🏘️ 23‑Door SFR + Multifamily Portfolio – Topeka, KS

5652 Southwest 34th Terrace, Topeka, KS 66614 Asking Price: $2,300,000 Cap Rate: 8.89% NOI: $225,545 Total Properties: 17 Total Doors: 23

📌 Portfolio Summary

Property Type: Multifamily

Subtype: Single‑Family Rental Portfolio

Square Footage: 2,012 SF (per listing record)

Cap Rate: 8.89%

NOI: $225,545

Doors: 23

Addresses: 17 properties across Topeka

This is a rare, diversified portfolio blending the stability of multifamily with the broad tenant appeal of single‑family homes — all packaged into a single acquisition.

🏡 Included Addresses (23 Doors Across 9 Clusters)

717, 719 & 723 SW Lincoln Street

1011 SW Plass Avenue

2612, 2614, 2616 & 2618 SW Clay Street

3411 & 3413 SE Taurus Avenue

4428 & 4430 SE Oak Bend Drive

5652 SW 34th Terrace

6109A, 6109B, 6111A & 6111B SW 26th Street

These clusters create operational efficiency, tight geographic management, and strong rent‑roll stability.

💰 Investment Highlights

Rare portfolio scale: 23 doors in one transaction

Diversified mix: SFR + small multifamily

Strong income: $225,545 NOI

Attractive cap rate: 8.89%

Operational efficiency: Multiple clustered addresses

Tenant demand: SFR + MF mix appeals to broad renter base

Strategic foothold: Topeka continues to grow with stable employment drivers

📈 Why This Portfolio Works

Scalability: MF clusters allow for efficient management

Flexibility: SFR units attract long‑term renters

Risk diversification: Multiple asset types across multiple locations

Cash flow: Strong in‑place NOI with room for optimization

Market stability: Topeka offers affordable housing demand and consistent occupancy