Washburn Rural Twin
For Sale
$274,900
1020 Red Oaks Place, Topeka, KS 66615
Well-maintained twin home with modern updates and convenient location.
Property Size1,900 SF
Lot Size15,682.00 Acres
Days on Market244
Property Features for 1020 Red Oaks Place
General Information
Standard status
Active
Size
1,900 SF
Lot size
15,682.00 Acres
Property subtype
Duplex
Amenities
Fireplace
Electric
Forced Air
Deck, Porch, Composition
Building Details
Building Size
1,900 SF
Year Built
2008
Listing Agency:
Keller Williams Realty Partners, Inc
Listed By:
Karim Majed · License #413521919
(785) 473-3286
Source:
Kw
Added: Feb 14
Changed: Oct 16
Last Checked: Oct 16 at 8:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty Partners, Inc
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Investment Insights
Based on property information with market context.
Located in west Topeka, this twin home is near dining, shopping, and other amenities. The property features an open floor plan with three bedrooms, two bathrooms, a two-car garage, a dining area with a breakfast bar, and main-floor laundry. The living room includes a gas fireplace. Remodeled in 2025, the home has updates, neutral tones, and fresh paint and carpet. The primary suite has an updated en-suite bathroom. The finished lower level offers a family room, two bedrooms with egress windows, a full bath, and storage space. The backyard is fully fenced with a wood privacy fence and a deck.
Key Highlights
- Convenient west Topeka location near dining, shopping, and amenities.
- Remodeled in 2025 with modern updates and fresh paint/carpet.
- Finished lower level** with family room, two bedrooms (egress windows), and full bath.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,328
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,560
$286.6K
Cap Rate 7%
$204,686
$204.7K
Cap Rate 9%
$159,200
$159.2K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$21.7K $11.40/SF
− Vacancy
−$1.2K −$0.63/SF
EGI
$20.5K $10.77/SF
− OpEx
−$6.1K −$3.23/SF
NOI
$14.3K $7.54/SF
Area
Topeka, KS
Vacancy
5.50%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,560
Cap Rate 7%
$204,686
Cap Rate 9%
$159,200
Alternative Uses
Best Use
Multifamily LT 5
$204.7K
$179.1K – $238.8K
NOI $14,328 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$190.6K
$166.8K – $222.4K
NOI $13,343 @ 7.0% cap · market cap 4.85%
Theoretical Best
Self Storage
$214.3K
$187.5K – $250.0K
NOI $15,002 @ 7.0% cap · market cap 5.46%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
Explore this area
Business Placement
Demographics for 66615, KS
3,500
Population
1,566
Households
2.2
Avg Household Size
45
Median Age
46%
College-Educated
99%
High-School Grad
44.9 sq mi
ZIP Area
78
Density / Sq Mi
$89,500
Median Household Income
$50,978
Median Earnings
$1,294
Median Rent
$272,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained twin home with modern updates and convenient location.
Where is this duplex located?
The property is located at 1020 Red Oaks Place Topeka, KS.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: Convenient west Topeka location near dining, shopping, and amenities.; Remodeled in 2025 with **modern updates and fresh paint/carpet**.; Finished lower level** with family room, two bedrooms (egress windows), and full bath.
