Multifamily
New
For Sale
$2,950,000
1306 SW Harrison Street, Topeka, KS 66612
The site has M3 zoning and off-street parking at a Topeka street corner.
Property Size26,001 SF
Days on Market7
Property Features for 1306 SW Harrison Street
General Information
Standard status
Active
Size
26,001 SF
Total Parking Spaces
36
Property subtype
Residential Income
Zoning
M3
Taxes and HOA fees
Annual Taxes
$21,230
Amenities
Electric
Off Street
Building Details
Building Size
26,001 SF
Year Built
1968
Stories
3
Listing Agency:
Lutz Sales + Investments
Listed By:
Michelle Lutz · License #2018036086
(913) 426-5576
Source:
Evrealestate
Added: Oct 9
Changed: Oct 10
Last Checked: Oct 14 at 10:42PM
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 Lutz Sales + Investments
Investment Insights
Based on property information with market context.
This multifamily property was built in 1968 and has M3 zoning. Off-street parking is available on the property.
The site occupies the southeast corner of SW 13th Street and SW Harrison Street in Topeka. Access from I-70 is via the SW Topeka Boulevard exit, followed by a southbound drive on the boulevard and an eastbound turn onto SW 13th Street.
The site occupies the southeast corner of SW 13th Street and SW Harrison Street in Topeka. Access from I-70 is via the SW Topeka Boulevard exit, followed by a southbound drive on the boulevard and an eastbound turn onto SW 13th Street.
Key Highlights
- M3 zoning
- Built in 1968
- Off‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$182,589
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,651,780
$3.7M
Cap Rate 7%
$2,608,414
$2.6M
Cap Rate 9%
$2,028,767
$2.0M
Market Conditions
NOI Build-Up for 26,001 SF
Gross rent
$349.5K $13.44/SF
− Vacancy
−$17.5K −$0.67/SF
EGI
$332.0K $12.77/SF
− OpEx
−$149.4K −$5.75/SF
NOI
$182.6K $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 Rate 5%
$3,651,780
Cap Rate 7%
$2,608,414
Cap Rate 9%
$2,028,767
Alternative Uses
Best Use
Apartment 5plus
$2.61M
$2.28M – $3.04M
NOI $182,589 @ 7.0% cap · market cap 6.19%
Second Best
—
—
no second resolved use
Theoretical Best
Self Storage
$2.93M
$2.57M – $3.42M
NOI $205,304 @ 7.0% cap · market cap 6.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,455
Businesses Nearby
Explore this area
Business Placement
Demographics for 66612, KS
2,097
Population
1,541
Households
1.4
Avg Household Size
43
Median Age
16%
College-Educated
86%
High-School Grad
1.1 sq mi
ZIP Area
1,906
Density / Sq Mi
$26,338
Median Household Income
$30,949
Median Earnings
$706
Median Rent
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Multifamily property - The site has M3 zoning and off-street parking at a Topeka street corner.
Where is this multifamily property located?
The property is located at 1306 SW Harrison Street Topeka, KS.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: M3 zoning; Built in 1968; Off‑street parking
