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 Topeka neighborhoods. Sold as a package at $618,000. Contact the listing agent for rent roll, income and expense details, and showing instructions.
For sale
$618,000
538 NE Grattan St, Topeka, KS 66616
2beds
863sqft
Package of Properties, Residential
Built in 1912
3,049 Square Feet Lot
$-- Zestimate®
$716/sqft
$-- HOA
What's special
- 22 days
- 56
- 2
Zillow last checked:
Listing updated:
Listed by:
Patrick Habiger 785-969-6080,
KW One Legacy Partners, LLC
Source: Sunflower AOR as distributed by MLS GRID,MLS#: 246140
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Primary bedroom
- Level: Upper
- Area: 161.04
- Dimensions: 12.2 x 13.2
Dining room
- Level: Main
- Area: 119.48
- Dimensions: 11.6 x 10.3
Kitchen
- Level: Main
- Area: 112.34
- Dimensions: 7.11 x 15.8
Laundry
- Level: Main
Living room
- Level: Main
- Area: 172.92
- Dimensions: 13.1 x 13.2
Features
- Has basement: Yes
- Has fireplace: No
Interior area
- Total structure area: 863
- Total interior livable area: 863 sqft
- Finished area above ground: 863
- Finished area below ground: 0
Property
Features
- Levels: Two
Lot
- Size: 3,049 Square Feet
- Dimensions: 25 x 125
Details
- Parcel number: R304229
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Package of Properties, Residential
Condition
- Year built: 1912
Community & HOA
Community
- Subdivision: Heery's
HOA
- Has HOA: No
Location
- Region: Topeka
Financial & listing details
- Price per square foot: $716/sqft
- Tax assessed value: $43,260
- Annual tax amount: $652
- Date on market: 8/19/2026
- Cumulative days on market: 23 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$716/sqft |
Source:  Sunflower AOR as distributed by MLS GRID #246140 Report a problem | ||
| 4/7/2018 | Listing removed | $550$1/sqft |
Source: RMF LLC Report a problem | ||
| 1/13/2018 | Listed for rent | $550$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 6/29/2009 | Sold | -- |
Source: Sunflower AOR as distributed by MLS GRID #152391 Report a problem | ||
| 10/5/2006 | Sold | -- |
Source: Sunflower AOR as distributed by MLS GRID #135242 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $653 +4.8% | $4,975 +3% |
| 2024 | $623 +47.3% | $4,830 +48.2% |
| 2023 | $423 +5% | $3,260 +9% |
| 2022 | $403 +2.4% | $2,990 +9% |
| 2021 | $393 | $2,743 +2% |
| 2020 | -- | $2,689 +3% |
| 2019 | $370 -13% | $2,611 -11.7% |
| 2018 | $425 -0.2% | $2,956 |
| 2017 | $426 -0.1% | $2,956 -22.4% |
| 2014 | $427 | $3,807 +37.9% |
| 2010 | -- | $2,760 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Oakland
Nearby schools
Schools provided by the listing agent
- Elementary: State Street Elementary School/USD 501
- Middle: Chase 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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