Corner-Lot
For Sale
$180,000
3563 SW Cambridge AVE, Topeka, KS 66614
Residential, Topeka, KS
Property Size1,305 SF
Lot Size0.09 Acres
Price / SF$137.93
Days on Market57
Property Features for 3563 SW Cambridge AVE
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 2, Bathroom 3, Basement, Bathroom 1, Bedroom 3, Bedroom 2, Laundry Room, Bedroom 1
Interior features
Carpet, Sheetrock
Fireplace
1
Basement
Concrete, Finished
Subdivision
Wesparke
Lot features
Corner Lot
Elementary school
Jardine Elementary School/USD 501
Middle school
Jardine Middle School/USD 501
High school
Topeka West High School/USD 501
Directions
From 37th & Burlingame head West until you get to Cambridge Ave. Turn Right and house will be on left hand side.
Standard status
Active
APN
R64830
Size
1,305 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Annual Amount
2427
Building Details
Year built
1977
Flooring type
Vinyl
Building materials
Wood Siding
Roof type
Composition
Architectural style
Ranch
Listing Agency:
Better Homes and Gardens Real · Better Homes and Gardens Real Estate
(785) 367-4747
Listed By:
Wendie Edwards
(785) 410-6549
Added: Jul 31
Changed: Sep 24
Last Checked: Sep 25 at 5:06AM
MLS# 245836
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 1,305-square-foot half duplex was built in 1977 and occupies a 0.09-acre corner lot. The ranch-style layout includes three bedrooms and 2.5 bathrooms, with two bedrooms located on the main level. The primary living areas include a living room and kitchen, while the basement adds a non-conforming bedroom, laundry room, bathroom, and flexible additional space. A fireplace, vinyl flooring, carpet, sheetrock, wood siding, and a composition roof are among the existing features.
The property is positioned near shopping, dining, parks, schools, and major roadways in Topeka. Its corner-lot setting provides additional outdoor area for gardening, recreation, or general use.
The property is positioned near shopping, dining, parks, schools, and major roadways in Topeka. Its corner-lot setting provides additional outdoor area for gardening, recreation, or general use.
Key Highlights
- 1,305 square feet on a 0.09‑acre corner lot
- Three‑bedroom, 2.5‑bath half duplex
- Ranch‑style property built in 1977
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
$9,841
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
5.47%
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%
$196,820
$196.8K
Cap Rate 7%
$140,586
$140.6K
Cap Rate 9%
$109,344
$109.3K
Market Conditions
NOI Build-Up for 1,305 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
$14.9K $11.40/SF
− Vacancy
−$818 −$0.63/SF
EGI
$14.1K $10.77/SF
− OpEx
−$4.2K −$3.23/SF
NOI
$9.8K $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%
$196,820
Cap Rate 7%
$140,586
Cap Rate 9%
$109,344
Alternative Uses
Best Use
Multifamily LT 5
$140.6K
$123.0K – $164.0K
NOI $9,841 @ 7.0% cap · market cap 5.47%
Second Best
Apartment 5plus
$130.9K
$114.6K – $152.7K
NOI $9,164 @ 7.0% cap · market cap 5.09%
Theoretical Best
Self Storage
$147.2K
$128.8K – $171.7K
NOI $10,304 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
95
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 half duplex with three bedrooms, a basement, and added outdoor space.
Where is this duplex located?
The property is located at 3563 SW Cambridge AVE Topeka, KS.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: 1,305 square feet on a 0.09‑acre corner lot; Three‑bedroom, 2.5‑bath half duplex; Ranch‑style property built in 1977
