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16-Unit Apartment Building
For Sale
$640,000

400 Southwest Topeka Boulevard, Topeka, KS 66603

Apartment property with studio and 1/1 units, off-street parking, and access to downtown and area bus lines.

Property Size9,978 SF
Price / SF$64.14
Days on Market312

Property Features for 400 Southwest Topeka Boulevard

General Information

Standard status Active
Size 9,978 SF
Total Parking Spaces 16
Property subtype MULTIFAMILY / Apartment Building

Units

Unit Mix 4 x 1BR/1BA, 12 x studio
Multifamily Units 16

Additional Details

Public Transit Yes

Taxes and HOA fees

Annual Taxes $8,289

Amenities

Slab
Composition, Asphalt
Concrete

Building Details

Year Built 1926
Listing Agency: KW One Legacy Partners, LLC
Listed By: Greg Ross · License #422002257
Source: Compass
Added: Oct 24, 2025 Changed: Aug 30 Last Checked: Aug 30 at 3:03AM

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 KW One Legacy Partners, LLC

Investment Insights

Based on property information with market context.

This 16-unit apartment building at 400 Southwest Topeka Boulevard includes four 1/1 apartments and 12 studio apartments. The property contains 9,978 square feet and was built in 1926, with composition and asphalt plus concrete exterior features.

Off-street parking serves the building. The property is near industry, employment centers, downtown Topeka, and bus lines, placing residents within reach of employment, services, and public transportation.

Key Highlights

  • 16‑unit apartment building with 4 1/1 apartments and 12 studio apartments
  • 9,978 square feet of building area
  • Off‑street parking included

Property Analytics

Current Use

The Elms Apartment Building

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Grocery & Convenience Store Dental Office Catering Service Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

16
Residential units

Location Intelligence

Trade Area within ½ mile

1,465
Businesses Nearby

Demographics for 66603, KS

1,569
Population
1,151
Households
1.4
Avg Household Size
38
Median Age
17%
College-Educated
91%
High-School Grad
0.9 sq mi
ZIP Area
1,743
Density / Sq Mi
$38,992
Median Household Income
$25,556
Median Earnings
$593
Median Rent
$91,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Apartment property with studio and 1/1 units, off-street parking, and access to downtown and area bus lines.
Where is this apartment building located?
The property is located at 400 Southwest Topeka Boulevard Topeka, KS.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: 16‑unit apartment building with 4 1/1 apartments and 12 studio apartments; 9,978 square feet of building area; Off‑street parking included
More about this property
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