Manhattan-Ogden USD 383 Homes with Multi Family Sub type

Welcome to the vibrant community of Manhattan, Kansas, where the Manhattan-Ogden USD 383 school district stands as a beacon of educational excellence. This district is renowned for its commitment to fostering a nurturing and innovative learning environment for students from preschool through high school. With a diverse array of programs, dedicated educators, and a strong emphasis on academic achievement, USD 383 ensures that every child has the opportunity to thrive. The district boasts a range of extracurricular activities, including sports, arts, and clubs, allowing students to explore their passions and develop lifelong skills.

For families considering a move to this dynamic area, the housing market offers a variety of options, including charming multi-family homes. These properties not only provide an excellent investment opportunity but also foster a sense of community and connection among residents. Multi-family homes in Manhattan are perfect for those looking to create a rental income or accommodate extended family members, all while enjoying the benefits of living in a thriving neighborhood.

Imagine the convenience of residing just moments away from top-rated schools, parks, and local amenities, all while being part of a community that values education and family. Whether you’re a first-time homebuyer or an experienced investor, Manhattan's multi-family homes present a unique chance to be part of a welcoming and supportive environment. Explore the possibilities today and discover why Manhattan, KS, and the Manhattan-Ogden USD 383 school district are the perfect place to call home!

Newest Manhattan-Ogden USD 383 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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