11-Unit Cash-Flowing Rental Portfolio – 10.5% Cap Rate – $618,000 Rare opportunity to acquire a diversified, cash-flowing rental portfolio in one transaction. This package includes 11 units across a mix of single family homes and duplexes, spread across established Topeka neighborhoods, delivering a 10.5% cap rate. Included Properties: 534 NE Grattan St 536 NE Grattan St 538 NE Grattan St 309 NE Twiss Ave 1232 NW Jackson Ave 3309 SE Indiana Ave 940 & 942 NE Poplar St (duplex) 1724 SE Pennsylvania Ave Up 1724 SE Pennsylvania Ave Down 1523 SW Western 9 of the 11 units are currently occupied and producing rental income, with 2 vacant units offering immediate upside for an incoming investor to set rents at market rate. Ideal for investors looking to scale a rental portfolio in established Topeka neighborhoods. Sold as a package at $618,000.
11-Unit Cash-Flowing Rental Portfolio – 10.5% Cap Rate – $618,000 Rare opportunity to acquire a diversified, cash-flowing rental portfolio in one transaction. This package includes 11 units across a mix of single family homes and duplexes, spread across established Topeka neighborhoods, delivering a 10.5% cap rate. Included Properties: 534 NE Grattan St 536 NE Grattan St 538 NE Grattan St 309 NE Twiss Ave 1232 NW Jackson Ave 3309 SE Indiana Ave 940 & 942 NE Poplar St (duplex) 1724 SE Pennsylvania Ave Up 1724 SE Pennsylvania Ave Down 1523 SW Western 9 of the 11 units are currently occupied and producing rental income, with 2 vacant units offering immediate upside for an incoming investor to set rents at market rate. Ideal for investors looking to scale a rental portfolio in established, established Topeka neighborhoods. Sold as a package at $618,000.
Completely Renovated Fourplex – Turnkey Investment Opportunity! Don't miss this incredible opportunity to own a fully renovated fourplex featuring 4 units, each offering 2 bedrooms and 1 bathroom. This property has been rebuilt from the ground up and is about as close to new construction as you can get—without the new construction price tag! Every unit has been completely updated with all-new showers, toilets, vanities, cabinets, countertops, luxury vinyl plank (LVP) flooring, heating and cooling systems, doors, windows, siding, roof, newly paved parking lot and upgraded electrical panels. The kitchens come equipped with built-in microwaves, stoves, and refrigerators, making each unit move-in ready for tenants. (Although all units are rented at this time.) Whether you're looking to expand your investment portfolio or purchase your first income-producing property, this turnkey fourplex offers low-maintenance ownership and modern finishes that tenants will love. With virtually everything new, you can spend less time worrying about repairs and more time enjoying the benefits of your investment. Properties like this don't come along often—schedule your showing today! Please request showings 36 hours in advance.
Great multifamily investment opportunity! Total current rent of $2,890 a month makes this a strong cash flowing addition to any portfolio. Four 1-bedroom units under one roof. Gas and electric are currently landlord paid and could be shifted back to tenant pay, adding real upside to NOI. Additional storage off the alley in a garage. Current rents: 1504 A - $820, 1504 B - $600, 1506 A - $820, 1506 B - $650. Don't miss this one, rare fourplex inventory in this price range with nothing else like it currently active on the market.
Great investment opportunity in this three unit package, two separate parcels sold together for maximum cash flow. 1033 SW Clay is a single family rental bringing in $950 a month. 1035 SW Clay is a duplex with both units currently occupied, upstairs renting for $800 a month and the downstairs unit at $400 a month. All three units are filled right now with no vacancy. Tenants cover their own electric, landlord currently covers gas and water, leaving real upside for a buyer who wants to shift utilities back to tenant pay. Both properties already have new sewer lines in place, a major capital expense already handled for you. Combined income and stabilized occupancy make this a turnkey addition to any rental portfolio.
Turnkey investment opportunity or perfect starter home! Updated ranch converted to duplex in quiet Highland Park neighborhood. Both units currently leased – Please DO NOT CONTACT TENANTS. South side of duplex (2800) 2 bed, 1.5 bath and leases for $1000 month (exp. 5/27). Unit above garage (2802) 1 bed, 1 bath studio with option to finish another bedroom on lower level, leases for $500 a month (exp 2/27). Owner pays utilities. Roof new in 2023. South unit completely remodeled in 2023, including new plumbing, insulation, energy saving windows, drywall, and electrical. All new kitchen, all new bathrooms. Sewer line replaced by previous owner. Partially fenced yard. Common laundry room for both sides. The attached garage is utilized by owner. South unit front yard is fully fenced. Showings for only serious buyers please. Offers can be contingent until property is viewed. Pictures are from 2025 after the renovation of 2800 and prior to current tenant's occupancy.
Great investment or house-hacking opportunity! This duplex features two spacious 3-bedroom, 1-bath units, each with separate electric and water utilities. The property also offers off-street parking, adding convenience for tenants or an owner-occupant. The lower unit has received several updates, including fresh paint, updated light fixtures, and new flooring, giving it a refreshed feel. Centrally located with easy access to everyday conveniences, this property is a great opportunity for an investor looking to add to their portfolio or a buyer wanting to live in one unit while renting out the other.
Rare investment opportunity in the Seaman School District! This brand new 2026 side-by-side duplex, built by Gen III Construction & Development, offers modern design, quality craftsmanship, and incredible versatility. Each unit features 3 bedrooms and 3 baths with a spacious, functional layout designed for today's lifestyle. Live comfortably in one side while generating rental income form the other, or add this impressive property to your investment portfolio. Enjoy the benefits of new construction, low maintenance, and contemporary finishes throughout. A fantastic opportunity for homeowners, investors, or those looking for multi-generation living options.
Six-Property Duplex Portfolio Topeka, Kansas Offered at $1,500,000 This portfolio presents a rare opportunity to acquire six income -producing duplexes in Topeka, Kansas — 12 total rental units offered under a single transaction. Spanning four established Topeka neighborhoods, the portfolio provides geographic diversity within a single market, reducing concentration risk while maintaining the operational efficiency of local management. The Clay Street properties (2612 to 2614 and 2616 to 2618 SW Clay St) sit in the Quinton Heights area, a centrally located neighborhood with strong rental demand driven by proximity to Washburn University, Topeka Country Club, and easy access to I-70. Units in this corridor feature 2 bedrooms and 1 bath per side, private off-street parking, fenced yards, and separate entries — amenities that support tenant retention and consistent occupancy. Rounding out the portfolio are properties at 3411 to 3413 SW Taurus Ave, 4428 to 4430 SE Oak Ben Dr, and 6109 to 6111 SW 26th St — a mix of southwest and southeast Topeka locations that broadens the portfolio's reach across the metro rental market. At $1,500,000 for 12 units, the offering comes to $125,000 per unit — a competitive basis for the Topeka market. Topeka's rental fundamentals remain strong, supported by stable employment anchors including state government, healthcare, and education, and a cost of living that continues to attract renters priced out of larger metros. This is a turnkey portfolio addition for investors seeking immediate cash flow, scale, and a foothold in one of the Midwest's most resilient secondary markets
Six-Property Duplex Portfolio Topeka, Kansas Offered at $1,500,000 This portfolio presents a rare opportunity to acquire six income -producing duplexes in Topeka, Kansas — 12 total rental units offered under a single transaction. Spanning four established Topeka neighborhoods, the portfolio provides geographic diversity within a single market, reducing concentration risk while maintaining the operational efficiency of local management. The Clay Street properties (2612 to 2614 and 2616 to 2618 SW Clay St) sit in the Quinton Heights area, a centrally located neighborhood with strong rental demand driven by proximity to Washburn University, Topeka Country Club, and easy access to I-70. Units in this corridor feature 2 bedrooms and 1 bath per side, private off-street parking, fenced yards, and separate entries — amenities that support tenant retention and consistent occupancy. Rounding out the portfolio are properties at 3411 to 3413 SW Taurus Ave, 4428 to 4430 SE Oak Ben Dr, and 6109 to 6111 SW 26th St — a mix of southwest and southeast Topeka locations that broadens the portfolio's reach across the metro rental market. At $1,500,000 for 12 units, the offering comes to $125,000 per unit — a competitive basis for the Topeka market. Topeka's rental fundamentals remain strong, supported by stable employment anchors including state government, healthcare, and education, and a cost of living that continues to attract renters priced out of larger metros. This is a turnkey portfolio addition for investors seeking immediate cash flow, scale, and a foothold in one of the Midwest's most resilient secondary marke
Six-Property Duplex Portfolio Topeka, Kansas Offered at $1,500,000 This portfolio presents a rare opportunity to acquire six income -producing duplexes in Topeka, Kansas — 12 total rental units offered under a single transaction. Spanning four established Topeka neighborhoods, the portfolio provides geographic diversity within a single market, reducing concentration risk while maintaining the operational efficiency of local management. The Clay Street properties (2612 to 2614 and 2616 to 2618 SW Clay St) sit in the Quinton Heights area, a centrally located neighborhood with strong rental demand driven by proximity to Washburn University, Topeka Country Club, and easy access to I-70. Units in this corridor feature 2 bedrooms and 1 bath per side, private off-street parking, fenced yards, and separate entries — amenities that support tenant retention and consistent occupancy. Rounding out the portfolio are properties at 3411 to 3413 SW Taurus Ave, 4428 to 4430 SE Oak Ben Dr, and 6109 to 6111 SW 26th St — a mix of southwest and southeast Topeka locations that broadens the portfolio's reach across the metro rental market. At $1,500,000 for 12 units, the offering comes to $125,000 per unit — a competitive basis for the Topeka market. Topeka's rental fundamentals remain strong, supported by stable employment anchors including state government, healthcare, and education, and a cost of living that continues to attract renters priced out of larger metros. This is a turnkey portfolio addition for investors seeking immediate cash flow, scale, and a foothold in one of the Midwest's most resilient secondary markets.
Six-Property Duplex Portfolio Topeka, Kansas Offered at $1,500,000 This portfolio presents a rare opportunity to acquire six income -producing duplexes in Topeka, Kansas — 12 total rental units offered under a single transaction. Spanning four established Topeka neighborhoods, the portfolio provides geographic diversity within a single market, reducing concentration risk while maintaining the operational efficiency of local management. The Clay Street properties (2612 to 2614 and 2616 to 2618 SW Clay St) sit in the Quinton Heights area, a centrally located neighborhood with strong rental demand driven by proximity to Washburn University, Topeka Country Club, and easy access to I-70. Units in this corridor feature 2 bedrooms and 1 bath per side, private off-street parking, fenced yards, and separate entries — amenities that support tenant retention and consistent occupancy. Rounding out the portfolio are properties at 3411 to 3413 SW Taurus Ave, 4428 to 4430 SE Oak Ben Dr, and 6109 to 6111 SW 26th St — a mix of southwest and southeast Topeka locations that broadens the portfolio's reach across the metro rental market. At $1,500,000 for 12 units, the offering comes to $125,000 per unit — a competitive basis for the Topeka market. Topeka's rental fundamentals remain strong, supported by stable employment anchors including state government, healthcare, and education, and a cost of living that continues to attract renters priced out of larger metros. This is a turnkey portfolio addition for investors seeking immediate cash flow, scale, and a foothold in one of the Midwest's most resilient secondary markets.
Six-Property Duplex Portfolio Topeka, Kansas Offered at $1,500,000 This portfolio presents a rare opportunity to acquire six income -producing duplexes in Topeka, Kansas — 12 total rental units offered under a single transaction. Spanning four established Topeka neighborhoods, the portfolio provides geographic diversity within a single market, reducing concentration risk while maintaining the operational efficiency of local management. The Clay Street properties (2612 to 2614 and 2616 to 2618 SW Clay St) sit in the Quinton Heights area, a centrally located neighborhood with strong rental demand driven by proximity to Washburn University, Topeka Country Club, and easy access to I-70. Units in this corridor feature 2 bedrooms and 1 bath per side, private off-street parking, fenced yards, and separate entries — amenities that support tenant retention and consistent occupancy. Rounding out the portfolio are properties at 3411 to 3413 SW Taurus Ave, 4428 to 4430 SE Oak Bend Dr, and 6109 to 6111 SW 26th St — a mix of southwest and southeast Topeka locations that broadens the portfolio's reach across the metro rental market. At $1,500,000 for 12 units, the offering comes to $125,000 per unit — a competitive basis for the Topeka market. Topeka's rental fundamentals remain strong, supported by stable employment anchors including state government, healthcare, and education, and a cost of living that continues to attract renters priced out of larger metros. This is a turnkey portfolio addition for investors seeking immediate cash flow, scale, and a foothold in one of the Midwest's most resilient secondary markets
Turnkey Triplex – Investment or Owner-Occupant Opportunity! Don’t miss this fully remodeled and furnished triplex located just minutes from downtown. This versatile property is perfect for investors looking to generate rental income or owner-occupants seeking the opportunity to live in one unit while renting the other two to help offset housing expenses. Each unit has been updated with modern finishes, upgraded fixtures, and attractive furnishings, creating comfortable, move-in-ready living spaces. Extensive renovations and improvements throughout the property provide added value and appeal while helping reduce future maintenance concerns. The convenient location offers easy access to downtown amenities, including shopping, dining, entertainment, public transportation. Its desirable location makes it attractive to a wide range of tenants and supports strong rental demand. Whether you’re building your investment portfolio, searching for a turnkey income-producing property, or looking for a smart owner-occupant opportunity, this triplex offers flexibility, convenience, and excellent income potential. With all the updates already completed, you can start enjoying the benefits of ownership immediately. Schedule a showing today. Motivated seller! Bring an offer!
Rare opportunity to acquire a fully occupied 8 unit portfolio n desirable Southwest Topeka. Built in 2015, this well maintained investment contains four duplexes featuring spacious 4 -bedroom, 3-bath floor plans with attached 2 car garages. Quality finishes throughout include hardwood flooring, porcelain tile, soft close cabinetry and a safe room. Each unit offers a functional multi-level layout with 2BR's and 2 baths on the main level and 2BR's, 1 bath and an additional living space upstairs. Tenants are responsible for utilities creating a low maintenance investment opportunity with strong cash flow potential. Current rates are below market, offering a future upside for investors seeking increased income potential. Consistent unit layouts, newer construction and strong tenant appeal make this a rare large-format asset in the Topeka market. Portfolio offered as a package. Excellent location with stable occupancy history. ***Note Interior Photos are of 5872 SW Woodbridge but all units have the same layout***
Rare opportunity to acquire a fully occupied 8 unit portfolio n desirable Southwest Topeka. Built in 2015, this well maintained investment contains four duplexes featuring spacious 4 -bedroom, 3-bath floor plans with attached 2 car garages. Quality finishes throughout include hardwood flooring, porcelain tile, soft close cabinetry and a safe room. Each unit offers a functional multi-level layout with 2BR's and 2 baths on the main level and 2BR's, 1 bath and an additional living space upstairs. Tenants are responsible for utilities creating a low maintenance investment opportunity with strong cash flow potential. Current rates are below market, offering a future upside for investors seeking increased income potential. Consistent unit layouts, newer construction and strong tenant appeal make this a rare large-format asset in the Topeka market. Portfolio offered as a package. Excellent location with stable occupancy history. ***Note Interior Photos are of 5872 SW Woodbridge but all units have the same layout***
Rare opportunity to acquire a fully occupied 8 unit portfolio n desirable Southwest Topeka. Built in 2015, this well maintained investment contains four duplexes featuring spacious 4 -bedroom, 3-bath floor plans with attached 2 car garages. Quality finishes throughout include hardwood flooring, porcelain tile, soft close cabinetry and a safe room. Each unit offers a functional multi-level layout with 2BR's and 2 baths on the main level and 2BR's, 1 bath and an additional living space upstairs. Tenants are responsible for utilities creating a low maintenance investment opportunity with strong cash flow potential. Current rates are below market, offering a future upside for investors seeking increased income potential. Consistent unit layouts, newer construction and strong tenant appeal make this a rare large-format asset in the Topeka market. Portfolio offered as a package. Excellent location with stable occupancy history. ***Note Interior Photos are of 5872 SW Woodbridge but all units have the same layout***
Rare opportunity to acquire a fully occupied 8 unit portfolio n desirable Southwest Topeka. Built in 2015, this well maintained investment contains four duplexes featuring spacious 4 -bedroom, 3-bath floor plans with attached 2 car garages. Quality finishes throughout include hardwood flooring, porcelain tile, soft close cabinetry and a safe room. Each unit offers a functional multi-level layout with 2BR's and 2 baths on the main level and 2BR's, 1 bath and an additional living space upstairs. Tenants are responsible for utilities creating a low maintenance investment opportunity with strong cash flow potential. Current rates are below market, offering a future upside for investors seeking increased income potential. Consistent unit layouts, newer construction and strong tenant appeal make this a rare large-format asset in the Topeka market. Portfolio offered as a package. Excellent location with stable occupancy history. ***Note Interior Photos are of 5872 SW Woodbridge but all units have the same layout***
Investment opportunity in Seaman School District. 8 units, washer and dryer hookups and each has separate utility meters. Property is being sold "as is".
Very nice side by side duplex. Both 2bd/1ba with a nice sized lvg room. All appliances furnished, including washer and dryer. Each unit has its own utility meters. Tucked away in a cute little neighborhood, across the street from Scotts Dual Language Elementary. Both sides are currently rented. Great investment opportunity. Duplex being sold as is! Home being sold as is.
Back on the market due to no fault of Sellers. This well-maintained triplex includes: Two 1-bedroom units and one 2-bedroom unit, all on month-to-month leases Detached 2-car garage – additional storage or tenant convenience Full basement – flexible space for storage or utility use Generous lot with large backyard – adds potential value West Topeka location – convenient for tenants and easy management Investment Highlights: Vinyl sided - low exterior maintenace Immediate rental income with positive cash flow Well-maintained property ready for ownership Ideal for expanding a portfolio or first-time in $165,000 FIRM....inspections welcome but selling "as is".
Located within the historic Woodward Inns on Fillmore enclave, the Woodward Max House presents a rare opportunity to own a ready-to-operate inn or bed & breakfast in one of Topeka’s most distinctive hospitality settings. Built circa 1890 and thoughtfully restored, this Grand Victorian residence blends period craftsmanship with modern guest comforts and has a successful history as a bed and breakfast and corporate lodging property. Positioned near the well-known Chester B. Woodward House, the property benefits from its association with a recognized historic lodging destination and event venue. The home features four bedrooms and four bathrooms, including suite-style accommodations well suited for guest stays. Inviting common areas provide welcoming gathering spaces, while the addition of a commercial kitchen allows for efficient meal service and catered events. A wrap-around front porch enhances the home’s classic Victorian character, and outdoor amenities including a spacious deck and hot tub create a relaxing retreat atmosphere for guests. This property is ideal for an owner-operator or investor seeking a charming, income-producing hospitality property with historic character, modern functionality, and a proven lodging legacy in central Topeka.
Located adjacent to the iconic Woodward estate, the Woodward Executive House offers a rare opportunity to own a charming, ready-to-operate inn or bed & breakfast in one of Topeka’s most historic residential districts. Built circa 1900 in the historic Throop’s Addition neighborhood, this distinguished residence reflects the early-20th-century character that defines the Woodward hospitality campus. Currently utilized for corporate lodging and guest accommodations supporting events at the neighboring Woodward Inn, the property has a long history of hospitality use, making it ideal for extended-stay guests, executive retreats, or boutique overnight lodging. Property Highlights: 3 bedrooms 3 full bathrooms, Approx. 2,507+ square feet of living space, Historic architectural charm with original details and fireplaces, Spacious lot offering privacy and outdoor enjoyment, Guest kitchen, dining, and gathering areas ideal for extended stays and small events, Proven use for corporate lodging and overflow accommodations for Woodward events. Perfect as a turnkey executive inn, extended-stay lodging property, or boutique hospitality residence, the Woodward Executive House provides guests with a private retreat atmosphere while benefiting from proximity to downtown Topeka, government offices, and cultural attractions. Continue the Woodward legacy of hospitality while offering an intimate and refined guest experience in this historic Topeka property.
Step into timeless elegance at the historic Chester B. Woodward House, a distinguished 1923 estate offering a rare opportunity to own and operate a fully equipped inn or bed & breakfast in the heart of Topeka. Built for prominent banker and businessman Chester B. Woodward and designed by Root & Siemens, this National Register–listed residence showcases classical revival design with striking English Tudor influences. Often described as castle-like in character, the residence features imported timbers and stonework inspired by historic English architecture and a dramatic two-story library modeled after a King Henry VIII era hall. Today, the property operates as a boutique hospitality venue and event destination, offering exceptional versatility for weddings, retreats, corporate stays, and luxury lodging. Property Highlights: 7 guest suites 8 bathrooms, Grand architectural details including stained glass, intricate woodwork & multiple fireplaces. Signature two-story library & elegant gathering spaces, Chef’s kitchen and formal dining areas ideal for hosted events, Beautiful gardens, patios & outdoor event spaces, Pool and serene courtyard setting, Approx. 8,646 + SF on a spacious lot, Renovated and maintained for modern comfort, Proven use as an inn, event venue & retreat destination, Perfectly suited for a turnkey boutique inn, wedding venue, corporate retreat center, or private luxury residence, The Woodward House blends historic prestige with income-producing potential. Guests enjoy proximity to downtown Topeka, cultural attractions, and business centers while retreating to an atmosphere of refined tranquility. Own a piece of Kansas history and continue the legacy of hospitality and elegance at one of Topeka’s most iconic estates. The sale also includes the adjoining 0.14-acre parcel, providing additional space for future expansion such as a chapel, tennis court, garden venue, or other guest amenities.
INVESTOR ALERT! This centrally located Topeka triplex offers immediate income with two units already rented and one vacant unit ready for a new tenant. Two units have been remodeled, and the property features a new AC and furnace. This is an excellent opportunity to own a property with strong rental upside. Located in the desirable College Hill neighborhood near Washburn University, this property provides convenient access to downtown and local amenities. The vacant unit can be shown anytime; occupied units require 24 hours’ notice.

![]() ![]() |
| Listings courtesy of Heartland MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of {{last updated}}. 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. The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc. (Heartland MLS). Copyright 2026, Heartland Multiple Listing Service, Inc. Heartland MLS and this broker do not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein. In consideration for the receipt of the information on this page, the recipient agrees to use the information solely for the private non-commercial purpose of identifying a property in which the recipient has a good faith interest in acquiring. The properties displayed on this website may not be all of the properties in the Heartland MLS database compilation, or all of the properties listed with other brokers participating in the Heartland MLS IDX program. Detailed information about the properties displayed on this website includes the name of the listing company. Heartland MLS Terms of Use. Heartland MLS GRID DMCA Notice. |

Topeka is located in Kansas. Topeka, Kansas has a population of 126,802. Topeka is less family-centric than the surrounding county with 28.6% of the households containing married families with children. The county average for households married with children is 30.62%.
The median household income in Topeka, Kansas is $50,870. The median household income for the surrounding county is $59,848 compared to the national median of $69,021. The median age of people living in Topeka is 38.1 years.
The average high temperature in July is 89 degrees, with an average low temperature in January of 18.6 degrees. The average rainfall is approximately 37.7 inches per year, with 15.6 inches of snow per year.