1424 4Th Avenue, Scottsbluff, NE 69361
- $575,000
- 3
- BD
- 11,628
- SqFt
- Sold Price
- $575,000
- List Price
- $650,000
- Closing Date
- May 01, 2026
- MLS#
- 22534087
- Status
- SOLD
- Type
- Multifamily
- City
- Scottsbluff
- Area
- Scotts Bluff
- County
- Scotts Bluff
- Bedrooms
- 3
- Living Area
- 11,628
- Year Built
- 1917
Property Description
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.
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Additional Information
- Basement
- Yes
- Cooling
- Window Unit(s)
- Elementary School
- Other
- Exterior
- Brick
- Fence
- None
- Garage Type
- No Garage
- Heating Type
- Electric, Wall Furnace
- High School
- Other
- Living Area
- 11,628
- Lot Description
- Over 1/4 up to 1/2 Acre, Corner Lot
- Middle School
- Other
- Roof Type
- Flat, Other
- School District
- Other
- Subdivision
- SECOND ADD
- Tax Amount
- $6,743
- Tax Year
- 2023
- Walk Out Basement
- Yes
- Year Built
- 1917
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Listing courtesy of Byowner.com. Selling Office: Non Member office.
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