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8-Unit Apartment Building with New Roof
For Sale
$399,900

823 W 22nd St, Kearney, NE 68845

City-registered multifamily conversion offering varied bedroom layouts and a basement area currently configured as an office.

Property SizeContact for details
Days on Market286

Property Features for 823 W 22nd St

General Information

Standard status Active
Property subtype Residential Income

Additional Details

Gross Income $76,800
Multifamily Units 8

Taxes and HOA fees

Annual Taxes $3,376
Listing Agency: C21 Midlands
Listed By: Drew Zaruba
Source: Exprealty
Added: Nov 18, 2025 Changed: Aug 30 Last Checked: Aug 30 at 9:10PM

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 C21 Midlands

Investment Insights

Based on property information with market context.

This City of Kearney-registered multifamily conversion contains 8 apartments with a mix of 1-, 2-, and 3-bedroom floor plans. Each apartment includes its own bathroom, providing distinct residential layouts within the building. The property also has a Class III roof that is newly installed.

A basement area identified as a potential 9th unit is currently used as an office. The owner pays all utilities, and individual lease information is available in the associated rent roll. The combination of established apartment count, varied unit sizes, and additional basement space provides a clear configuration for due diligence and ongoing management.

Key Highlights

  • 8‑unit multifamily conversion registered with the City of Kearney
  • New Class III roof
  • Mix of 1-, 2-, and 3‑bedroom apartments

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Bakery (Bike/Boat/Book/etc) Store Dental Office Grocery & Convenience Store Florist

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

8
Residential units

Location Intelligence

Trade Area within ½ mile

942
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - City-registered multifamily conversion offering varied bedroom layouts and a basement area currently configured as an office.
Where is this apartment building located?
The property is located at 823 W 22nd St Kearney, NE.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 8‑unit multifamily conversion registered with the City of Kearney; New Class III roof; Mix of 1-, 2-, and 3‑bedroom apartments
More about this property
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