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.
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Zillow last checked:
Listing updated:
Listed by:
Patrick Habiger785-969-6080,
KW One Legacy Partners, LLC,
Jacob Yohn785-409-7475,
KW One Legacy Partners, LLC
Source: Sunflower AOR as distributed by MLS GRID,MLS#: 246145
Facts & features
Interior
Features
Has fireplace: No
Property
Lot
Size: 6,534 Square Feet
Details
Parcel number: R21244
Construction
Type & style
Home type: MultiFamily
Property subtype: Package of Properties, Multi Family
Condition
Year built: 1940
Community & HOA
Community
Subdivision: Jenkin W. Morris
Location
Region: Topeka
Financial & listing details
Tax assessed value: $4,700
Annual tax amount: $1,170
Date on market: 8/19/2026
Cumulative days on market: 8 days
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
8/19/2026
Listed for sale
$618,000
Source: Sunflower AOR as distributed by MLS GRID #246145Report a problem
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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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.