Ranch-Style Half
New
For Sale
$179,900
1522 SW McAlister AVE, Topeka, KS 66604
Residential, Topeka, KS
Property Size1,796 SF
Lot Size0.12 Acres
Price / SF$100.17
Days on Market5
Property Features for 1522 SW McAlister AVE
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Basement, Bedroom 3, Bedroom 1, Dining Room, Bathroom 2, Family Room, Bedroom 2, Bathroom 1, Laundry Room
Patio and Porch features
Patio
Interior features
Carpet
Exterior features
Patio, Privacy
Fencing
Privacy
Basement
Concrete, Finished
Appliances
Electric Range, Microwave, Dishwasher, Refrigerator, Disposal, Washer, Dryer
Subdivision
Gage
Lot features
Corner Lot
Elementary school
Whitson Elementary School/USD 501
Middle school
Landon Middle School/USD 501
High school
Topeka West High School/USD 501
Directions
Corner of McAlister and Drury Lane
Standard status
Active
APN
R48349
Size
1,796 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
2182
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
finished basement
fenced patio
Building Details
Year built
1972
Flooring type
Laminate, Tile - Ceramic
Building materials
Frame, Vinyl Siding
Architectural style
Ranch
Listing Agency:
EXP Realty LLC
(913) 451-6767
Listed By:
Colette Murphy
(919) 745-0078
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 5 at 2:06PM
MLS# 246827
Copyright © 2026 Sunflower Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,796-square-foot ranch-style half duplex has two conforming bedrooms, one nonconforming bedroom, and two bathrooms. The finished basement includes a family room and additional bonus space. Recent work includes a roof and gutter replacement, interior paint, new LVP and carpet, updated bathroom vanities, and new light fixtures. A side-entry, single-car garage and fenced patio round out the property.
The home occupies a 0.12-acre corner lot at 1522 SW McAlister Ave in Topeka. Ward Parkway Park is nearby. Public water and sewer serve the property.
The home occupies a 0.12-acre corner lot at 1522 SW McAlister Ave in Topeka. Ward Parkway Park is nearby. Public water and sewer serve the property.
Key Highlights
- 1,796‑square‑foot ranch‑style half duplex
- Two conforming bedrooms, one nonconforming bedroom, and two bathrooms
- Finished basement with family room and bonus space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,612
Cap Rate
7.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$252,240
$252.2K
Cap Rate 7%
$180,171
$180.2K
Cap Rate 9%
$140,133
$140.1K
Market Conditions
NOI Build-Up for 1,796 SF
Gross rent
$24.1K $13.44/SF
− Vacancy
−$1.2K −$0.67/SF
EGI
$22.9K $12.77/SF
− OpEx
−$10.3K −$5.75/SF
NOI
$12.6K $7.02/SF
Area
Topeka, KS
Vacancy
5.00%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$252,240
Cap Rate 7%
$180,171
Cap Rate 9%
$140,133
Alternative Uses
Best Use
Apartment 5plus
$180.2K
$157.7K – $210.2K
NOI $12,612 @ 7.0% cap · market cap 7.01%
Second Best
—
—
no second resolved use
Theoretical Best
Self Storage
$202.6K
$177.3K – $236.4K
NOI $14,181 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
423
Businesses Nearby
Explore this area
Business Placement
Demographics for 66604, KS
22,933
Population
10,820
Households
2.1
Avg Household Size
38
Median Age
35%
College-Educated
93%
High-School Grad
6.8 sq mi
ZIP Area
3,373
Density / Sq Mi
$59,690
Median Household Income
$39,270
Median Earnings
$1,032
Median Rent
$126,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Finished lower-level space adds a family room, bonus area, and a third nonconforming bedroom.
Where is this residential income property located?
The property is located at 1522 SW McAlister AVE Topeka, KS.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: 1,796‑square‑foot ranch‑style half duplex; Two conforming bedrooms, one nonconforming bedroom, and two bathrooms; Finished basement with family room and bonus space
