Apartment Acquisitions · Manhattan
Sell Your Commercial Property In Manhattan, KS
Skyline Capital Investments buys commercial apartment buildings of 5+ units in Manhattan and across Riley County — listed or off-market, stabilized or value-add. Get clear feedback on your deal, typically within 48 hours.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Neighborhoods & Nearby Towns: Aggieville · Wildcat Creek · Ogden · Junction City — Riley County, KS
Market Snapshot
Renter Demand In Manhattan
Manhattan, Kansas, has 54,239 residents, per ACS 2020-2024. Median household income in Manhattan is $60,172, against $74,275 statewide. Median gross rent is $1,003 a month, versus $1,046 in Riley County.
Renters hold 56.5% of Manhattan homes. Kansas State University reported 21,213 for-credit students in fall 2025. USDA runs its 574,000-square-foot National Bio and Agro-Defense Facility in Manhattan, and Fort Riley names Manhattan among its closest cities. This page gathers the rent, tax and lease figures buyers request when owners sell commercial property in Manhattan, KS.
Kansas State University
K-State reported 21,213 for-credit students across its campuses in fall 2025, up 4.5%, per its October 2025 release.Fort Riley, outside Manhattan
Fort Riley lies outside Manhattan in the Flint Hills; the Army lists about 15,400 active duty members and 6,100 civilians.NBAF research campus
USDA's 574,000-square-foot NBAF in Manhattan had more than 300 team members as of June 2024, per USDA.Our Buy Box
What We Buy In Manhattan
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Manhattan Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Manhattan
Renters occupy 56.5% of Manhattan homes, or 12,584 of 22,266 households, per ACS 2020-2024 table B25003. The renter share is 53.9% in Riley County and 32.8% statewide.
Buildings of five or more units hold 30.7% of Manhattan housing, per table B25024. In table B25034, 46.6% of Manhattan homes were built before 1980.
Rents and affordability in Manhattan
Manhattan median gross rent is $1,003 a month, per ACS 2020-2024 table B25064. Rental vacancy stands at 5.4% in profile table DP04. Half of Manhattan renters, 50.1%, pay 30% or more of income for rent, per table B25070.
| Unit size | HUD FY2027 FMR |
|---|---|
| Efficiency | $859 |
| One bedroom | $924 |
| Two bedroom | $1,107 |
| Three bedroom | $1,533 |
| Four bedroom | $1,850 |
These HUD FY2027 fair market rents apply to the Manhattan, KS HUD Metro FMR Area from October 1, 2026. The two-bedroom figure sits $104 above the Manhattan median. Owners who sell commercial real estate in Manhattan, KS can cite that spread to buyers.
Property taxes in Riley County
A $2,000,000 Manhattan apartment building in USD 383 owes about $35,238.07 at 2025 levies. Multi-family residential property is assessed at 11.5% of value under K.S.A. 79-1439.
The 2025 corrected Riley County taxing unit sheet shows 153.209 total mills for tax unit 002, Manhattan City in USD 383. The math: $2,000,000 x 11.5% = $230,000 assessed, and $230,000 x 153.209 / 1,000 = $35,238.07.
The City of Manhattan share is 54.506 mills, and Manhattan parcels in USD 378 carry 155.072. Buyers will underwrite that bill when you sell commercial property in Manhattan, KS. Valuation appeals go to the county appraiser within 30 days of the notice mailing, per K.S.A. 79-1448.
Landlord rules in Manhattan
Under K.S.A. 58-2550, a deposit on an unfurnished Kansas unit cannot exceed one month's rent. Landlords return the balance within 14 days after deductions are determined.
K.S.A. 58-2564 lets a landlord end the lease when rent stays unpaid three days after written notice. K.S.A. 12-16,120 forbids any Kansas county or city, Manhattan included, from enacting rent control.
What it means for an owner in Manhattan
Manhattan pairs a 56.5% renter share with a $1,003 median rent and 153.209 mills in USD 383. To sell commercial property in Manhattan, KS at a supportable price, start with our cap rate calculator.
Skyline Capital Investments buys 5+ unit apartment buildings for cash. To sell your apartment building in Manhattan without a listing, review our direct sale process.
Seller Notes
What Shapes A Manhattan Offer
More about selling in Kansas →Investing in Manhattan? See apartment syndications in Manhattan →
- The City of Manhattan levies 54.506 of 153.209 mills, or 35.6% of a 2025 USD 383 bill.
- Kansas assesses commercial and industrial real property at 25%, which matters when selling commercial property in Manhattan.
- With 50.1% of renters cost-burdened, owners who sell commercial real estate in Manhattan, KS face rent-growth questions.
Seller Guides
Selling A Building In Manhattan
Learn More
Taxes & Rules For Manhattan Property
The Kansas rules that shape any deal in Manhattan: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Manhattan Seller FAQ
Which figures do buyers ask for when I sell commercial property in Manhattan, KS?
Buyers usually begin with rent, vacancy and tax. Manhattan median gross rent was $1,003 a month in ACS 2020-2024, with 5.4% rental vacancy. A $2,000,000 apartment building in USD 383 carries about $35,238.07 in 2025 property tax at 153.209 mills.
How are property taxes figured when I sell commercial real estate in Manhattan, KS?
Annual property tax drives much of a buyer's math. K.S.A. 79-1439 assesses apartments at 11.5% of value and commercial real property at 25%. Riley County's 2025 sheet shows 153.209 mills for Manhattan in USD 383 and 155.072 in USD 378.
How do Manhattan rents compare with HUD fair market rents?
Manhattan's $1,003 median gross rent sits $104 below HUD's FY2027 two-bedroom fair market rent of $1,107 for the Manhattan, KS HUD Metro FMR Area. Riley County's median is $1,046. Owners who sell multifamily property in Manhattan can show buyers that gap.
How fast must a Manhattan landlord return a security deposit?
K.S.A. 58-2550 limits a deposit on an unfurnished unit to one month's rent. The landlord returns the balance within 14 days after charges are determined. The outer limit is 30 days after the tenancy ends, possession returns and the tenant demands it.
Can Manhattan adopt rent control?
No. K.S.A. 12-16,120 bars Kansas counties, municipalities and townships from enacting or enforcing any ordinance that controls rent on privately owned residential or commercial property. Manhattan rents follow the market, with a $1,003 median gross rent in ACS 2020-2024.
What if my Manhattan building has vacancies or deferred maintenance?
That is often where we add the most value. We buy buildings that need renovation, new management, or lease-up, and we account for that in our offer.
Do you work with Manhattan brokers and agents?
We do. Agents can bring us listed or pocket-listing deals in Manhattan, and we keep every conversation confidential.
Is it possible to sell rental property in Manhattan without evicting tenants?
It is. We buy apartment buildings occupied, and tenants stay on their current leases. Skyline Capital Investments is a commercial real estate buyer of 5+ unit buildings, so occupied properties are the norm for us.
How fast can I sell my apartment building in Manhattan?
Most owners get clear feedback within 48 hours of sending the address, unit count, and a rent roll. Closing is typically set around your timeline, including extra time for a 1031 exchange.
Submit A Deal
Get An Offer Review In Manhattan
Share the basics below and we will follow up directly. Agents and brokers representing Manhattan sellers are welcome.
