Courtesy: Lutz Sales + Investments
Michelle Lutz
913-426-5576
The Kapital offers investors a rare chance to acquire a truly turnkey, fully renovated multifamily community in a highly convenient Topeka location. This three-story, 36-unit property was completely reimagined from top to bottom in 2021, with an extensive renovation taken down to the studs. Major improvements included new roofs, windows, HVAC, electrical, plumbing, & updated unit interiors—allowing a new owner to step into an extensively renovated asset without the deferred maintenance and near-term capital expenditures commonly associated with older multifamily properties. The community offers a desirable mix of studio and one-bedroom apartments featuring new flooring, cabinetry, SS appliances, granite countertops, and in-unit stacked washers and dryers. All units are separately metered for utilities, helping simplify operations and minimize owner expenses, while gated parking provides an additional amenity for residents. With virtually every major building component replaced or upgraded during the 2021 renovation, The Kapital was designed to be an exceptionally easy asset to own and operate. The extensive improvements, efficient unit mix, separate utility metering, and modern interiors create an attractive combo of operational simplicity and long-term durability for an investor seeking stabilized multifamily ownership. The property is also exceptionally well positioned within Topeka, offering convenient access to Washburn University, the Kansas State Capitol, downtown Topeka, major employment centers, government offices, dining, shopping, and other everyday amenities. Its central location provides access to multiple employment and renter-demand drivers rather than relying on any single tenant base. For investors seeking scale without taking on a major reno project, The Kapital represents a compelling opportunity: 36 extensively reno'd units, modern building systems, attractive resident amenities, and a central location—all packaged into a turnkey investment.
Courtesy: KW One Legacy Partners, LLC
785-246-8075
Investment opportunity with established rental history! This duplex offers two units, both included in the sale, with long-term tenants currently in place. Each side features 2 bedrooms and 1 full bathroom, providing a functional layout with consistent rental use. The property also includes a shared laundry area for tenant convenience and a large backyard with plenty of outdoor space. A detached 2-car garage provides additional storage and parking potential but is currently in need of TLC. With established tenants already occupying both units, this property offers an opportunity for an investor looking to add an income-producing duplex to their portfolio. Conveniently located with easy access to shopping, schools, highways, and other Topeka amenities.
Courtesy: Capitol City Real Estate
785-235-8333
Great opportunity to own a centrally located Tri-plex close to downtown Topeka. Each unit has 2 bedrooms, a full and half bath, laundry area and additional storage in the basement plus an off-street parking spot at the rear of the building with additional on-street parking if needed. Tenants pay their own gas and electric service. 2 units are currently occupied and will not be shown without an acceptable offer. This property is being sold "As-Is" with inspections for informational purposes only.
Courtesy: KW One Legacy Partners, LLC
785-246-8075
Turnkey cash flow opportunity in a converted triplex, 100% occupied. Off street parking and three separate units bringing in $2,455 a month in total rent. The front door leads up to the top unit, a spacious 3 bedroom 1 bath. Downstairs, two separate back entrances lead to two individual 1 bedroom 1 bath units. All utilities are paid by the landlord, keeping tenant turnover low and rent rolls steady. 2,300 total square feet across all three units. This is a rare find for investors looking for a property that cash flows from day one. Fully occupied, solid unit mix, and a location that keeps units filled. If you've been searching for a plug and play income property, this is it.
Courtesy: KW One Legacy Partners, LLC
785-246-8075
Opportunity to add a fully occupied duplex to your investment portfolio! 1430 SW Polk features two 2-bedroom, 1-bath units offering immediate rental income from day one. With both units currently occupied, this property provides an easy entry into multifamily investing or a solid addition to an established portfolio. Conveniently located near downtown Topeka with easy access to shopping, employment and major roadways. A straightforward, income-producing property with long-term potential.
Courtesy: KW One Legacy Partners, LLC
785-246-8075
Five units, fully occupied and producing income from day one! This multifamily property features a mix of four 1-bedroom units and one 2-bedroom unit, providing a diversified rental setup under one roof. With established tenants already in place, this is an opportunity for an investor to step into immediate cash flow while maintaining potential for future rent growth. Conveniently located near downtown Topeka with quick access to shopping, employment and major roadways. Whether you’re growing an existing portfolio or looking for your next multifamily acquisition, this is a solid opportunity to pick up five doors in one property.
Courtesy: KW One Legacy Partners, LLC
785-246-8075
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.
Courtesy: KW One Legacy Partners, LLC
785-246-8075
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.
Courtesy: KW One Legacy Partners, LLC
785-246-8075
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.
Courtesy: Kirk & Cobb, Inc.
785-272-5555
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.
Courtesy: Prime Realty, LLC
785-251-3415
Turnkey Triplex – Investment or Owner-Occupant Opportunity! Don’t miss this 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. 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 an 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! Ask about a cash discount opportunity!
Courtesy: Berkshire Hathaway First
785-271-2888
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***
Courtesy: Berkshire Hathaway First
785-271-2888
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***
Courtesy: Berkshire Hathaway First
785-271-2888
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***
Courtesy: Berkshire Hathaway First
785-271-2888
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***
Courtesy: KW One Legacy Partners, LLC
785-246-8075
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.
Courtesy: KW One Legacy Partners, LLC
785-246-8075
Seize this superb investment opportunity and secure an immediate stream of rental income with these fully-occupied properties for sale in Topeka, Kansas. This package comprises three side-by-side duplexes, yielding a total of six units with gross rental income of $3,250/mo. Each unit offers one bedroom and one bathroom. County has all three properties listed under 2104 SE California Ave. Individual property addresses are 2104, 2106, & 2108 SE California Ave. Don't miss out on this rare opportunity to secure a multi-family investment package. The detailed rent information is available upon request.
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.
Courtesy: KW One Legacy Partners, LLC
785-246-8075
Prime Investment Opportunity. Own a piece of Topeka history with the Delmonte Apartments, now officially registered with State of Kansas Preservation Office. Zoning and parking are approved by City of Topeka, and the building might be eligible for multiple local, state, and federal incentives—including significant tax credits, grants, and long-term tax reimbursement programs. Call you agent for a tour and get more info today.
Courtesy: KW One Legacy Partners, LLC
785-246-8075
3 houses for sale. All have 4 bedrooms, 2 bathrooms, unfinished basements & central HVAC. Each property has two furnaces: one for the main & one for the upper floor. There is an air conditioner upstairs where it pulls heat from the first floor, so it will cool the entire house. Selling AS IS.
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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.
