1930
