Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    433 SW Lincoln St Topeka, KS 66606

    Sponsored
    For Sale
    Pending
    $155,000

    MULTI_FAMILY - Other - Topeka, KS

    Lot size:
    0.24 Acres
    Days on Market:
    22
    Last Refresh:
    Feb 3 at 6:06 pm

    Property Features for 433 SW Lincoln St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    R-2 Single Family
    APN
    R12600
    Parking
    4
    Parking features
    Garage, Carport
    Appliances
    Refrigerator, Range
    Lot size
    0.24 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Central
    Cooling system
    Electric, Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1882
    Number of units
    4
    Flooring type
    Wood
    Building materials
    Frame
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Katie Salts
    Katie Salts

    Wostal Realty (785) 367-4747

    Listing agent Katie Salts (785) 817-4468

    Listing date Jan 13, 2026

    MLS# 241958 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Topeka Multifamily Investment Opportunity

    This corner-lot multifamily property in Topeka, Kansas, presents an investment opportunity with positive cash flow. The property features four fully leased units, offering steady returns and strong rental potential. Additional features include a fenced backyard, oversized garage, and carport. Exterior paint and the fence are newer. The furnaces and water heaters have been replaced in the last 4 years. The property is situated on a 0.24-acre lot and is zoned R-2 Single Family. The property is being sold "AS-IS."
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Topeka
    County
    Shawnee
    State
    Kansas
    Longitude
    -95.690004
    Latitude
    39.057872

    Nearby Similar for Sale

    • New
      $100,000
      65,535 SF

      Topeka Commercial Redevelopment Opportunity

      Large-scale redevelopment opportunity in Topeka Regional Airport & Business Center.
      6810 SE Dwight St, Topeka, KS 66620
      View Details
    • $289,500
      0.09 Acres

      Renovated Duplex in Downtown Topeka

      Completely renovated, vacant duplex in the heart of Downtown Topeka.
      609 SW Topeka Blvd, Topeka, KS 66603
      View Details
    • $750,000
      Pending

      Fully Equipped Dental/Orthodontic Office

      Turnkey dental/orthodontic office in high-traffic Topeka location.
      3345 SW Fairlawn Rd, Topeka, KS 66614
      View Details
    • $375,000

      Mixed-Use Building in Topeka, Kansas

      Established mixed-use property with commercial space and residential apartment.
      4105 SW 29Th St, Topeka, KS 66614
      View Details
    • $330,000

      Art-Deco Building Near Washburn University

      Historic building near Washburn University, ready for food-service or retail.
      2614 SW 17Th St, Topeka, KS 66604
      View Details
    • $75,000

      Turn-Key Restaurant Opportunity in Topeka

      Established restaurant business for sale with equipment and lease.
      5701 SW Douglas Rd, Topeka, KS 66610
      View Details
    • $175,000

      Topeka Office Building For Sale

      Cash-flowing commercial property along South Topeka Boulevard.
      420 SW 33Rd St, Topeka, KS 66611
      View Details
    • $220,000
      Pending

      Renovated Duplex in Topeka, Kansas

      Renovated duplex with income potential in Topeka, Kansas.
      2627 Se Ohio Ave, Topeka, KS 66605
      View Details
    • $189,900
      0.16 Acres

      Topeka Multifamily Investment Opportunity

      Multifamily property with income potential in Topeka, Kansas.
      1504 SW Polk St, Topeka, KS 66612
      View Details
    • $99,000
      0.13 Acres

      Topeka Multifamily Property For Sale

      Multifamily property in Topeka, Kansas with consistent rental income.
      511 SW Buchanan St, Topeka, KS 66606
      View Details
    • New
      $349,000
      0.38 Acres

      Topeka Duplex Investment Opportunity

      Full duplex with strong rental potential in Topeka, Kansas.
      4643-4645 SW 8Th Ave, Topeka, KS 66606
      View Details
    • $235,000

      High-Visibility Topeka Commercial Opportunity

      Versatile light industrial property in thriving South Topeka business district.
      5916 SW Topeka Blvd, Topeka, KS 66619
      View Details

    FAQs

    What type of property is this?
    Quadplex - Corner-lot multifamily property with four fully leased units.
    Where is this quadplex located?
    The property is located at 433 SW Lincoln St Topeka, KS.
    What is the asking price?
    The asking price for this property is $155,000.
    What are key features of this property?
    This property features: - Positive cash flow investment property with four fully leased units, providing steady returns.; - Corner-lot location enhances property value and appeal.; - Oversized garage and carport offer significant tenant convenience and added value.
    (785) 817-4468
    Request Owner's contact information
    433 SW Lincoln St Topeka, KS 66606
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    433 SW Lincoln St
    Topeka, KS 66606
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    433 SW Lincoln St Topeka, KS 66606
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Katie Salts
    Katie Salts
    (785) 817-4468
    Learn more
    Google sign-in failed. Please try again or use another login method.