Multi Family Investment Properties for Sale in Manhattan, KS
$ 137,500
ROI
33.5
Cash Flow/m
524- 4 Bed
- 2 Bath
- - sft
410 Bluemont Ave, Manhattan, KS, 66502
$ 369,000
ROI
20.0Cash Flow/m
21- 8 Bed
- 4 Bath
- - sft
410 S 15th St, Manhattan, KS, 66502
$ 369,000
ROI
20.0Cash Flow/m
21- 8 Bed
- 4 Bath
- - sft
410/412 S 15th St, Manhattan, KS, 66502
Currently Rented
Motivated Seller
Rental Income
$ 175,000
ROI
32.7Cash Flow/m
628- 4 Bed
- 3 Bath
- - sft
1001 Fremont St, Manhattan, KS, 66502
Why Invest in Manhattan, Kansas?
Multi-family properties in Manhattan, KS offer strong investment potential driven by steady student demand from Kansas State University. Average rents around $1,250 support solid cash flows with cap rates near 7%. Renter occupancy exceeds 50%, bolstered by a stable local economy. Annual appreciation of 4-5% and rental yields of 6-8% make it attractive for passive income. Low vacancy risks due to consistent workforce and academic population growth.
8.5%
Avg. ROI
7.2%
Rental Yield
7.1%
Cap Rate
$18500/mo
Avg. Cash Flow
$1250/mo
Avg. Rent
4.8%
1Y Appreciation
Frequently Asked Questions
High student and military demand ensures over 55% renter occupancy and steady cash flows. Average rents of $1,250 with 7% cap rates provide reliable returns. University growth sustains long-term appreciation around 5%.
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