5206 SW 23rd St, Topeka, KS 66614
5206 SW 23rd St, Topeka, KS 66614
5206 SW 23rd St, Topeka, KS 66614
Listed by Bobbie Lane • Real Broker, LLC
$1,380,000
Est. payment /mo
$1,850,000
25.4%
Est.Price: ?

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14,520 SqFt
SOLD DATE : 05/14/2026

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

Style Garden

Year Built 1970

Annual Tax Amount $10,989

Tax Year 2025

Property Sub-Type Multi Family

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

Interior

Heating Heat Pump

Cooling Multi Units, Window Unit(s)

Exterior

Garage Description Paved

Utilities Available Natural Gas Available, Sewer Available

View Y/N Yes

Roof Type Other

Building

Structure Type Masonry

Schools

Elementary Schools Mcclure

Middle Schools Marjorie French

High Schools Topeka West

School District Topeka Public Schools (Usd 501)

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Larry Hall

Larry Hall

+1(316) 212-0817

Agent | SPSP00236074

Agent SPSP00236074

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