Duplex with Vaulted
New
For Sale
$175,000
3560 SW Kiowa ST, Topeka, KS 66614
Residential, Topeka, KS
Property Size1,277 SF
Lot Size0.12 Acres
Price / SF$137.04
Days on Market4
Property Features for 3560 SW Kiowa ST
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Family Room, Bedroom 3, Basement, Laundry Room, Bathroom 2, Bedroom 2, Bathroom 1
Patio and Porch features
Deck, Patio
Interior features
Carpet, Vaulted Ceiling(s)
Exterior features
Patio, Deck- Covered, Chain Link
Fencing
Chain Link
Fireplace
1
Basement
Partially Finished, Full, Walk-Out Access, Concrete
Appliances
Electric Range, Microwave, Dishwasher, Refrigerator
Subdivision
Twin Lakes
Lot features
Sidewalk
Elementary school
Jardine Elementary School/USD 501
Middle school
Jardine Middle School/USD 501
High school
Topeka West High School/USD 501
Directions
Gage at 37th. East to Kiowa St., North to Duplex on the East side far North unit.
Standard status
Active
APN
R59628
Size
1,277 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Annual Amount
2109
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
fireplace
vaulted ceilings
walk-out basement
yard
Building Details
Year built
1980
Flooring type
Laminate
Building materials
Frame
Roof type
Composition
Architectural style
Ranch
Listing Agency:
KW One Legacy Partners, LLC · Keller Williams Realty
(785) 246-8075
Listed By:
Amber Smith · License #00237149
(785) 969-0963
Added: Sep 18
Changed: Sep 19
Last Checked: Sep 21 at 9:06PM
MLS# 246656
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 1,277-square-foot ranch-style duplex, built in 1980, includes three bedrooms, two bathrooms, and multiple living areas. The interior features vaulted ceilings, a fireplace, a large kitchen with an electric range, microwave, dishwasher, and refrigerator, plus a primary bedroom with a private bathroom. Two finished basement rooms add flexible space, while the walk-out design provides direct access to the yard.
Outdoor features include a patio, covered deck, and chain-link fencing on a 0.12-acre lot. The property has central air, natural-gas heat, public water, public sewer, a composition roof, frame construction, and laminate and carpet flooring. Located at 3560 SW Kiowa St in Topeka, the property is identified by ZIP Code 66614.
Outdoor features include a patio, covered deck, and chain-link fencing on a 0.12-acre lot. The property has central air, natural-gas heat, public water, public sewer, a composition roof, frame construction, and laminate and carpet flooring. Located at 3560 SW Kiowa St in Topeka, the property is identified by ZIP Code 66614.
Key Highlights
- 1,277‑square‑foot duplex on a 0.12‑acre lot
- Three bedrooms and two bathrooms
- Finished walk‑out basement with two rooms
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
$9,630
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
5.50%
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%
$192,600
$192.6K
Cap Rate 7%
$137,571
$137.6K
Cap Rate 9%
$107,000
$107.0K
Market Conditions
NOI Build-Up for 1,277 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
$14.6K $11.40/SF
− Vacancy
−$801 −$0.63/SF
EGI
$13.8K $10.77/SF
− OpEx
−$4.1K −$3.23/SF
NOI
$9.6K $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%
$192,600
Cap Rate 7%
$137,571
Cap Rate 9%
$107,000
Alternative Uses
Best Use
Multifamily LT 5
$137.6K
$120.4K – $160.5K
NOI $9,630 @ 7.0% cap · market cap 5.50%
Second Best
Apartment 5plus
$128.1K
$112.1K – $149.5K
NOI $8,968 @ 7.0% cap · market cap 5.12%
Theoretical Best
Self Storage
$144.0K
$126.0K – $168.1K
NOI $10,083 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
93
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Ranch-style duplex with a fireplace, finished basement rooms, private primary bath, and outdoor living areas.
Where is this duplex located?
The property is located at 3560 SW Kiowa ST Topeka, KS.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 1,277‑square‑foot duplex on a 0.12‑acre lot; Three bedrooms and two bathrooms; Finished walk‑out basement with two rooms
