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

    408 S 6Th St Manhattan, KS 66502

    View on Map
    Sponsored
    For Sale
    $250,000

    MULTI_FAMILY - Manhattan, KS

    Lot size:
    0.17 Acres
    Days on Market:
    1
    Last Refresh:
    Mar 15 at 12:06 pm

    Property Features for 408 S 6Th St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 3, Bedroom 4, Bathroom 1, Bedroom 1, Bedroom 2, Bathroom 2
    Bedrooms
    4
    Bathrooms
    2
    Basement
    Finished
    Lot size
    0.17 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1947
    Number of units
    2
    Building materials
    Vinyl Siding

    We can help!

    Listing Contact
    Barb Meitler

    Platinum Realty LLC (888) 220-0988

    Listing agent Barb Meitler (785) 620-7037

    Listing date Mar 15, 2026

    MLS# 20260627

    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 Duplex Investment Opportunity

    This two-unit home in Manhattan, Kansas, presents an investment opportunity with a consistent rental history. The property has been consistently rented since its purchase four years ago, and current tenants have lease agreements extending through May 2027. The main level unit features three bedrooms, including a nonconforming loft room, along with a spacious bathroom that also serves as a laundry room. A spacious kitchen and living room are included, as well as an attached garage. Parking is available at the front and rear of the home. The lower unit has a double entry, two bedrooms with egress windows, one bathroom, a kitchen, and a small living room space. It also includes its own washer and dryer and a detached garage. Tenants are responsible for all utilities and lawn care, with some utilities managed via passthrough. The property has a new roof installed recently and sits on a lot of approximately 0.1722 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Vern's Cakes Clothing & Fashion Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Daycare Center Gym & Fitness Center Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Manhattan
    County
    Riley
    State
    Kansas
    Longitude
    -96.565397
    Latitude
    39.175829

    Nearby Similar for Sale

    • 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
    • $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
    • $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
      $295,000
      0.24 Acres

      Duplex Near K-State and Aggieville

      Turnkey duplex investment property near K-State with long-term leases.
      512 Bluemont Ave, Manhattan, KS 66502
      View Details
    • New
      $305,000
      Pending

      Manhattan Multi-Family Investment Opportunity

      Well-maintained duplex with reliable rental income in Manhattan, Kansas.
      809 Moro St, Manhattan, KS 66502
      View Details
    • $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
    • $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
    • $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
    • $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
    • Contact for pricing

      Manhattan Commercial Property Opportunity

      Commercial property in Manhattan, Kansas, near Kansas State University.
      300 Colorado St, Manhattan, KS 66502
      View Details
    • $399,000
      3,600 SF

      Manhattan Office Space Available

      Office space available for rent in Manhattan, Kansas.
      2314 Anderson Ave, Manhattan, KS 66502
      View Details
    • $449,000
      3,600 SF

      Manhattan Medical Office Building

      Prime Medical/Office Space, 3600 SF
      2314 Anderson Ave, Manhattan, KS 66502
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-unit home with consistent rental history and long-term tenants.
    Where is this duplex located?
    The property is located at 408 S 6Th St Manhattan, KS.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: - New roof installed last week; - Consistent rental history with leases through May 2027; - Two separate units, ideal for investment
    (785) 620-7037
    Request Owner's contact information
    408 S 6Th 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.
    408 S 6Th 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
    408 S 6Th 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
    Barb Meitler
    (785) 620-7037
    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!