618 W 25th Street, Kearney, NE 68845-4339
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618 W 25th Street, Kearney, NE 68845-4339
618 W 25th Street, Kearney, NE 68845-4339
618 W 25th Street, Kearney, NE 68845-4339
618 W 25th Street, Kearney, NE 68845-4339
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Dawn Thompson

Dawn Thompson

+1(308) 830-2835
$ 269,900
Est. payment /mo
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Pending

618 W 25th Street Kearney, NE 68845-4339

4 Beds

3 Baths

3,120 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type SINGLE FAMILY

Listing Status Pending

Purchase Type For Sale

Square Footage 3,120 sqft

Price per Sqft $86

Subdivision Ne

MLS Listing ID 20260826

Style 2

Bedrooms 4

Construction Status Frame

Abv Grd Liv Area 2,160

Total Fin. Sqft 3120

Year Built 1920

Tax Year 2025

Property Sub-Type SINGLE FAMILY

Property Description

This is a strong, multi-family, investment opportunity offered at a current cap rate of 5.75%, with a pro forma of 7.08%, due to an adjustment in utilities. Located just 2 blocks from the University of Nebraska at Kearney campus, the asset is secured by brand new leases from all 4 Tenants, which offers investors stable, growing income. The property benefits from being in a sought-after rental location and is well-suited for buyers seeking predictable income and stable real estate returns. Investment Highlights • Brand leases for all 4 Tenants in place as of June 1, 2026 • Tenants are responsible for snow removal and lawn care. Owner had a family member living there and is currently paying for electricity, natural gas, and water, sewer, and trash. Those utilities could be moved to Tenants' names in the next round of leases, hence the pro-forma. • 4 Tenants at $525 per month = $2,100 per month = $25,200 per year • Annual Expenses: o $3,059.80 – Property Taxes o $3,028 – Insurance o $1,740 – Electric, NPPD o $1,020 – Natural Gas, Northwestern o $840 – Water, Sewer, and Trash, City of Kearney o TOTAL – $9,687.80 • Net Operating Income, current = $25,200 - $9,687.80 = $15,512.20 NOI / $269,900 = 5.75% cap rate • Net Operating Income, pro forma = $25,200 - $6,087.80 = $19,112.20 NOI / $269,900 = 7.08% cap rate

Location

State NE

Area 1 - Nw In Town Kearney (N Of 25 St & W Of 2Nd)

Zoning R-3

Rooms

Basement Full, Fully Finished

Primary Bedroom Level 2

Bedroom 2 2

Bedroom 3 2

Bedroom 4 4

Bedroom 5 4

Living Room 1 21'2 x 15'

Dining Room 1 14'4 x 15' Wood

Kitchen 1 Vinyl Vinyl

Interior

Hot Water 30 Gal+, Gas

Heating Central Air

Cooling Central Air

Heat Source Central Air

Laundry Bedroom Level, Electric

Exterior

Parking Features None

Utilities Available City Water, City Sewer, Natural Gas, Electricity, Cable TV, Telephone

Waterfront Description None

Roof Type Asphalt

Building

Construction Status Frame

Schools

Elementary Schools Central Elementary

Middle Schools Horizon Middle School

High Schools Khs / Kchs

Listed by C21 Midlands

Nearby Locations

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Dawn Thompson

Broker Associate | License ID: 20160398

+1(308) 830-2835 | dawn.thompson@exprealty.com

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618 W 25th Street