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    724 Poyntz Ave Manhattan, KS 66502

    Pending
    For Sale
    $680,000

    MULTI_FAMILY - Manhattan, KS

    Lot size:
    0.34 Acres
    Days on Market:
    47
    Last Refresh:
    Dec 14 at 7:06 am

    Property Features for 724 Poyntz Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Rooms
    Bedroom 10, Bathroom 3, Bedroom 2, Bathroom 5, Bedroom 9, Bathroom 8, Bedroom 11, Bedroom 6, Bedroom 7, Bedroom 3, Bedroom 12, Bathroom 2, Bedroom 1, Bathroom 7, Bedroom 5, Bathroom 4, Bedroom 4, Bathroom 1, Bedroom 8, Bathroom 6
    Bedrooms
    12
    Basement
    Partially Finished
    Lot size
    0.34 Acres

    Utilities

    Cooling system
    Window Unit(s), Central Air

    Building Details

    Year built
    1900
    Number of units
    8
    Building materials
    Wood Lap, Wood Siding

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

    Listing agent Greg Shosa (785) 844-0493

    Listing date Oct 29, 2025

    MLS# 20252508 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

    Downtown Manhattan Multifamily Investment Opportunity

    This property presents an opportunity to own a substantial parcel in downtown Manhattan, Kansas, featuring two Victorian homes converted into multifamily rentals. Located at 724 and 728 Poyntz Avenue, the properties are zoned Business Commercial, offering multiple possibilities. The triplex at 728 Poyntz Avenue generates $3020 per month, while the 5-plex at 724 Poyntz Avenue brings in $2600 per month. One unit in the 5-plex is currently undergoing remodeling, with an expected additional income of $700+ per month upon completion, potentially raising the total to $3300 per month. The combined properties sit on a 0.34-acre lot (approximately 15,000 sq ft) of prime downtown real estate. The location is directly across the street from a new high-rise commercial/residential property under construction on the former Commerce Bank site. Potential uses include continuing to rent the properties for cash flow, renovating them for office space, or redeveloping the site for commercial purposes. The properties are being sold together, with tenants in place until the summer of 2026.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Holistic Fitness Company Wellness Program

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -96.568239
    Latitude
    39.179668

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    FAQs

    What type of property is this?
    Apartment building - Two multifamily properties with commercial zoning and high potential.
    Where is this apartment building located?
    The property is located at 724 Poyntz Ave Manhattan, KS.
    What is the asking price?
    The asking price for this property is $680,000.
    What are key features of this property?
    This property features: - Prime downtown location with 15,000 sqft of real estate zoned Business Commercial.; - Two multi-family rental properties included, generating $5620/month.; - Additional $700+/month income potential from vacant unit remodel.
    (785) 844-0493
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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

    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.

    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
    724 Poyntz Ave Manhattan, KS 66502
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