Listing provided courtesy of C21 Midlands- MLS# 20260826
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Request Info618 W 25th StreetKearney, NE 68845
Single Family · 3,120 Sq. ft.$269,900
PENDING
618 W 25th Street Overview
- Time on Site:
- 25 days
- Visits:
- 0
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
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618 W 25th Street Facts & Features
- Type Single Family
- Sq. ft. 3,120
- Price/Sq.ft. $87
Details
General
Association/HOA
- Association Fee: None
School Information
- Elementary School: Central Elementary
- Middle Or Junior School: Horizon Middle School
- High School: KHS / KCHS
Building Information
- Year Built: 1920
Location/Region
- MLS Area Major: 1 - NW in Town Kearney (N of 25 St & W of 2nd)
Tax Information
- Tax Annual Amount: $3,059.80
- Tax Year: 2025
General Information
- Parcel Number: 604820000
- Property Sub Type: SINGLE FAMILY
- Property Type: RESIDENTIAL
- Zoning: R-3
Interior
Parking Information
- Garage Spaces: 0
Beds/Baths
- Bathrooms Total: 3
Building Interior
- Above Grade Finished Area: 1401-1600
General Information
- Basement: Full,Fully Finished
- Living Area: 3120
Exterior
Waterfront/View
- Waterfront Features: None
Building Exterior/Construction
- Architectural Style: 2
- Construction Materials: Frame
- Roof: Asphalt
General Information
- Exterior Features: Vinyl Siding
- Other Structures: Detached Garage
- Road Frontage Type: City Maintained,Sidewalk
- Utilities: City Water,City Sewer,Natural Gas,Electricity,Cable TV,Telephone
618 W 25th Street Neighborhood
Community
68845 (KEARNEY) Demographics
30
Median Age
199
Population Density (per sq. mile)
48%
College Educated
$68,372
Estimated Median Income
4,948
Estimated Total Home Owners
3,463
Estimated Total Renters
59% / 41%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.618 W 25th Street Monthly Cost
618 W 25th Street Market Data
Based on the last 30 days in this zip code
$530,800
Average List Price
$180
Average Price per Square Foot
16
Properties Sold
65
Average Days on Market
61
Properties for Sale
618 W 25th Street History
| Date | Value | Agent |
|---|---|---|
| 6/10/2026Source: Greater Mid-Nebraska MLS | PENDING |
|
| 6/4/2026Source: Greater Mid-Nebraska MLS | $269,900 -10.0% |
|
| 6/4/2026Source: Greater Mid-Nebraska MLS | June 04, 2026 |