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5206 SW 23rd St Topeka, KS 66614
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Key Details
Sold Price $1,380,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 14,520 sqft
Price per Sqft $95
Subdivision None Listed On Tax Record
MLS Listing ID SCK668142
Sold Date 05/14/26
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
Property Description
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.
Location
State KS
County Shawnee
Direction Corner of SW 23rd & Fairlawn
Rooms
Basement None
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
Building
Architectural Style Garden
Structure Type Masonry
Schools
Elementary Schools Mcclure
Middle Schools Marjorie French
High Schools Topeka West
School District Topeka Public Schools (Usd 501)
Others
Financing Other
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