Three-Bedroom Half
For Sale
$200,000
3565 SW Cambridge Avenue, Topeka, KS 66614
Corner-lot residential income property with flexible living areas and convenient access to shopping, dining, parks, schools, and major roadways.
Property Size2,090 SF
Price / SF$95.69
Days on Market8
Property Features for 3565 SW Cambridge Avenue
General Information
Standard status
Active
Size
2,090 SF
Property subtype
Duplex
Units
Unit Mix
1 x 3BR/2.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,427
Building Details
Building Size
2,090 SF
Year Built
1977
Stories
1
Listing Agency:
BHG Wostal Realty
(785) 367-4747
Listed By:
Wendie Edwards
(785) 367-4747
Source:
Coloniallistings
Added: Aug 4
Changed: Aug 5
Last Checked: Aug 10 at 12:22PM
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 BHG Wostal Realty
Investment Insights
Based on property information with market context.
This 3-bedroom, 2.5-bath half duplex contains 2,090 square feet and was built in 1977. The main floor includes a living room, kitchen, and two bedrooms, while the basement adds a non-conforming bedroom and additional usable space. The layout supports everyday residential use with room for multiple living or activity areas.
Set on a corner lot at 3565 SW Cambridge Avenue, the property includes added outdoor space suitable for gardening, recreation, or relaxation. Its Topeka location provides access to shopping, dining, parks, schools, and major roadways, combining residential functionality with proximity to everyday amenities.
Set on a corner lot at 3565 SW Cambridge Avenue, the property includes added outdoor space suitable for gardening, recreation, or relaxation. Its Topeka location provides access to shopping, dining, parks, schools, and major roadways, combining residential functionality with proximity to everyday amenities.
Key Highlights
- 3‑bedroom, 2.5‑bath half duplex
- 2,090 square feet of living area
- Basement includes a non‑conforming bedroom and additional space
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
$14,677
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
7.34%
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%
$293,540
$293.5K
Cap Rate 7%
$209,671
$209.7K
Cap Rate 9%
$163,078
$163.1K
Market Conditions
NOI Build-Up for 2,090 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
$28.1K $13.44/SF
− Vacancy
−$1.4K −$0.67/SF
EGI
$26.7K $12.77/SF
− OpEx
−$12.0K −$5.75/SF
NOI
$14.7K $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 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%
$293,540
Cap Rate 7%
$209,671
Cap Rate 9%
$163,078
Alternative Uses
Best Use
Apartment 5plus
$209.7K
$183.5K – $244.6K
NOI $14,677 @ 7.0% cap · market cap 7.34%
Second Best
—
—
no second resolved use
Theoretical Best
Self Storage
$235.8K
$206.3K – $275.1K
NOI $16,503 @ 7.0% cap · market cap 8.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
39
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Corner-lot residential income property with flexible living areas and convenient access to shopping, dining, parks, schools, and major roadways.
Where is this residential income property located?
The property is located at 3565 SW Cambridge Avenue Topeka, KS.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 3‑bedroom, 2.5‑bath half duplex; 2,090 square feet of living area; Basement includes a non‑conforming bedroom and additional space
