Manhattan Homes with Multi Family Sub type

Welcome to Manhattan, Kansas – a vibrant city nestled in the heart of Riley County, where charm meets opportunity! Known as the "Little Apple," Manhattan offers a unique blend of small-town warmth and urban sophistication, making it a desirable place to call home. With its rich history, diverse culture, and thriving community, Manhattan is perfect for those seeking an engaging lifestyle.

The city is renowned for its beautiful parks, bustling downtown area, and a strong sense of community. Residents enjoy a plethora of outdoor activities, from hiking and biking along the scenic Linear Trail to picnicking in the picturesque City Park. Manhattan is also home to Kansas State University, which injects youthful energy and innovation into the area, along with a variety of cultural events and activities throughout the year.

For those considering investment opportunities, Manhattan boasts a selection of multi-family homes that cater to both seasoned investors and first-time buyers. These properties not only offer the potential for steady rental income but also provide an excellent chance to be part of a thriving community. Multi-family homes in Manhattan come in various styles, from charming duplexes to modern apartment complexes, allowing you to choose the perfect fit for your investment goals.

With a strong rental market fueled by the university and a growing population, investing in multi-family properties in Manhattan is a smart choice. Embrace the opportunity to be part of this dynamic city, where the possibilities are endless, and community spirit thrives. Discover your next investment in Manhattan, Kansas – where home is just a heartbeat away!

Newest Manhattan Homes with Multi Family Sub type

$2,595,000

20261729 MLS

Turnkey 36-unit apartment portfolio across three adjacent buildings (713 Dondee Dr + 803 & 805 Allison Ave) in Manhattan, Kansas — home of Kansas State University. Strong, well-documented performance: $366,960 gross income, $229,390 NOI, and an 8.8% going-in cap at list (~$72,083/unit). ~94% occupied with an established tenant base and three years of operating history.Two of the three buildings are fully renovated and commanding premium rents ($695–$895/mo); the third offers clear value-add upside through below-market units. Unit mix: 31 two-bedroom + 5 one-bedroom (67 bedrooms total). Rising income, falling post-renovation expenses, durable college-town rental demand, and scale in a single transaction. In-place cash flow plus a built-in rent-growth runway. Full financials available to qualified investors. A rare cash-flowing value-add play in the Midwest market region. For more details or to request a showing, text 785-341-6146.

713 Dondee Dr., Manhattan

Listing courtesy of The Alms Group.

$6,500,000

20260893 MLS

This recently renovated property presents a rare opportunity for a real estate investor or investment group to acquire a condominium portfolio with diversified income streams and multiple value creation strategies. The asset currently consists of a blend of short term rental units, long term leased residences, and inventory available for future lease up or disposition. The 28 units includes all-new updates: roof, insulation, exterior, composite decks, elevator, electrical, plumbing, HVAC, Custom Woods Cabinetry, Quartz counters, full-size appliances, and a separate laundry space.This structure offers immediate cash flow, portfolio diversification, and multiple exit strategies, making it an attractive investment for groups seeking both current yield and long term appreciation potential. Please contact Lori at Back 9 Realty for more information- 785.236.0164.

1700 N Manhattan, Manhattan

Listing courtesy of Back Nine Realty.

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