Leased Half-Duplex
New
For Sale
$235,000
4206 SW Shenandoah RD, Topeka, KS 66610
Residential, Topeka, KS
Property Size1,890 SF
Lot Size0.31 Acres
Price / SF$124.34
Days on Market2
Property Features for 4206 SW Shenandoah RD
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Dining Room, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Laundry Room, Bedroom 2
Patio and Porch features
Patio
Interior features
Carpet, Cathedral Ceiling(s)
Exterior features
Patio
Appliances
Electric Range, Microwave, Dishwasher, Refrigerator, Auto Garage Opener(s)
Subdivision
Monarch Meadow
Elementary school
Jay Shideler Elementary School/USD 437
Middle school
Washburn Rural Middle School/USD 437
High school
Washburn Rural High School/USD 437
Directions
SW Wanamaker RD & SW 42nd LN, west on 42nd LN to Shenandoah RD, north on Shenandoah RD to property on the east side of the street.
Standard status
Active
APN
R303713
Size
1,890 SF
Lot size
0.31 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Annual Amount
4107
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
2009
Flooring type
Laminate
Building materials
Vinyl Siding
Roof type
Composition
Architectural style
Ranch
Listing Agency:
Stone & Story RE Group, LLC
(785) 251-0717
Listed By:
Darin Stephens
(785) 250-7278
Added: Oct 23
Last Checked: Oct 24 at 2:06PM
MLS# 247173
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2009, this 1,890-square-foot ranch-style half-duplex has three bedrooms and two full bathrooms. The primary bedroom includes an ensuite bath and a walk-in closet configured as a safe room. The living area connects the bedroom wings, while the kitchen is near the laundry room, pantry, and garage entrance. Interior details include cathedral ceilings, carpet, and laminate flooring; a patio extends the living space outdoors. The home has central air conditioning and natural gas heat, with public water and sewer service.
The residence sits on a 0.31-acre lot and is subject to a two-year lease.
The residence sits on a 0.31-acre lot and is subject to a two-year lease.
Key Highlights
- Two‑year lease in place
- 1,890 square feet on a 0.31‑acre lot
- Three bedrooms and two full bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,272
Cap Rate
5.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$265,440
$265.4K
Cap Rate 7%
$189,600
$189.6K
Cap Rate 9%
$147,467
$147.5K
Market Conditions
NOI Build-Up for 1,890 SF
Gross rent
$25.4K $13.44/SF
− Vacancy
−$1.3K −$0.67/SF
EGI
$24.1K $12.77/SF
− OpEx
−$10.9K −$5.75/SF
NOI
$13.3K $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 Rate 5%
$265,440
Cap Rate 7%
$189,600
Cap Rate 9%
$147,467
Alternative Uses
Best Use
Apartment 5plus
$189.6K
$165.9K – $221.2K
NOI $13,272 @ 7.0% cap · market cap 5.65%
Second Best
—
—
no second resolved use
Theoretical Best
Self Storage
$213.2K
$186.5K – $248.7K
NOI $14,923 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Location Intelligence
Trade Area within ½ mile
101
Businesses Nearby
Explore this area
Business Placement
Demographics for 66610, KS
10,414
Population
4,010
Households
2.6
Avg Household Size
45
Median Age
61%
College-Educated
100%
High-School Grad
44.1 sq mi
ZIP Area
236
Density / Sq Mi
$127,621
Median Household Income
$62,550
Median Earnings
$1,180
Median Rent
$322,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - A two-year lease is in place for this single-level residence.
Where is this residential income property located?
The property is located at 4206 SW Shenandoah RD Topeka, KS.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Two‑year lease in place; 1,890 square feet on a 0.31‑acre lot; Three bedrooms and two full bathrooms
