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    1215 Ratone St Manhattan, KS 66502

    Pending
    For Sale
    $295,000

    MULTI_FAMILY - Manhattan, KS

    Lot size:
    0.17 Acres
    Days on Market:
    20
    Last Refresh:
    Dec 6 at 2:06 am

    Property Features for 1215 Ratone St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Bathroom 4, Bedroom 3, Bedroom 6, Bathroom 3, Bedroom 4, Bedroom 1, Bedroom 2, Bedroom 5, Bedroom 7, Bathroom 1, Bathroom 2
    Bedrooms
    7
    Fireplace
    1
    Basement
    Finished
    Lot size
    0.17 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1945
    Number of units
    3
    Building materials
    Wood Siding

    Alliance Realty (785) 320-2828 [email protected]

    Listing agent Scott Seel (785) 320-2828

    Listing date Nov 17, 2025

    MLS# 20252897 Listing URL

    Copyright © 2025 Flint Hills Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Manhattan Triplex Near K-State

    This well-maintained triplex is located steps from K-State and a short walk to Aggieville. The property features three income-producing units, each with long-term tenants. One unit is a 3-bed, 2-bath apartment leased through July 2026, generating $1,257 per month. A second unit, featuring 3-beds and 1-bath, generates $838 per month, also secured through July 2026. The third unit is a 1-bed, 1-bath apartment earning $455 per month with a lease running through May 2026. Situated on a 0.17-acre lot, this property is positioned for consistent returns and long-term value. It is located in Manhattan, Kansas, with a postal code of 66502, in Riley County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Manhattan
    County
    Riley
    State
    Kansas
    Longitude
    -96.575417
    Latitude
    39.191811

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    FAQs

    What type of property is this?
    Triplex - Well-maintained triplex near K-State with long-term tenants.
    Where is this triplex located?
    The property is located at 1215 Ratone St Manhattan, KS.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: - Prime location: Steps from K-State and a short walk to Aggieville.; - Turnkey investment: Three income-producing units with long-term tenants already in place.; - Steady cash flow: Leases in place generating a total of $2,550 per month.
    (785) 320-2828
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1215 Ratone St Manhattan, KS 66502
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