710 Morehead St Chadron, NE

Investment Opportunity or Ideal Owner-Occupant Setup – Two Homes on One Property | $239,000

Welcome to 710 Morehead Street in Chadron, Nebraska – a rare opportunity to own two separate homes on one property, offering flexibility, income potential, and long-term value. Whether you’re looking for a smart investment or a primary residence with rental income, this property checks all the boxes.

The main home, originally built in 1920, has been well maintained and updated with beautiful new plank flooring on the main level, creating a warm and inviting feel the moment you walk in. The layout offers one bedroom on the main floor, with two additional bedrooms in the finished basement, which is complete with new carpet and a ½ bathroom.

The kitchen comes fully equipped with a refrigerator, electric stove/oven, microwave, dishwasher, along with two dryers, one washer, and a water softener, making it move-in ready. A new furnace installed in recent years adds peace of mind.

Step outside and enjoy a covered back patio, perfect for relaxing and hanging out with friends and family during those beautiful Nebraska summer evenings.

One of the standout features of the main home is the newly added carport on the north side, complete with fresh concrete and space for 2+ vehicles, along with a small shop area off the carport—ideal for storage, hobbies, or workspace.

The second home, built in 2010, is a true bonus and a major value-add to the property. This 2-bedroom, 1-bathroom home offers a modern yet rustic feel, with hardwood-plank flooring on the main level and cozy carpet upstairs.

Upstairs, you’ll find beautiful, blue-stained pine board walls, giving the space a unique and inviting character. The kitchen features hickory cabinets and stainless-steel appliances, including a gas stove, refrigerator, dishwasher, and a washer and dryer.

Additional highlights include:
Metal roof (approx. 10 years old)
Newer windows
Furnace and A/C installed in 2015
PEX plumbing throughout
Excellent insulation using exterior freezer panel outside walls for energy efficiency

This home also has alley access and includes a 264 sq ft insulated garage, perfect for storage, a workshop, or additional rental utility.

Location is key, and this property delivers. You’re just a short distance from:
Chadron State College
A park just down the block
Local amenities, shopping, and downtown Chadron, Nebraska

Property Highlights:
Two separate homes on one lot
Main home: 3 bedrooms (1 up, 2 down), updated flooring, new furnace
Second home: 2 bed / 1 bath, built in 2010
Strong rental income potential
New carport + additional shop space
Alley access to second home
Insulated 264 sq ft garage
7,500 sq ft lot

This is a versatile property that works as a primary residence with supplemental income, a full investment rental, or even a multi-generational setup.

Opportunities like this don’t come around often in Chadron.

Click below for a virtual walkthrough of each property.

Main House-

Second House-