Address
538 Ne Grattan St, Topeka, KS
Price
$ 618,000
Property Attributes
- MLS#246140
- TypeSingle Family
- Listing Status Active
- CountySHAWNEE
- CityTopeka
- AreaShawnee County
- NeighborhoodHeerys
- Zip66616
- StyleTwo Story
- Year Built1912
- Taxes$ 652
- Price$ 618,000
- Bedrooms2
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage863
- Lot Size0.07174 Acres
Data Source:
Sunflower MLS (SAORMLS)
Property Description
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. Contact the listing agent for rent roll, income and expense details, and showing instructions.
| Elementary School | Middle School | High School |
|---|---|---|
| State Street Elementary School/USD 501 | Chase Middle School/USD 501 | Highland Park High School/USD 501 |
| Price History | |
|---|---|
| 8/19/2026 | Listed $618,000 |
General Features
| Living Area | 863 |
|---|---|
| Architectural Style | Two Story |
| Year Built | 1912 |
| Property Subtype | Package of Properties |
| County | Shawnee County |
| Property Type | Residential |
| HOA | No |
| Subdivision Name | Heery's |
| Full Baths | 1 |
| Status | Active |
| Directions | Ne Seward to NE Grattan,north to property. |
| High School | Highland Park High School/USD 501 |
| City | Topeka |
| Elementary School | State Street Elementary School/USD 501 |
| Tax Annual Amount | 652.6 |
| Middle/Junior High School | Chase Middle School/USD 501 |
| Structure Type | Stick Built |
| Standard Status | Active |
| Ownership Type | Private |
Interior Features
| Basement (Y/N) | Yes |
|---|---|
| Above Grade Finished Area | 863 |
| Total Bedrooms | 2 |
| Total Baths | 1 |
Exterior Features
| Lot Dimensions | 25x125 |
|---|
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 66616
Price
Taxes
Year Built
Visits
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