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701 W 28th St, Kearney, NE, 68845

5beds
3baths
2,477sqft
$269,900
$109price/sqft
$2,125/moest. monthly cost
$85,000/yrincome needed

About This Home

Here is your opportunity to own a great investment property(Triplex), zoned R2, in the heart of Kearney and just a few blocks from UNK, the hospital, and downtown. This fully occupied multifamily property offers three separate units and a detached one-car garage. There are two separate gas and electricity meters: one for the main floor and basement and one for the third unit. Unit #1 offers three bedrooms and one bathroom, while units #2 and #3 offer one bedroom and one bathroom. The detached car garage is being used by the owners. Three units have year-to-year leases in place and generate a total of $27,120 in income a year. Some of the updates this income-producing property offers include a brand-new AC and furnace, a few newer windows, an updated electrical panel, some updated plumbing, and a newer roof. Call to schedule your private tour. A 24- 48-hour notice is required for all showings.

Getting Around

67
WalkingSomewhat Walkable
0
TransitVery Limited Transit
54
BikeBikeable

Schools

8/10
Park Elementary SchoolGrades PK-50.1 mi
7/10
Horizon Middle SchoolGrades 6-80.5 mi
6/10
Kearney Sr High SchoolGrades 9-122.3 mi

Construction

Condition

  • Year built: 1930

Materials

  • Roof: Asphalt
  • Construction materials: Frame

Type & Style

  • Home type: MultiFamily
  • Architectural style: Ranch
  • Property subType: Triplex

Interior

Appliances

  • Appliances included: Refrigerator,Stove,Dishwasher
  • Laundry features: Washer/Dryer Hookups

Basement

  • Has basement: Yes

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 3

Interior Area

  • Total structure area: 2,477
  • Total interior livable area: 2,477 sqft

Property

Details

  • Parcel number: 604523000
  • Zoning: R2

Features

  • Stories: 1
  • Entry location: Main Level

Lot

  • Lot size: 6,534 sqft
  • Lot size dimensions: 50'X130'

Parking

  • Total spaces: 1
  • Parking features: Detached
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hail
    HailVery High
  • Lightning
    LightningVery High
  • Strong Wind
    Strong WindVery High
  • Ice Storm
    Ice StormRelatively High
  • Tornado
    TornadoRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Hail
Lightning
Strong Wind
Ice Storm
Tornado
Winter Weather
Heat Wave

FEMA Declared Disasters Across Nebraska Counties

Fire
Flood
Severe Storm
Straight Line Winds
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,364$16,368
Home Insurance $240$2,880
Property Taxes $369$4,428
Electricity $152$1,834
Total$2,125$25,500

Income You'd Need if You Spent...

35% on housing$72,857/yr
40% on housing$63,750/yr
45% on housing$56,666/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.4%
11.4%
0%30.0%
Electricity Growth Rate10-year average: 1.9%
1.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.4%
0.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$109This listing

vs Other Active Listings

Avg $/sqft

ZIP 68845$165
Buffalo County$140

vs Homes Sold Last Month

Median $/sqft

ZIP 68845$148
Buffalo County$133

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-08-07Pending sale$269,900
2026-07-24Listed for sale$269,900

For Sale by Agent

AgentAmir Rizik
BrokerageRizik Realty Group

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