Furnished Short-Term Rental
For Sale
Contact for pricing
1508 SW HIGH AVE, Topeka, KS 66606
Updated two-bedroom bungalow with furnishings, private outdoor space, and rear off-street parking.
Property Size894 SF
Price / SF$167.79
Days on Market51
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Property Features for 1508 SW HIGH AVE
General Information
Standard status
Active
Size
894 SF
Property subtype
Mixed Use
Zoning
R-2 Single Family Dwelling
Net Operating Income
$12,216
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Furnished
Yes
Gross Income
$20,000
Amenities
garage
fenced in back yard
private deck
Building Details
Year Built
1920
Stories
2
Units
1
Construction
bungalow
Listing Agency:
KW One Legacy Partners
Listed By:
John Ringgold · License #00051961
(785) 806-2711
Source:
Crexi
Added: Aug 26
Changed: Oct 5
Last Checked: Oct 15 at 12:14AM
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 KW One Legacy Partners
Investment Insights
Based on property information with market context.
This 894-square-foot bungalow, built in 1920, is configured with two bedrooms and one bathroom. The home is currently operated as an Airbnb and transfers with furnishings. Interior updates include newer vinyl windows, refreshed paint, and new flooring throughout.
Outdoor features include a fenced backyard, private deck, garage, and off-street parking behind the house. The property is designated R-2 Single Family Dwelling and offers a compact residential layout suited to continued short-term rental use or occupancy as a furnished home.
Outdoor features include a fenced backyard, private deck, garage, and off-street parking behind the house. The property is designated R-2 Single Family Dwelling and offers a compact residential layout suited to continued short-term rental use or occupancy as a furnished home.
Key Highlights
- 894 SF bungalow with 2 bedrooms and 1 bathroom
- Currently operated as an Airbnb and sold fully furnished
- Newer vinyl windows, updated paint, and updated flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,278
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$125,560
$125.6K
Cap Rate 7%
$89,686
$89.7K
Cap Rate 9%
$69,756
$69.8K
Market Conditions
NOI Build-Up for 894 SF
Gross rent
$12.0K $13.44/SF
− Vacancy
−$601 −$0.67/SF
EGI
$11.4K $12.77/SF
− OpEx
−$5.1K −$5.75/SF
NOI
$6.3K $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%
$125,560
Cap Rate 7%
$89,686
Cap Rate 9%
$69,756
Alternative Uses
Best Use
Apartment 5plus
$89.7K
$78.5K – $104.6K
NOI $6,278 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Self Storage
$100.8K
$88.2K – $117.7K
NOI $7,059 @ 7.0% cap · market cap 4.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
408
Businesses Nearby
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Business Placement
Demographics for 66606, KS
11,056
Population
5,433
Households
2
Avg Household Size
40
Median Age
36%
College-Educated
90%
High-School Grad
5.8 sq mi
ZIP Area
1,906
Density / Sq Mi
$60,862
Median Household Income
$44,184
Median Earnings
$1,052
Median Rent
$115,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Short term rental property - Updated two-bedroom bungalow with furnishings, private outdoor space, and rear off-street parking.
Where is this short term rental property located?
The property is located at 1508 SW HIGH AVE Topeka, KS.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 894 SF bungalow with 2 bedrooms and 1 bathroom; Currently operated as an Airbnb and sold fully furnished; Newer vinyl windows, updated paint, and updated flooring
