Multi-Family $ 1,850,000

5206 SW 23rd St

Topeka, KS 66614

  • 14,520 SqFt
  • 1970 Year Built
This multifamily portfolio features three apartment buildings located in Southwest Topeka, offering investors a value-add opportunity in a stable rental market. The properties are currently operating at 69%+ occupancy, providing immediate cash flow with upside potential through lease-up and operational improvements. The buildings offer a practical unit mix and functional layouts attractive to the local renter base. With convenient access to major roads, employers, shopping, and services, these properties are well positioned for long-term demand. Properties may be sold together as a portfolio or evaluated individually (subject to seller terms). Financials, rent roll, and additional property details available upon request. Do not disturb tenants. Showings by appointment only.
Listed by Bobbie Lane of Real Broker, LLC

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type Multi Family

    Listing Status Pending

    Purchase Type For Sale

    Square Footage 14, 520 sqft

    Price per Sqft $127

    Subdivision None Listed On Tax Record

    MLS Listing ID SCK668142

    Style Garden

    Total Fin. Sqft 14520

    Year Built 1970

    Annual Tax Amount $10,989

    Tax Year 2025

    Lot Dimensions 51479

    Property Sub-Type Multi Family

    Source sckansas

  • Location

    State KS

    County Shawnee

    Direction Corner of SW 23rd & Fairlawn

  • Rooms

    Basement None

  • Building

    Architectural Style Garden

    Structure Type Masonry

  • Interior

    Heating Heat Pump

    Cooling Multi Units, Window Unit(s)

    Fireplace No

    Appliance Range

    Heat Source Heat Pump

  • Exterior

    Garage Description Paved

    Utilities Available Natural Gas Available, Sewer Available

    View Y/N Yes

    Roof Type Other

    Total Parking Spaces 10

  • Schools

    Elementary Schools Mcclure

    Middle Schools Marjorie French

    High Schools Topeka West

    School District Topeka Public Schools (Usd 501)

  • Others

    Financing Other

CONTACT

Bobbie Lane
Bobbie Lane

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