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713 Dondee Dr., 
Manhattan, KS 66502

$2,595,000

66

Beds

36

Baths

-

Sq Ft

Multi-Family

Active

Listed by

Tray Schmidt

The Alms Group

785-477-8052

Last updated:

July 1, 2026, 04:33 AM

MLS#

20261729

Source:

Listing Courtesy of Flint Hills AOR MLS as distributed by MLS GRID

About This Home

713 Dondee Dr.

Turnkey 36-unit apartment portfolio across three adjacent buildings (713 Dondee Dr + 803 & 805 Allison Ave) in Manhattan, Kansas — home of Kansas State University. Strong, well-documented performance: $366,960 gross income, $229,390 NOI, and an 8.8% going-in cap at list (~$72,083/unit). ~94% occupied with an established tenant base and three years of operating history.Two of the three buildings are fully renovated and commanding premium rents ($695–$895/mo); the third offers clear value-add upside through below-market units. Unit mix: 31 two-bedroom + 5 one-bedroom (67 bedrooms total). Rising income, falling post-renovation expenses, durable college-town rental demand, and scale in a single transaction. In-place cash flow plus a built-in rent-growth runway. Full financials available to qualified investors. A rare cash-flowing value-add play in the Midwest market region. For more details or to request a showing, text 785-341-6146.

Home Facts

Multi-Family

36 Baths

66 Bedrooms

Built in 1975

Price Summary

2,595,000

MLS #:

20261729

Last Updated:

July 1, 2026, 04:33 AM

Added:

7 day(s) ago

Rooms & Interior

Bedrooms

Total Bedrooms:

66

Bathrooms

Total Bathrooms:

36

Full Bathrooms:

36

Structure

Structure

Year Built:

1975

Lot

Lot Size (Sq. Ft):

60,984

Finances & Disclosures

Finances

Price:

$2,595,000

Source:Listing Courtesy of Flint Hills AOR MLS as distributed by MLS GRID
Listings courtesy of Flint Hills AOR as distributed by MLS GRID. IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Based on information submitted to the MLS GRID as of July 1, 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS”; as established by the applicable MLS Governing Documents.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.