Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2102 Sloan St Manhattan, KS 66502

    Sponsored
    For Sale
    Pending
    $422,500

    MULTI_FAMILY - Manhattan, KS

    Property size:
    3,200 SF
    Lot size:
    0.17 Acres
    Days on Market:
    57
    Last Refresh:
    Mar 2 at 4:06 pm

    Property Features for 2102 Sloan St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Bathroom 7, Bedroom 6, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bathroom 4, Bedroom 5, Bedroom 8, Bathroom 8, Bathroom 3, Bedroom 2, Bathroom 5, Bathroom 6, Bedroom 7
    Bedrooms
    8
    Size
    3,200 SF
    Lot size
    0.17 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1961
    Number of units
    8
    Building materials
    Hardboard Siding
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Derek Richards

    Alliance Realty (785) 320-2828

    Listing agent Derek Richards (785) 236-9430

    Listing date Jan 5, 2026

    MLS# 20253216 Listing URL

    Copyright © 2026 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.

    Learn more

    Property Insight Report

    Overview

    Manhattan KS 8-Plex Investment

    This well-maintained 8-plex in Manhattan, KS, features eight 400 sq. ft. studio units. Designed for low-maintenance living and consistent rental appeal, the property includes shared on-site laundry. The building has been kept in excellent condition. All units are currently leased, with the earliest lease extending through March 2026, providing reliable income. The property offers a ready-made turn-key investment opportunity. The monthly collected rent is $4,935. The lot size is 0.1745 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Nail Salon Grocery & Convenience Store Gym & Fitness Center Daycare Center Building Supply Accounting Firm Bar & Pub

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

    Location Insight

    • Map
    • Local Demand
    City
    Manhattan
    County
    Riley
    State
    Kansas
    Longitude
    -96.564178
    Latitude
    39.20433

    Nearby Similar for Sale

    • New
      $975,000
      0.25 Acres

      Modern Triplex Near Campus

      2021-built triplex near campus with strong cash flow.
      903 Sunset Ave, Manhattan, KS 66502
      View Details
    • New
      $384,900
      0.17 Acres

      Aggieville 6-Plex Apartments

      Updated 6-plex near KSU campus and Aggieville.
      917 Laramie St, Manhattan, KS 66502
      View Details
    • New
      $324,900
      0.17 Acres

      Manhattan Multifamily Investment Opportunity

      Four-unit property near campus, fully rented through summer 2026.
      1114 Vattier St, Manhattan, KS 66502
      View Details
    • New
      $265,000
      Pending

      Manhattan Duplex: Investment Opportunity

      East-side Manhattan duplex, move-in ready, great investment or house-hacking.
      2310/2312 Willow Ln, Manhattan, KS 66502
      View Details
    • Contact for pricing
      865 SF

      Drive-Thru Coffee Shop For Sale

      Single-tenant 151 Coffee property with absolute NNN lease in Kansas.
      900 N 3Rd St, Manhattan, KS 66502
      View Details
    • $680,000
      Pending

      Downtown Manhattan Multifamily Investment Opportunity

      Two multifamily properties with commercial zoning and high potential.
      724 Poyntz Ave, Manhattan, KS 66502
      View Details
    • $475,000
      2,448 SF

      Manhattan Commercial Corner Lot

      High-visibility commercial space, ready for your business.
      2605 Allison Ave, Manhattan, KS 66502
      View Details
    • $422,500
      Pending

      Manhattan KS 8-Plex Investment

      Well-maintained, fully leased 8-unit building with strong rental income.
      2103 Grn St, Manhattan, KS 66502
      View Details
    • $205,000
      Pending

      Manhattan Duplex Near Campus

      Fully rented duplex near campus with long-term tenants.
      823 N 8Th St, Manhattan, KS 66502
      View Details
    • $309,000

      Income-Ready Condos Near KSU

      Newly renovated 2BR/2BA condos with strong Airbnb performance near KSU.
      1700 N Manhattan Ave, Manhattan, KS 66502
      View Details
    • $1,475,000

      Modern 12-Unit Complex Near KSU

      12-unit apartment complex near Kansas State University and Aggieville.
      901 Kearney St, Manhattan, KS 66502
      View Details
    • $410,000

      Spacious Updated Townhome in Manhattan

      Updated 5-bedroom, 3-bathroom townhome with enclosed deck in Manhattan.
      4801 Rockridge Ct, Manhattan, KS 66503
      View Details

    FAQs

    What type of property is this?
    Apartment building - Well-maintained 8-unit apartment building with steady rental income.
    Where is this apartment building located?
    The property is located at 2102 Sloan St Manhattan, KS.
    What is the asking price?
    The asking price for this property is $422,500.
    What are key features of this property?
    This property features: - Turn-key investment: All eight units are currently leased, providing immediate and reliable income.; - Consistent cash flow: Generates $4,935 in monthly rental income.; - Well-maintained 8-plex: The building is in excellent condition, ensuring low maintenance.
    (785) 236-9430
    Request Owner's contact information
    2102 Sloan St Manhattan, KS 66502
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2102 Sloan St
    Manhattan, KS 66502
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    2102 Sloan St Manhattan, KS 66502
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Derek Richards
    Real Estate License ID: BR00227275
    (785) 236-9430 (785) 320-2828
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!