Property Attributes
- MLS#246138
- TypeSingle Family
- Listing Status Active
- CountySHAWNEE
- CityTopeka
- AreaShawnee County
- NeighborhoodC R Jones Addn
- Zip66616
- StyleBungalow
- Year Built1900
- Taxes$ 803
- Price$ 618,000
- Bedrooms2
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage872
- Lot Size0.21522 Acres
Data Source:
Sunflower MLS (SAORMLS)
Property Description
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. Contact the listing agent for rent roll, income and expense details, and showing instructions.
| Elementary School | Middle School | High School |
|---|---|---|
| State Street Elementary School/USD 501 | Chase Middle School/USD 501 | Highland Park High School/USD 501 |
| Price History | |
|---|---|
| 8/19/2026 | Listed $618,000 |
General Features
| Living Area | 872 |
|---|---|
| Roof | Composition |
| Architectural Style | Bungalow |
| Construction Materials | Vinyl Siding |
| Year Built | 1900 |
| Property Subtype | Package of Properties |
| County | Shawnee County |
| Property Type | Residential |
| HOA | No |
| Subdivision Name | C R Jones Addn |
| Full Baths | 1 |
| Status | Active |
| Directions | NE Seward Ave to Grattan,North on Grattan (one-way) to property. |
| High School | Highland Park High School/USD 501 |
| City | Topeka |
| Elementary School | State Street Elementary School/USD 501 |
| Tax Annual Amount | 803.32 |
| Middle/Junior High School | Chase Middle School/USD 501 |
| Structure Type | Stick Built,Bungalow |
| Standard Status | Active |
| Ownership Type | Private |
Interior Features
| Interior Amenities | Carpet |
|---|---|
| Basement | Crawl Space,Outside Entry Only |
| Flooring | Vinyl |
| Basement (Y/N) | Yes |
| Above Grade Finished Area | 872 |
| Laundry Features | Main Level |
| Total Bedrooms | 2 |
| Total Baths | 1 |
Exterior Features
| Lot Dimensions | 125x75 |
|---|
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc. (
Flint Hills MLS All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Sunflower Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
Lawrence Board of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested