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Manhattan Multifamily Portfolio Opportunity
For Sale
$350,000

3311-3313 Fairman Cir, Manhattan, KS 66503

Stabilized, cash-flowing multifamily portfolio near Kansas State University.

Property SizeContact for details
Days on Market154

Property Features for 3311-3313 Fairman Cir

General Information

Standard status Active
Property subtype Multi-Family

Building Details

Year Built 1970
Listing Agency: The Alms Group
Listed By: Craig Berry · License #SP00238152
Source: Stoneandstory
Added: May 16 Changed: Oct 13 Last Checked: Oct 7 at 5:32PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Alms Group

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Investment Insights

Based on property information with market context.

This is a rare opportunity to acquire a stabilized, cash-flowing multifamily portfolio on the west side of Manhattan, Kansas. The property is part of a full collection of five duplex buildings, totaling 10 units. It offers immediate income, long-term tenant stability, and exceptional upside in a resilient rental market that is home to Kansas State University and Fort Riley. The property has undergone numerous upgrades, including new roofs, exterior paint, interior paint and trim, new carpet, tiled showers, flooring, lined plumbing, and new exterior pipes. Located on a quiet cul-de-sac, this property is an appealing option for investors and a desired place to live for tenants.

Key Highlights

  • Stabilized, cash‑flowing multifamily portfolio (10 units) in Manhattan, Kansas.
  • Part of a collection of five duplex buildings offering immediate income and long‑term tenant stability.
  • Located in a resilient rental market near Kansas State University and Fort Riley.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Building Supply Law Firm Electrical Service HVAC Service Grocery & Convenience Store Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

326
Businesses Nearby

Demographics for 66503, KS

16,565
Population
7,855
Households
2.1
Avg Household Size
36
Median Age
61%
College-Educated
98%
High-School Grad
83.2 sq mi
ZIP Area
199
Density / Sq Mi
$96,000
Median Household Income
$51,647
Median Earnings
$1,215
Median Rent
$325,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Stabilized, cash-flowing multifamily portfolio near Kansas State University.
Where is this duplex located?
The property is located at 3311-3313 Fairman Cir Manhattan, KS.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Stabilized, cash‑flowing multifamily portfolio (10 units) in Manhattan, Kansas.; Part of a collection of five duplex buildings offering immediate income and long‑term tenant stability.; Located in a resilient rental market near Kansas State University and Fort Riley.
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