Silver Lake Multifamily Investment
For Sale
$425,000
308 Chestnut Street, Silver Lake, KS 66539
Ten-unit multifamily property in Silver Lake, Kansas, near Topeka.
Property Size5,000 SF
Price / SF$85
Days on Market235
Property Features for 308 Chestnut Street
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Residential Income / Package of Properties
Zoning
RES
Taxes and HOA fees
Annual Taxes
$3,736
Amenities
Other, Window Unit(s)
Forced Air
1 Bedroom
No
1
Composition
Yes
Building Details
Year Built
1930
Listing Agency:
Lutz Sales + Investments
(816) 866-8322
Listed By:
Lee Ripma · License #2021021630
(816) 866-8322
Source:
Compass
Added: Jan 7
Changed: Aug 27
Last Checked: Aug 29 at 3:54PM
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 in Silver Lake, Kansas, features ten cottages across five buildings. Constructed in the 1930s, each unit includes one bedroom and one bathroom. The property attracts a diverse tenant base, including single professionals, couples, and seniors seeking affordable, low-maintenance living. Its location near Topeka provides residents with access to employment, healthcare, retail, and amenities, while maintaining the affordability of a smaller town. The property benefits from steady rental demand due to its cost-effective housing options. Well-maintained multifamily assets in Silver Lake often experience limited competition, offering investors consistent cash flow. The property presents opportunities for operational efficiency and furnished rentals, providing both immediate income and long-term upside for investors seeking returns in a stable Midwest market. The property size is 5000 square feet.
Key Highlights
- Consistent cash flow potential in a stable Midwest market.
- Ten 1‑bedroom, 1‑bathroom units across five buildings.
- Convenient access to Topeka's employment, healthcare, and retail amenities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
106
Businesses Nearby
Explore this area
Business Placement
Demographics for 66539, KS
2,762
Population
1,207
Households
2.3
Avg Household Size
42
Median Age
34%
College-Educated
99%
High-School Grad
41.4 sq mi
ZIP Area
67
Density / Sq Mi
$81,875
Median Household Income
$52,083
Median Earnings
$861
Median Rent
$212,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Ten-unit multifamily property in Silver Lake, Kansas, near Topeka.
Where is this apartment building located?
The property is located at 308 Chestnut Street Silver Lake, KS.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Consistent cash flow potential in a stable Midwest market.; Ten 1‑bedroom, 1‑bathroom units across five buildings.; Convenient access to Topeka's employment, healthcare, and retail amenities.
