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, established Topeka neighborhoods. Sold as a package at $618,000.
For sale
$618,000
1724 SE Pennsylvania Ave, Topeka, KS 66607
--beds
--baths
--sqft
Package of Properties, Multi Family
Built in 1959
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 53 days
- 59
- 2
Zillow last checked:
Listing updated:
Listed by:
Patrick Habiger 785-969-6080,
KW One Legacy Partners, LLC,
Jacob Yohn 785-409-7475,
KW One Legacy Partners, LLC
Source: Sunflower AOR as distributed by MLS GRID,MLS#: 246137
Facts & features
Interior
Features
- Has fireplace: No
Property
Lot
- Size: 8,712 Square Feet
- Dimensions: 155 x 56
Details
- Parcel number: R32402
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Package of Properties, Multi Family
Condition
- Year built: 1959
Community & HOA
Community
- Subdivision: Drake
Location
- Region: Topeka
Financial & listing details
- Tax assessed value: $2,530
- Annual tax amount: $1,753
- Date on market: 8/19/2026
- Cumulative days on market: 54 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/19/2026 | Listed for sale | $618,000 |
Source:  Sunflower AOR as distributed by MLS GRID #246137 Report a problem | ||
| 1/9/2026 | Listing removed | $900 |
Source: Zillow Rentals Report a problem | ||
| 12/26/2025 | Listed for rent | $900 |
Source: Zillow Rentals Report a problem | ||
| 12/16/2025 | Listing removed | $900 |
Source: Zillow Rentals Report a problem | ||
| 11/13/2025 | Listed for rent | $900+12.5% |
Source: Zillow Rentals Report a problem | ||
| 10/7/2024 | Listing removed | $800 |
Source: Zillow Rentals Report a problem | ||
| 9/19/2024 | Listed for rent | $800+88.2% |
Source: Zillow Rentals Report a problem | ||
| 10/12/2013 | Listing removed | $425 |
Source: Postlets Report a problem | ||
| 9/16/2013 | Price change | $425-5.6% |
Source: RMF LLC Report a problem | ||
| 9/4/2013 | Listed for rent | $450 |
Source: RMF LLC Report a problem | ||
| 8/21/2009 | Sold | -- |
Source: Sunflower AOR as distributed by MLS GRID #152731 Report a problem | ||
| 12/27/2007 | Sold | -- |
Source: Sunflower AOR as distributed by MLS GRID #143828 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,754 +1.7% | $12,742 |
| 2024 | $1,725 -0.2% | $12,742 +4.5% |
| 2023 | $1,728 +10.6% | $12,192 +14% |
| 2022 | $1,562 +56.1% | $10,695 +63.6% |
| 2021 | $1,000 | $6,536 +3% |
| 2020 | -- | $6,345 +3% |
| 2019 | -- | $6,159 +2% |
| 2018 | $917 -0.2% | $6,039 |
| 2017 | $919 -0.1% | $6,039 |
| 2014 | $920 | $6,039 -4% |
| 2010 | -- | $6,291 |
| 2008 | -- | $6,291 |
| 2007 | -- | $6,291 +2.4% |
| 2006 | -- | $6,141 +3.1% |
| 2005 | -- | $5,957 +4% |
| 2004 | -- | $5,727 +9% |
| 2003 | -- | $5,256 |
| 2002 | -- | $5,256 +45.1% |
| 2000 | -- | $3,623 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Central Highland Park
Nearby schools
Schools provided by the listing agent
- Elementary: Williams Science/Fine Arts Elementary School/USD
- Middle: Eisenhower Middle School/USD 501
- High: Highland Park High School/USD 501
Source: Sunflower AOR as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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