Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

1424 4th Ave, Scottsbluff, NE, 69361

3beds
--baths
11,628sqft
$650,000
$56price/sqft
$5,682/moest. monthly cost
$227,280/yrincome needed

About This Home

This well-maintained 12-unit property offers a diverse mix of units: six 1-bed/1-bath, four 2-bed/1-bath, and two 2-bed/2-bath apartments. Constructed with an all-brick exterior, the building ensures low-maintenance costs and durability. Boasting a consistent history of 100% long-term occupancy, this property delivers a remarkable ROI of 12-15%. Its prime location supports steady demand, sitting just 3 hours north of Denver, CO, 1 hour from Cheyenne, WY—home to the famous Frontier Days—and 3 hours from South Dakota’s Black Hills tourism. Rental incomes available upon request. The local economy is bolstered by thriving nursing and radiology colleges, a Trauma II hospital, and community colleges. This steady market provides insulation from typical real estate fluctuations. Whether you're a seasoned investor or looking for a stable, high-yield opportunity, this multi-family property is a reliable asset in a growth-driven region.

Getting Around

77
WalkingVery Walkable
0
TransitVery Limited Transit
49
BikeSomewhat Bikeable

Schools

6/10
6/10
Bluffs Middle SchoolGrades 6-80.7 mi
3/10

Construction

Condition

  • Property condition: Not New and NOT a Model
  • Year built: 1917

Materials

  • Foundation: Concrete Perimeter
  • Roof: Flat,Other
  • Construction materials: Brick

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Range,Refrigerator,Water Softener

Basement

  • Has basement: Yes
  • Basement: Walk-Out Access

Bedrooms & Bathrooms

  • Bedrooms: 3

Heating & Cooling

  • Heating features: Electric,Wall Furnace
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 11,628
  • Total interior livable area: 11,628 sqft

Property

Details

  • Parcel number: 010142576

Features

  • Levels: Two
  • Patio & porch: Enclosed Porch
  • Fencing: None

Lot

  • Lot size: 7,000 sqft
  • Features: Over 1/4 up to 1/2 Acre,Corner Lot
  • Lot size dimensions: 50' x 140'