5206 SW 23rd St, Topeka, KS 66614

Local realty services provided by:Better Homes and Gardens Real Estate Wostal Realty
5206 SW 23rd St,Topeka, KS 66614
$1,850,000
Virtual Tour
  • - Beds
  • - Baths
  • 14,520 sq. ft.
  • Multi-family
  • Active
Listed by: bobbie lane
Office: real broker, llc.
MLS#:668142
Source:South Central Kansas MLS

Price summary

  • Price:$1,850,000
  • Price per sq. ft.:$127.41

About this home

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.

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Home facts

  • Year built:1970
  • Listing ID #:668142
  • Added:1 day(s) ago
  • Updated:February 12, 2026 at 06:33 PM

Rooms and interior

  • Living area:14,520 sq. ft.

Heating and cooling

  • Cooling:Window Unit(s)
  • Heating:Heat Pump

Structure and exterior

  • Year built:1970
  • Building area:14,520 sq. ft.

Schools

  • High school:Topeka West
  • Middle school:Marjorie French
  • Elementary school:McClure

Utilities

  • Water:Public
  • Sewer:Sewer Available

Finances and disclosures

  • Price:$1,850,000
  • Price per sq. ft.:$127.41
  • Tax amount:$10,989 (2025)
Copyright 2026 South Central Kansas MLS. All rights reserved. Listings courtesy of South Central Kansas as distributed by MLS GRID<lastMLSCheckTimestamp>. This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. The information being provided is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 1993-2026 South Central Kansas MLS. All rights reserved.

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