The Hillcrest Apartments present a prime value-add multifamily investment opportunity in the heart of Emporia, Kansas. This 34-unit historic property, originally built as the Hillcrest Hospital, has been partially updated and is poised for strong rent growth and operational upside. Current ownership has completed key improvements including unit updates, fresh paint, new flooring, and modern fixtures. Several units remain primed for renovation, giving investors immediate potential to increase income through strategic capital improvements. The property offers an attractive unit mix of studios, one-bedroom, and two-bedroom apartments that cater to Emporia’s strong tenant base of students, professionals, and local workforce. Positioned near Emporia State University and downtown employers, Hillcrest benefits from stable occupancy and consistent rental demand. With market rents in the area trending upward and operational efficiencies achievable through modernization, this property provides an excellent path to enhanced NOI and long-term appreciation.