340 E 14th St
Alliance, NE 69301
Studio
6,466 sqft (on 0.30 acres)
Studio
6,466 sqft
(on 0.30 acres)
Local Information
- Map ViewExplore the area around 340 E 14th St.
- Schools1 Preschool School2 Elementary Schools1 Middle School1 High School
- Shop & Eat
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Description
Hillcrest 8-Unit Multifamily Investment
340 E. 14th Street | Alliance, Nebraska
Investment Overview
Hillcrest Apartments presents an exceptional opportunity to acquire a professionally maintained 8-unit multifamily investment property in the growing regional community of Alliance, Nebraska. Offering a desirable unit mix of six 2-bedroom, 1-bath apartments and two 1-bedroom, 1-bath apartments, this income-producing asset combines stable in-place cash flow with meaningful upside through future rental growth.
Positioned in an established residential neighborhood near schools, parks, healthcare, and major employers, Hillcrest Apartments has consistently attracted long-term tenants and has benefited from Alliance's steady demand for affordable housing. With numerous recent capital improvements already completed, investors can focus on maximizing returns rather than deferred maintenance.
Whether expanding an existing portfolio or completing a 1031 exchange, Hillcrest Apartments represents an attractive opportunity to acquire a well-maintained multifamily asset with proven performance and long-term appreciation potential.
Investment Highlights
8-Unit Multifamily Investment
6 Two-Bedroom / 1-Bath Apartments
2 One-Bedroom / 1-Bath Apartments
Strong occupancy history
Tenants pay all utilities
Individual mini-split air conditioning systems
Electric baseboard heating in every unit
Refrigerator, electric range/oven and dishwasher included in each apartment
Coin-operated laundry facility provides additional income potential
Underground sprinkler system
Ample off-street parking
Professionally maintained common areas
Excellent location in Alliance, Nebraska
Recent Capital Improvements
Ownership has continued investing in the property, reducing near-term capital expenditure requirements for the next owner.
Recent improvements include:
New roof shingles (approximately three years ago)
Four new dishwashers
New hot water heaters
Ongoing maintenance and mechanical improvements
Well-maintained landscaping with underground sprinkler system
These improvements position the property for continued long-term performance while minimizing immediate capital needs.
Apartment Features
Each apartment has been designed with functionality and tenant comfort in mind and includes:
Spacious living room
Functional kitchen with dining area
Refrigerator
Electric range and oven
Dishwasher
Two-bedroom or one-bedroom floor plan
Full bathroom
Electric baseboard heating
Individual mini-split air conditioning system
Large windows providing abundant natural light
Dedicated storage and closet space
The practical floor plans continue to appeal to a broad tenant base, supporting consistent occupancy and tenant retention.
Investment Advantages
Hillcrest Apartments offers investors many of the characteristics sought after in today's multifamily market.
Stable Income
The property has maintained a strong rental history and continues to benefit from steady demand for affordable housing within Alliance.
Efficient Operating Structure
One of Hillcrest's strongest advantages is its expense profile.
Tenants pay their own electric utilities.
Individual heating and cooling systems eliminate the need for central HVAC maintenance.
Durable brick construction minimizes exterior maintenance.
On-site laundry offers additional income opportunities.
This efficient operating model helps maximize net operating income while reducing ownership responsibilities.
Value-Add Opportunity
Hillcrest Apartments provides investors with the opportunity to increase value through thoughtful rent growth over time while maintaining strong occupancy. As rental demand continues throughout western Nebraska, future ownership has the opportunity to improve cash flow through strategic property management and market-based rental adjustments.
Location
Located at 340 East 14th Street, Hillcrest Apartments enjoys an excellent location within Alliance, offering tenants convenient access to many of the community's amenities.
Nearby destinations include:
Alliance Public Schools
Central Park
Box Butte General Hospital
Western Nebraska Community College
Grocery stores and retail shopping
Restaurants and local businesses
Downtown Alliance
Recreational facilities
Major employers
Its central location provides tenants with convenient access to employment, healthcare, education, shopping, and recreation, helping support long-term occupancy.
Why Invest in Alliance, Nebraska?
Alliance serves as the commercial, healthcare, and transportation hub of western Nebraska. Home to approximately 8,000 residents, the community benefits from a diverse employment base that includes healthcare, education, transportation, agriculture, manufacturing, and retail.
Major employers include BNSF Railway, Box Butte General Hospital, Western Nebraska Community College, and numerous regional agricultural businesses. The city's affordability, quality schools, and strong sense of community continue to attract residents seeking stable housing options.
In addition to its economic foundation, Alliance offers an outstanding quality of life with numerous parks, recreational facilities, local restaurants, golf, shopping, and community events throughout the year. Outdoor enthusiasts also enjoy easy access to western Nebraska's hunting, fishing, hiking, and scenic landscapes.
For investors, Alliance represents a stable secondary market with consistent rental demand, attractive entry pricing, and long-term growth potential.
Investment Summary
Hillcrest Apartments represents a rare opportunity to acquire a well-maintained multifamily asset offering immediate cash flow, recent capital improvements, efficient operating expenses, and future upside. The combination of a desirable unit mix, strong rental history, and strategic location makes this property an attractive addition to any investment portfolio.
Whether you're seeking stable income, long-term appreciation, or a quality 1031 exchange opportunity, Hillcrest Apartments is positioned to deliver lasting investment value.
340 E. 14th Street | Alliance, Nebraska
Investment Overview
Hillcrest Apartments presents an exceptional opportunity to acquire a professionally maintained 8-unit multifamily investment property in the growing regional community of Alliance, Nebraska. Offering a desirable unit mix of six 2-bedroom, 1-bath apartments and two 1-bedroom, 1-bath apartments, this income-producing asset combines stable in-place cash flow with meaningful upside through future rental growth.
Positioned in an established residential neighborhood near schools, parks, healthcare, and major employers, Hillcrest Apartments has consistently attracted long-term tenants and has benefited from Alliance's steady demand for affordable housing. With numerous recent capital improvements already completed, investors can focus on maximizing returns rather than deferred maintenance.
Whether expanding an existing portfolio or completing a 1031 exchange, Hillcrest Apartments represents an attractive opportunity to acquire a well-maintained multifamily asset with proven performance and long-term appreciation potential.
Investment Highlights
8-Unit Multifamily Investment
6 Two-Bedroom / 1-Bath Apartments
2 One-Bedroom / 1-Bath Apartments
Strong occupancy history
Tenants pay all utilities
Individual mini-split air conditioning systems
Electric baseboard heating in every unit
Refrigerator, electric range/oven and dishwasher included in each apartment
Coin-operated laundry facility provides additional income potential
Underground sprinkler system
Ample off-street parking
Professionally maintained common areas
Excellent location in Alliance, Nebraska
Recent Capital Improvements
Ownership has continued investing in the property, reducing near-term capital expenditure requirements for the next owner.
Recent improvements include:
New roof shingles (approximately three years ago)
Four new dishwashers
New hot water heaters
Ongoing maintenance and mechanical improvements
Well-maintained landscaping with underground sprinkler system
These improvements position the property for continued long-term performance while minimizing immediate capital needs.
Apartment Features
Each apartment has been designed with functionality and tenant comfort in mind and includes:
Spacious living room
Functional kitchen with dining area
Refrigerator
Electric range and oven
Dishwasher
Two-bedroom or one-bedroom floor plan
Full bathroom
Electric baseboard heating
Individual mini-split air conditioning system
Large windows providing abundant natural light
Dedicated storage and closet space
The practical floor plans continue to appeal to a broad tenant base, supporting consistent occupancy and tenant retention.
Investment Advantages
Hillcrest Apartments offers investors many of the characteristics sought after in today's multifamily market.
Stable Income
The property has maintained a strong rental history and continues to benefit from steady demand for affordable housing within Alliance.
Efficient Operating Structure
One of Hillcrest's strongest advantages is its expense profile.
Tenants pay their own electric utilities.
Individual heating and cooling systems eliminate the need for central HVAC maintenance.
Durable brick construction minimizes exterior maintenance.
On-site laundry offers additional income opportunities.
This efficient operating model helps maximize net operating income while reducing ownership responsibilities.
Value-Add Opportunity
Hillcrest Apartments provides investors with the opportunity to increase value through thoughtful rent growth over time while maintaining strong occupancy. As rental demand continues throughout western Nebraska, future ownership has the opportunity to improve cash flow through strategic property management and market-based rental adjustments.
Location
Located at 340 East 14th Street, Hillcrest Apartments enjoys an excellent location within Alliance, offering tenants convenient access to many of the community's amenities.
Nearby destinations include:
Alliance Public Schools
Central Park
Box Butte General Hospital
Western Nebraska Community College
Grocery stores and retail shopping
Restaurants and local businesses
Downtown Alliance
Recreational facilities
Major employers
Its central location provides tenants with convenient access to employment, healthcare, education, shopping, and recreation, helping support long-term occupancy.
Why Invest in Alliance, Nebraska?
Alliance serves as the commercial, healthcare, and transportation hub of western Nebraska. Home to approximately 8,000 residents, the community benefits from a diverse employment base that includes healthcare, education, transportation, agriculture, manufacturing, and retail.
Major employers include BNSF Railway, Box Butte General Hospital, Western Nebraska Community College, and numerous regional agricultural businesses. The city's affordability, quality schools, and strong sense of community continue to attract residents seeking stable housing options.
In addition to its economic foundation, Alliance offers an outstanding quality of life with numerous parks, recreational facilities, local restaurants, golf, shopping, and community events throughout the year. Outdoor enthusiasts also enjoy easy access to western Nebraska's hunting, fishing, hiking, and scenic landscapes.
For investors, Alliance represents a stable secondary market with consistent rental demand, attractive entry pricing, and long-term growth potential.
Investment Summary
Hillcrest Apartments represents a rare opportunity to acquire a well-maintained multifamily asset offering immediate cash flow, recent capital improvements, efficient operating expenses, and future upside. The combination of a desirable unit mix, strong rental history, and strategic location makes this property an attractive addition to any investment portfolio.
Whether you're seeking stable income, long-term appreciation, or a quality 1031 exchange opportunity, Hillcrest Apartments is positioned to deliver lasting investment value.
Contact this Building
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$65
Listed
Less than a day ago
Home Details for 340 E 14th St
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Heating & Cooling Heating: Other, ElectricAir ConditioningCooling System: OtherHeating Fuel: Other |
Levels, Entrance, & Accessibility Floors: Carpet |
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Exterior Home Features Roof: Asphalt |
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Days on Market: <1 day on Trulia |
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Year Built Year Built: 1977 |
Property Type / Style Property Type: Single Family HomeArchitecture: Other |
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Price Price Per Sqft: $65 |
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Listing Agent MLS/Source ID: 111663 |
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Lot Area: 0.30 acres |
Last check for updates: about 16 hours ago
Listing courtesy of Tommy Wiles
#1 Properties Ranch & Recreation, (307) 236-8299
Source: REALSTACK, MLS#111663
Market trends in Alliance
Last updated May 2026
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
42
7MoM
Price History for 340 E 14th St
| Date | Price | Event | Source |
|---|---|---|---|
| 07/07/2026 | $419,000 | Listed For Sale | REALSTACK #111663 |
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Comparable Sales for 340 E 14th St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.12 | Single-Family Home | $199,000 | 02/25/26 | 6 | 2 | 2,046 | |
0.28 | Single-Family Home | $150,000 | 10/28/25 | 4 | 2 | 1,076 | |
0.50 | Single-Family Home | $126,500 | 11/14/25 | 3 | 2 | 1,272 | |
0.66 | Single-Family Home | $127,500 | 02/20/26 | 3 | 2 | 1,581 | |
0.75 | Single-Family Home | $199,000 | 11/06/25 | 5 | 4 | 3,536 | |
0.62 | Single-Family Home | $179,000 | 12/05/25 | 3 | 2 | 1,560 | |
0.68 | Single-Family Home | $71,500 | 09/10/25 | 6 | 2 | 2,418 | |
0.19 | Single-Family Home | $235,000 | 02/23/26 | 3 | 2 | 1,086 |
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Assigned Schools
These are the assigned schools for 340 E 14th St.
- Alliance High School
- 9-12
- Public
- 451 Students
2/10GreatSchools RatingParent Rating AverageWhile there are some great teachers at this school, the majority of the staff and administration do not care about the students. This is especially true for students who do not add value to the perception that the school and district is looking for. Students who need motivation and someone to care about them have no one to turn to in this school. The school has had multiple lockdowns this year, with one incident involving a kid bringing a gun to school. The school does not have a working intercom system and there were teachers who did not even know about the student in the school with the gun, so they did not lock down their classrooms. I would not recommend anyone sends their children to APS. Opt into another school if you live or are moving to this district.Parent Review3y ago - Alliance Middle School
- 6-8
- Public
- 261 Students
4/10GreatSchools RatingParent Rating Average
No reviews available for this school. - Emerson Elementary School
- PK-2
- Public
- 237 Students
NAGreatSchools RatingParent Rating AverageTeachers above 1st grade ignore parents and special needs kids. They even go so far as to hide them in photos, push them out of class for misunderstood behaviors and won't talk to parents at all unless forced. Send kids to Hemingford. I did and my 3 or blossoming.Parent Review3y ago - Grandview Elementary School
- 3-5
- Public
- 283 Students
5/10GreatSchools RatingParent Rating AverageSometimes parents have to make hard decisions and need to hold the child back themselves and not blame the school or districtOther Review14y ago 
Check out schools near 340 E 14th St.
What Locals Say about Alliance
At least 8 Trulia users voted on each feature.
93 % Say it's dog friendly
93 % Say there are sidewalks
83 % Say car is needed
79 % Say there's holiday spirit
78 % Say streets are well-lit
73 % Say it's walkable to restaurants
73 % Say people would walk alone at night
73 % Say kids play outside
70 % Say yards are well-kept
67 % Say parking is easy
63 % Say it's quiet
54 % Say it's walkable to grocery stores
53 % Say neighbors are friendly
25 % Say they plan to stay for at least 5 years
15 % Say there's wildlife
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
340 E 14th St, Alliance, NE 69301 is a studio, 6,466 sqft single-family home built in 1977. This property is currently available for sale and was listed by REALSTACK on Jul 7, 2026. The MLS # for this home is MLS# 111663.