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Apartment Portfolio | SW Topeka 3 Multifamily Properties Offered at $1,850,000 in Topeka, KS
Investment Highlights
- 69%+ current occupancy with upside through stabilization
- Functional floor plans appealing to long-term tenants
- Value-add potential via lease-up, rent optimization, and management efficiencies
Executive Summary
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.
Key Features
Three-building multifamily portfolio located in Southwest Topeka
69%+ current occupancy with upside through stabilization
Value-add potential via lease-up, rent optimization, and management efficiencies
Functional floor plans appealing to long-term tenants
Strong location with proximity to employment centers, retail, and transportation routes
This portfolio is ideal for investors seeking:
A value-add multifamily asset
Opportunity to increase occupancy and rents
Ability to implement management efficiencies
Entry into or expansion within the Topeka multifamily market
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.
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.
Key Features
Three-building multifamily portfolio located in Southwest Topeka
69%+ current occupancy with upside through stabilization
Value-add potential via lease-up, rent optimization, and management efficiencies
Functional floor plans appealing to long-term tenants
Strong location with proximity to employment centers, retail, and transportation routes
This portfolio is ideal for investors seeking:
A value-add multifamily asset
Opportunity to increase occupancy and rents
Ability to implement management efficiencies
Entry into or expansion within the Topeka multifamily market
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.
Property Facts
| Price | $1,850,000 | Number of Properties | 3 |
| Price / SF | $149.75 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 12,354 SF |
| Status | Active | Total Land Area | 1.18 AC |
| Price | $1,850,000 |
| Price / SF | $149.75 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 12,354 SF |
| Total Land Area | 1.18 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 5215 SW 22nd Park, Topeka, KS 66614 | Multifamily | 7,366 SF | 1970 | - |
| 5216 SW 23rd St, Topeka, KS 66614 | Multifamily | 2,494 SF | 1970 | - |
| 5206 SW 23rd St, Topeka, KS 66614 | Multifamily | 2,494 SF | 1970 | - |
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Apartment Portfolio | SW Topeka
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