3BR Ranch Half Duplex with
For Sale
$210,000
1800 SE 44th Ter, Topeka, KS 66609
Residential, Topeka, KS
Property Size2,243 SF
Lot Size0.18 Acres
Price / SF$93.62
Days on Market30
Property Features for 1800 SE 44th Ter
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Dining Room, Family Room, Laundry Room, Bathroom 2, Bedroom 2, Bedroom 1, Basement, Bathroom 1, Bedroom 3, Bathroom 3
Window features
Storm Window(s)
Patio and Porch features
Patio
Interior features
Sheetrock
Exterior features
Storm Door(s), Patio, Storage Shed
Basement
Partially Finished, Concrete, Full, Sump Pump
Appliances
Electric Range, Refrigerator, Auto Garage Opener(s), Garage Opener Control(s)
Subdivision
Southboro
Lot features
Sidewalk
Elementary school
Tecumseh South Elementary School/USD 450
Middle school
Shawnee Heights Middle School/USD 450
High school
Shawnee Heights High School/USD 450
Directions
From SE 45th & SE California, North on California to SE 44th Ter. West to home.
Standard status
Active
APN
R40225
Size
2,243 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Annual Amount
3451
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
2000
Flooring type
Hardwood
Roof type
Composition
Architectural style
Ranch
Additional Structures
Storage
Listing Agency:
Countrywide Realty, Inc.
(785) 272-8790
Listed By:
Daniel Kooser · License #SP00033250
(785) 231-7785
Added: Jul 27
Changed: Aug 23
Last Checked: Aug 25 at 2:06PM
MLS# 245653
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 ranch-style half duplex offers 3 bedrooms and 3 bathrooms, along with a functional interior layout and a partially finished basement that adds additional living space. The home also features a 12' x 14' sun room with both air conditioning and heat, making it usable across seasons. An attached 2-car garage provides convenient day-to-day parking.
The property is located in the Shawnee Heights School District. Showings are set to begin 07/27/26, though the showing begin date is subject to change. The Seller may accept sight unseen offers.
With its combination of main-level living space, basement finish, and an HVAC-equipped sun room, the layout is suited to households looking for more room to spread out under one roof.
The property is located in the Shawnee Heights School District. Showings are set to begin 07/27/26, though the showing begin date is subject to change. The Seller may accept sight unseen offers.
With its combination of main-level living space, basement finish, and an HVAC-equipped sun room, the layout is suited to households looking for more room to spread out under one roof.
Key Highlights
- Spacious 3‑bedroom, 3‑bath half duplex in the Shawnee Heights School District
- Partially finished basement with added living space
- 12' x 14' sun room with AC and heat
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,751
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$315,020
$315.0K
Cap Rate 7%
$225,014
$225.0K
Cap Rate 9%
$175,011
$175.0K
Market Conditions
NOI Build-Up for 2,243 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$30.1K $13.44/SF
− Vacancy
−$1.5K −$0.67/SF
EGI
$28.6K $12.77/SF
− OpEx
−$12.9K −$5.75/SF
NOI
$15.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$315,020
Cap Rate 7%
$225,014
Cap Rate 9%
$175,011
Alternative Uses
Best Use
Apartment 5plus
$225.0K
$196.9K – $262.5K
NOI $15,751 @ 7.0% cap · market cap 7.50%
Second Best
—
—
no second resolved use
Theoretical Best
Self Storage
$253.0K
$221.4K – $295.2K
NOI $17,711 @ 7.0% cap · market cap 8.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Explore this area
Business Placement
Demographics for 66609, KS
7,519
Population
3,832
Households
2
Avg Household Size
39
Median Age
29%
College-Educated
94%
High-School Grad
12.5 sq mi
ZIP Area
602
Density / Sq Mi
$63,949
Median Household Income
$46,378
Median Earnings
$1,050
Median Rent
$108,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Ranch-style half duplex with 3 bedrooms, 3 baths, a partially finished basement, sun room with HVAC, and attached 2-car garage.
Where is this single family property located?
The property is located at 1800 SE 44th Ter Topeka, KS.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Spacious 3‑bedroom, 3‑bath half duplex in the Shawnee Heights School District; Partially finished basement with added living space; 12' x 14' sun room with AC and heat
