Investment Opportunity: 24-Unit Apartment Complex in Prime Topeka Location This 24-unit apartment complex offers immediate cash flow and long-term upside, with 21 units currently occupied and 3 units vacant. Featuring a mix of one-bedroom and two-bedroom units, the property generates a solid monthly rental income of $14,005. With potential of $16,800 by bringing the average rent to $700 a door from $666 a door. Some Utilities paid by tenants. Tenants enjoy off-street parking and access to a central laundry facility, adding convenience and value to their living experience. Located in the heart of Topeka—just minutes from Topeka High School, the State Capitol, Evergy Plaza, and the shops and restaurants along revitalized Kansas Avenue—this complex is perfectly positioned for renters seeking walkable access to the city’s top amenities. A strong performer in a prime area, this property is a smart addition to any investment portfolio.
For sale
$995,000
817 SW Tyler St, Topeka, KS 66612
24beds
--baths
--sqft
Est.:
Apartment, Multi Family
Built in 1977
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Off-street parking
- 236 days |
- 335 |
- 13 |
Zillow last checked: 8 hours ago
Listing updated: August 29, 2025 at 06:01pm
Listed by:
John Ringgold 785-806-2711,
KW One Legacy Partners, LLC,
Riley Ringgold 785-817-9724,
KW One Legacy Partners, LLC
Source: Sunflower AOR,MLS#: 238979
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 24
Heating
- Electric
Cooling
- Electric
Appliances
- Included: Refrigerator, Range, Dishwasher, Washer, Dryer
- Laundry: Common Area
Features
- Flooring: Slab
- Has fireplace: No
Property
Parking
- Total spaces: 24
- Parking features: Paved, On Site
Lot
- Size: 0.35 Acres
Details
- Parcel number: R26215
- Zoning description: M-3 Multi-Family
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment, Multi Family
Materials
- Frame
- Roof: Composition
Condition
- Year built: 1977
Utilities & green energy
- Water: Public
Community & HOA
Community
- Subdivision: Original Town
Location
- Region: Topeka
Financial & listing details
- Tax assessed value: $52,770
- Annual tax amount: $12,950
- Date on market: 4/18/2025
- Cumulative days on market: 207 days
- Lease term: Other
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 8/25/2025 | Listed for sale | $995,000 |
Source: | ||
| 8/19/2025 | Pending sale | $995,000 |
Source: | ||
| 7/29/2025 | Price change | $995,000-17.1% |
Source: | ||
| 4/18/2025 | Listed for sale | $1,200,000+112.4% |
Source: | ||
| 4/29/2022 | Sold | -- |
Source: | ||
Public tax history
Public tax history
Tax history is unavailable.BuyAbility℠ payment
Est. payment
$6,492/mo
Principal & interest
$4909
Property taxes
$1235
Home insurance
$348
Climate risks
Neighborhood: Oldtown
Nearby schools
GreatSchools rating
- 6/10Meadows Elementary SchoolGrades: PK-5Distance: 0.8 mi
- 4/10Robinson Middle SchoolGrades: 6-8Distance: 0.9 mi
- 5/10Topeka High SchoolGrades: 9-12Distance: 0.2 mi
Schools provided by the listing agent
- Elementary: Meadows Elementary School/USD 501
- Middle: Robinson Middle School/USD 501
- High: Topeka High School/USD 501
Source: Sunflower AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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