823 W 22nd St, Kearney, NE, 68845
About This Home
8-unit multifamily conversion (City of Kearney Registered) investment opportunity with strong gross rental income of $6,400/month! Property consists of 1, 2, and 3-bedroom units with individual bathrooms. Value add opportunity with additional (9th) unit in basement that is currently being used as an office. Unit details and individual lease rates are located on the rent roll in associated docs. Owner pays all utilities, averaging around $1,300/month. Please consult with your agent for extra due-diligence information.
Getting Around
Very Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1900
Materials
- Roof: Asphalt
- Construction materials: Frame
Type & Style
- Home type: MultiFamily
- Property subType: Apartment
Interior
Appliances
- Appliances included: Applies To All,Refrigerator,Stove
Bedrooms & Bathrooms
- Bedrooms: 12
- Bathrooms: 8
Features
- Private Bath
- Window features: Drapes
- Flooring: Carpet
Heating & Cooling
- Heating features: Common Heat
- Cooling features: Common Air Conditioner
Property
Details
- Parcel number: 601363000
- Zoning: R-1
Features
- Levels: Two
- Stories: 2
Lot
- Lot size: 0.26 Acres
Parking
- Parking features: No Garage
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
- Lightning
- Strong Wind
- Ice Storm
- Tornado
- Winter Weather
- Heat Wave
How This Home’s Risks Compare
FEMA Declared Disasters Across Nebraska Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,275 | $27,300 |
| Home Insurance | $400 | $4,800 |
| Property Taxes | $621 | $7,452 |
| Electricity | $124 | $1,493 |
| Total | $3,420 | $41,040 |
Income You'd Need if You Spent...
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-29 | Price change | $450,000 |
| 2026-01-30 | Price change | $499,000 |
| 2025-11-18 | Listed for sale | $525,000 |
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