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    514/516 SE Locust St Topeka, KS 66607

    For Sale
    $120,000

    MULTI_FAMILY - Other - Topeka, KS

    Lot size:
    0.14 Acres
    Days on Market:
    16
    Last Refresh:
    Dec 5 at 5:06 am

    Property Features for 514/516 SE Locust St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R-2 Single Family
    APN
    R27421
    Parking
    2
    Parking features
    On Street
    Lot size
    0.14 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Central
    Cooling system
    Electric
    Water source
    Public

    Building Details

    Year built
    1942
    Number of units
    2
    Flooring type
    Wood
    Building materials
    Board & Batten Siding
    Roof type
    Composition
    Architectural style
    Other

    Keller Williams One Legacy Partners LLC (785) 246-8075 [email protected]

    Listing agent John M Ringgold (785) 806-2711

    Listing date Nov 20, 2025

    MLS# 242232 Listing URL

    Copyright © 2025 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.

    Overview

    Topeka Duplex Ready for Portfolio

    This newly listed duplex in Topeka, Kansas, features two units, each renting for $540.00 per month with month-to-month tenants. Each unit has a similar layout, consisting of 2 bedrooms and 1 bathroom. The property includes full-roof duplexes and a sewer line that was replaced 2 years ago, along with new gutters and soffits. Located just north of Prize package, these rental properties are suitable for an investment portfolio. The property, situated on a lot of 0.143 acres, offers both street-side and alley parking. Access for showings is limited to 511 SE Lafayette, requiring 24-hour advance notice to the tenants. The property is also listed as part of a package with 509/511 SE Lafayette for a package price of $240,000.00.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Topeka
    County
    Shawnee
    State
    Kansas
    Longitude
    -95.6474
    Latitude
    39.0426

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    FAQs

    What type of property is this?
    Duplex - Duplex with month-to-month renters, ideal for investment portfolio.
    Where is this duplex located?
    The property is located at 514/516 SE Locust St Topeka, KS.
    What is the asking price?
    The asking price for this property is $120,000.
    What are key features of this property?
    This property features: - Duplex generates $1080/month with month-to-month tenants, offering immediate cash flow.; - Offered as a package deal with adjacent property (509/511 SE Lafayette) for $240,000.; - Recent updates include replaced sewer line (2 years ago) and new gutters and soffits.
    (785) 806-2711
    Request Owner's contact information
    514/516 SE Locust St Topeka, KS 66607
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    Realmo Value Estimation

    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.

    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.

    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
    514/516 SE Locust St Topeka, KS 66607
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