Ranch-Style Duplex with Covered
New
For Sale
$277,500
3335 SW Chelsea CIR, Topeka, KS 66614
Residential, Topeka, KS
Property Size1,800 SF
Lot Size0.14 Acres
Price / SF$154.17
Days on Market1
Property Features for 3335 SW Chelsea CIR
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 2, Kitchen, Bathroom 1, Bathroom 3, Basement, Laundry Room, Bathroom 2, Bedroom 3
Patio and Porch features
Deck, Porch, Patio
Interior features
Carpet, Vaulted Ceiling(s)
Exterior features
Storm Door(s), Patio, Deck, Covered Porch
Fireplace
1
Basement
Concrete, Daylight, Partially Finished, Full
Appliances
Microwave, Dishwasher, Disposal, Auto Garage Opener(s), Cable TV Available
Subdivision
Southbrook
Lot features
Sprinklers In Front, Cul-De-Sac, Sidewalk
Elementary school
McClure Elementary School/USD 501
Middle school
French Middle School/USD 501
High school
Topeka West High School/USD 501
Directions
34th and Fairlawn to Chelsea Circle
Standard status
Active
APN
R61304
Size
1,800 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Annual Amount
3460
HOA Fee
$265 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
main floor laundry
covered porch
fenced patio
Building Details
Year built
1995
Flooring type
Vinyl
Building materials
Frame
Roof type
Composition
Architectural style
Ranch
Listing Agency:
Platinum Realty LLC
(888) 220-0988
Listed By:
Jim Davis · License #422001454
(785) 806-2370
Added: Sep 8
Last Checked: Sep 8 at 9:06PM
MLS# 246476
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This 1,800-square-foot ranch-style duplex was built in 1995 and offers three bedrooms, three full bathrooms, and a main-floor laundry room. Two bedrooms are located upstairs, while the lower-level bedroom includes egress. The interior includes vaulted ceilings, carpet and vinyl flooring, a fireplace, central air, and natural gas heat. Kitchen appliances include a microwave, dishwasher, and disposal.
Set on 0.14 acres at the end of the cul-de-sac at 3335 SW Chelsea CIR in Topeka, the property includes a covered porch, deck, patio, and offset fenced outdoor area. Public water and sewer serve the property, and the composition roof is paired with frame construction. HOA services include mowing, snow removal, exterior painting, roof maintenance, and insurance on the structure.
Set on 0.14 acres at the end of the cul-de-sac at 3335 SW Chelsea CIR in Topeka, the property includes a covered porch, deck, patio, and offset fenced outdoor area. Public water and sewer serve the property, and the composition roof is paired with frame construction. HOA services include mowing, snow removal, exterior painting, roof maintenance, and insurance on the structure.
Key Highlights
- 1,800‑square‑foot ranch‑style duplex built in 1995
- Three bedrooms and three full bathrooms, with a lower‑level bedroom featuring egress
- Main‑floor laundry and kitchen appliances including microwave, dishwasher, and disposal
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$13,574
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.89%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$271,480
$271.5K
Cap Rate 7%
$193,914
$193.9K
Cap Rate 9%
$150,822
$150.8K
Market Conditions
NOI Build-Up for 1,800 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$20.5K $11.40/SF
− Vacancy
−$1.1K −$0.63/SF
EGI
$19.4K $10.77/SF
− OpEx
−$5.8K −$3.23/SF
NOI
$13.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$271,480
Cap Rate 7%
$193,914
Cap Rate 9%
$150,822
Alternative Uses
Best Use
Multifamily LT 5
$193.9K
$169.7K – $226.2K
NOI $13,574 @ 7.0% cap · market cap 4.89%
Second Best
Apartment 5plus
$180.6K
$158.0K – $210.7K
NOI $12,640 @ 7.0% cap · market cap 4.55%
Theoretical Best
Self Storage
$203.0K
$177.7K – $236.9K
NOI $14,213 @ 7.0% cap · market cap 5.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
343
Businesses Nearby
Explore this area
Business Placement
Demographics for 66614, KS
31,332
Population
15,273
Households
2.1
Avg Household Size
41
Median Age
39%
College-Educated
97%
High-School Grad
24.1 sq mi
ZIP Area
1,300
Density / Sq Mi
$70,419
Median Household Income
$47,871
Median Earnings
$995
Median Rent
$181,500
Median Home Value
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?
Duplex - Three-bedroom duplex with three full baths, main-level laundry, and a fenced patio in a cul-de-sac setting.
Where is this duplex located?
The property is located at 3335 SW Chelsea CIR Topeka, KS.
What is the asking price?
The asking price for this property is $277,500.
What are key features of this property?
This property features: 1,800‑square‑foot ranch‑style duplex built in 1995; Three bedrooms and three full bathrooms, with a lower‑level bedroom featuring egress; Main‑floor laundry and kitchen appliances including microwave, dishwasher, and disposal
