400 W. 15th Ave, Emporia, KS

Multi-family for Sale - $2,850,000


Agent Info

Christian Keisler
CENTURY 21 Monument Real Estate

Property Info

CIMLS#1184069
Location
  400 W. 15th Ave
  Emporia KS 66801
UpdatedNovember 13th, 2025
TypeMulti-family
Price$2,850,000

Property Description

The Hillcrest Apartments offer investors a rare chance to own a piece of Emporia’s history with modern-day upside. This 34-unit historic property, once part of the original Hillcrest Hospital, has been thoughtfully updated while maintaining its classic character.

Recent improvements include new flooring, fixtures, and select unit renovations, positioning the property for continued rent growth and strong performance. Located just blocks from Emporia State University and the downtown corridor, Hillcrest enjoys consistent occupancy and a desirable tenant mix of professionals, students, and local workforce residents.

With much of the foundational work complete and room to further enhance unit finishes and operations, Hillcrest stands as a stable, income-producing asset with meaningful long-term growth potential.


Financials