Half-Duplex
New
For Sale
$320,000
2100 SW Village Hall RD, Topeka, KS 66614
Residential, Topeka, KS
Property Size1,485 SF
Lot Size0.07 Acres
Price / SF$215.49
Days on Market5
Property Features for 2100 SW Village Hall RD
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Laundry Room, Bathroom 2, Basement, Bedroom 1, Bedroom 2, Bathroom 1, Dining Room
Patio and Porch features
Deck, Patio
Interior features
Central Vacuum, Carpet, Sheetrock, 8' Ceiling, Ceiling - 10 Foot, 10'+ Ceiling, Coffered Ceiling(s)
Exterior features
Storm Door(s), Patio, Covered Patio, Deck
Fireplace
1
Basement
Sump Pump, Full, Concrete, Unfinished
Appliances
Electric Range, Microwave, Dishwasher, Refrigerator, Disposal, Auto Garage Opener(s), Garage Opener Control(s), Humidifier, Cable TV Available
Subdivision
Millers Glen
Lot features
Sprinklers In Front, Corner Lot, Wooded, Sidewalk
Elementary school
Wanamaker Elementary School/USD 437
Middle school
Washburn Rural Middle School/USD 437
High school
Washburn Rural High School/USD 437
Directions
from SW 21st and Urish Road go west to Millers Glen Drive, south on Millers Glen entrance to first street on the left.
Standard status
Active
APN
R67478
Size
1,485 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Description
on file
Tax Annual Amount
4974
HOA Fee
$798 Quarterly
Legal Description
on file
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
composite covered deck
gas log fireplace
walk-in closets
private backyard
unfinished basement
egress window
pre-plumbed for 3rd bedroom
high efficiency Carrier furnace and air conditioner
custom wood cabinets
high ceilings
main floor utility room
zero step entry
trash service
lawn care
snow removal
additional parking
exterior painting
pool maintenance
walking trail
large clubhouse
common area maintenance
Building Details
Year built
2003
Flooring type
Hardwood, Tile - Ceramic
Roof type
Composition
Architectural style
Ranch
Listing Agency:
Platinum Realty LLC
(888) 220-0988
Listed By:
Patrick Anderson · License #SP00221828
(785) 608-6561
Added: Oct 1
Changed: Oct 4
Last Checked: Oct 5 at 12:06PM
MLS# 246822
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 2003 ranch-style half duplex offers 1,485 square feet with two bedrooms and two full bathrooms. The living room has a gas-log fireplace, while the main floor includes a laundry room and high ceilings. Custom wood cabinetry, walk-in closets, and a covered rear deck add practical interior and outdoor features. An attached two-car garage and step-free access at both the front door and garage entry are included. The unfinished basement has an egress window and plumbing in place for a potential third bedroom and additional living area.
The HOA covers trash service, lawn care, snow removal, additional parking, exterior painting, pool maintenance, the walking trail, clubhouse, and common-area upkeep. The home also has a Carrier furnace and central air conditioning.
The HOA covers trash service, lawn care, snow removal, additional parking, exterior painting, pool maintenance, the walking trail, clubhouse, and common-area upkeep. The home also has a Carrier furnace and central air conditioning.
Key Highlights
- 1,485‑square‑foot half duplex built in 2003
- Two bedrooms and two full bathrooms
- Attached two‑car garage with step‑free entry into the home
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
$10,428
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
3.26%
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%
$208,560
$208.6K
Cap Rate 7%
$148,971
$149.0K
Cap Rate 9%
$115,867
$115.9K
Market Conditions
NOI Build-Up for 1,485 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
$20.0K $13.44/SF
− Vacancy
−$998 −$0.67/SF
EGI
$19.0K $12.77/SF
− OpEx
−$8.5K −$5.75/SF
NOI
$10.4K $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%
$208,560
Cap Rate 7%
$148,971
Cap Rate 9%
$115,867
Alternative Uses
Best Use
Apartment 5plus
$149.0K
$130.4K – $173.8K
NOI $10,428 @ 7.0% cap · market cap 3.26%
Second Best
—
—
no second resolved use
Theoretical Best
Self Storage
$167.5K
$146.6K – $195.4K
NOI $11,726 @ 7.0% cap · market cap 3.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
35
Businesses Nearby
Explore this area
Business Placement
Demographics for 66614, KS
31,332
Population
15,273
Households
2.1
Avg Household Size
41
Median Age
39%
College-Educated
97%
High-School Grad
24.1 sq mi
ZIP Area
1,300
Density / Sq Mi
$70,419
Median Household Income
$47,871
Median Earnings
$995
Median Rent
$181,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Two bedrooms, an attached garage, and step-free entry shape this ranch-style home.
Where is this residential income property located?
The property is located at 2100 SW Village Hall RD Topeka, KS.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: 1,485‑square‑foot half duplex built in 2003; Two bedrooms and two full bathrooms; Attached two‑car garage with step‑free entry into the home
