For saleReduced $270,000 from $595,000

$325,000

9,450 SF building0.26 acre lotBuilt 1938

114 N Main StreetValentine, NE 69201

Multifamily property · MLS 11589858 · Listed 397 days ago (Oct 3, 2025)

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Active: Listed and available according to the MyStateMLS feed.

About this property

Price Reduced Motivated Seller! Prime Main Street property with 18 unit apartment building ideal for investors seeking a maintained building with significant upside potential. Discover this vintage apartment building constructed in 1938, offering classic architecture and timeless appeal. The three-level structure comprises a total of 18 units, including 12 one-bedroom, 4 two-bedroom, and 2 efficiency apartments. Currently at 60% occupancy, this property presents a great opportunity for value-add investment and future growth. The building also features a full basement with potential to finish as a common area or laundry facility, enhancing tenant amenities and increasing revenue opportunities. Schedule your viewing today of this prime commercial opportunity downtown the Heart City! Legal: OT Lots 15 16 17 Blk 5 Valentine Lot Size: 75'x150' Property Taxes ( 2025): $1,404 Utilities: Electricity is separately metered with each tenant paying their own, except the 2 efficiency units. Common area electricity, propane, trash, & water are provided.

Description provided by the listing brokerage.

Key facts

Asking price
$325,000
Original list price
$595,000
Status
For sale
Property type
MultifamilyFrom the MLS property class
Building area
9,450 SFSource field AboveGradeFinishedArea
Land area
0.26 acresSource field LotSizeSquareFeet
Year built
1938
MLS number
11589858

Facts are reported by the listing brokerage. Items not listed were not provided; that does not mean the property lacks them or that they are zero.

Price

Asking price
$325,000
Price per SF of building
$34/SFAsking price ÷ 9,450 SF reported building area
Annual taxes
$1,404Tax year 2025

Building and site

Building name
Main Street Apartments
Units
18From the listing description
Stories
2
Reported zoning
CommercialAs reported by the listing. Confirm permitted uses for your plans with the local zoning authority.
County
Cherry County

Investment figures reported in the description

Occupancy
60% (described as actual or current)"…ency apartments. currently at 60% occupancy, this property presents a gre…"

These figures are as written by the listing agent, without a stated period or supporting statements. Commercial Only does not calculate or verify them. Ask for rent rolls, operating statements and leases before relying on any figure.

Reported features

  • Public water (from a listing field)

A mention is not a specification. Confirm power, clear height, doors, parking and code compliance for your use with the listing representative and your own advisers.

Listing details

Flooring

  • Linoleum
  • Hardwood
  • Carpet

Basement

  • Partially Finished

Heating

  • Forced Air
  • Propane

Construction

  • Brick

Roof

  • Flat

Water

  • Public (Water Source)

Sewer

  • Other

Location

The pin is the listing's reported coordinates and may be approximate. It is not a parcel boundary or survey and says nothing about access rights, easements or flood zones. See more listings in Valentine or multifamily property in Valentine.

Why this listing is on Commercial Only

  • Multi-unit income property class. (PropertyTypeDetail: multi-5-plus)

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Price and status history

  • Original list price reported by the brokerage: $595,000

Changes observed by Commercial Only in MyStateMLS data since Nov 3, 2026. This is not a public-record sales or lease history.

Guides

Listing courtesy of Stracke Land & Realty. Listing agent: Janelle Johnson. Listings provided by MyStateMLS.

Listing last modified at the source Oct 8, 2026, 2:01 PM UTC. Commercial Only last confirmed MyStateMLS data Nov 4, 2026, 8:00 AM UTC. Information is deemed reliable but not guaranteed; verify all details with the listing representative.