940/942 NE Poplar St, Topeka, KS 66616

Topeka
Local realty services provided by:ERA High Pointe Realty
940/942 NE Poplar St,Topeka, KS 66616
$618,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: patrick habiger, jacob yohn
Office: kw one legacy partners, llc.
MLS#:246145
Source:KS_TAAR

Price summary

  • Price:$618,000

About this home

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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Home facts

  • Year built:1940
  • Subdivision & Development:Jenkin W. Morris
  • Listing ID #:246145
  • Added:48 day(s) ago
  • Updated:October 07, 2026 at 03:21 PM

Structure and exterior

  • Year built:1940
  • Architectural Style:Side-by-Side

Schools

  • High school:Highland Park High School/USD 501
  • Middle school:Chase Middle School/USD 501
  • Elementary school:State Street Elementary School/USD 501

Finances and disclosures

  • Price:$618,000
  • Tax amount:$1,171
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