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Two-Unit Duplex with Fenced Yard
For Sale
Contact for pricing

506 Cheyenne Ave, Alliance, NE 69301

The property combines a three-bedroom main-floor residence with a two-bedroom upper residence and recent interior and exterior improvements.

Property SizeContact for details
Days on Market212

Property Features for 506 Cheyenne Ave

General Information

Standard status Active
Property subtype Mixed Use

Units

Unit Mix 1 x 3BR/2BA, 1 x 2BR/2BA
Multifamily Units 2

Building Details

Year Built 1915
Listing Agency: Heartland Real Estate
Listed By: Denise Middleton
Source: Crexi
Added: Jan 30 Changed: Aug 30 Last Checked: Aug 30 at 6:40AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Heartland Real Estate

Investment Insights

Based on property information with market context.

Built in 1915, this duplex includes two rental residences. The main-floor unit has three bedrooms and two baths, plus a new deck, painted front exterior, and fenced front yard. The upper unit offers two bedrooms and two baths with a freshly painted interior.

Both residences are currently rented. Tenants pay utilities, while the landlord covers water and sewer. Located at 506 Cheyenne Ave in Alliance, Nebraska, the property provides an established two-unit residential income configuration.

Key Highlights

  • Two rental units in one duplex property
  • Main‑floor residence includes 3 bedrooms and 2 baths
  • Upper residence includes 2 bedrooms and 2 baths

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service (Bike/Boat/Book/etc) Store Computer & Electronic Repair Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

442
Businesses Nearby

Demographics for 69301, NE

9,632
Population
4,613
Households
2.1
Avg Household Size
41
Median Age
20%
College-Educated
91%
High-School Grad
1,034.0 sq mi
ZIP Area
9
Density / Sq Mi
$70,260
Median Household Income
$46,707
Median Earnings
$769
Median Rent
$165,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - The property combines a three-bedroom main-floor residence with a two-bedroom upper residence and recent interior and exterior improvements.
Where is this duplex located?
The property is located at 506 Cheyenne Ave Alliance, NE.
What is the asking price?
The asking price for this property is $134,000.
What are key features of this property?
This property features: Two rental units in one duplex property; Main‑floor residence includes 3 bedrooms and 2 baths; Upper residence includes 2 bedrooms and 2 baths
(308) 762-2474 Call to check price and availability
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