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5206 SW 23rd St

Topeka, KS 66614
  • $1,850,000
  • STATUS: Active
  • MLS #: 668142
UPDATED: 35 min ago
$1,850,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 14,520
    SQFT
  • $127
    $/SQFT
Type:
Condo
Built:
1970
County:

School Information

Elementary School:
Middle School:
High School:

Listing information © 2026 South Central Kansas MLS.
Listing provided courtesy of Bobbie Lane of Real Broker, LLC .




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.

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This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. ©2026 South Central Kansas MLS. All rights reserved. IDX information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2026-03-08T20:00:59.323.
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5206 SW 23rd St Topeka, KS 66614

  • Price: $1,850,000
  • Status: Active
  • On Site: Days
  • Updated: 35 min ago
  • MLS #: 668142
0
Beds
0
Baths
0
½ Baths
N/A
Acres
14,520
SQFT
$127
$/SQFT
1970
Built
Neighborhood:
None Listed On Tax Record
County:
Shawnee
Elementary School:
Mcclure
Middle School:
Marjorie French
High School:
Topeka West
School District:
Topeka Public Schools (Usd 501)
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.
Exterior Features

Construction Materials Masonry Parking Features Paved Parking Total 10 Roof Other

Interior Features

Appliances Range Basement None Basement Finish Per None Basement Use Tenant LaundryTenant Storage Cooling Multi UnitsWindow Unit(s) Heating Heat Pump

Property Features

Architectural Style Garden Association YN No Current Financing Other Lot Size Area 51479 Owner Finance YN No Ownership Corporate Property Sub Type Multi Family Street Additional Info 5215 SW 22nd Park & 5216 SW 23rd St Tax Annual Amount 10989.16 Tax Year 2025 Terms Of Tenancy 1 Year or More Transaction Type For Sale Utilities Natural Gas AvailableSewer Available Water Source Public

Listing courtesy of Bobbie Lane of Real Broker, LLC: .


This information is not verified for authenticity or accuracy, is not guaranteed and may not reflect all real estate activity in the market. ©2026 South Central Kansas MLS. All rights reserved. IDX information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2026-03-08T20:00:59.323.
 
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Graham Realtors
9505 W. Central
Wichita KS, 67212

Listing information © 2026 South Central Kansas MLS.
Listing provided courtesy of Bobbie Lane of Real Broker, LLC .