Half Duplex Income
New
For Sale
$249,900
5616 SW Barrington Ct S, Topeka, KS 66614
Residential, Topeka, KS
Property Size2,187 SF
Lot Size0.17 Acres
Price / SF$114.27
Days on Market1
Property Features for 5616 SW Barrington Ct S
General Information
Property type
Residential
Property subtype
Duplex
Bedrooms
3
Rooms
Bedroom 3, Kitchen, Game Room, Bedroom 1, Laundry Room, Bedroom 2, Basement
Patio and Porch features
Patio
Interior features
Carpet
Exterior features
Patio
Fireplace
1
Basement
Concrete, Partially Finished, Full
Appliances
Electric Range, Dishwasher, Refrigerator
Subdivision
Barrington
Elementary school
McClure Elementary School/USD 501
Middle school
French Middle School/USD 501
High school
Topeka West High School/USD 501
Directions
29th Street to Arrowhead , turn north, turn east on Barrington Ct to address on left.
Standard status
Active
APN
R51855
Size
2,187 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Annual Amount
3383
HOA Fee
$260 Monthly
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1990
Flooring type
Tile - Ceramic
Building materials
Frame
Architectural style
Ranch
Listing Agency:
KW One Legacy Partners, LLC · Keller Williams Realty
(785) 246-8075
Listed By:
Patrick Moore
(785) 633-4972
Added: Sep 3
Last Checked: Sep 3 at 1:06PM
MLS# 246401
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 2,187-square-foot half duplex, built in 1990, offers a ranch-style layout with three bedrooms, 2 full baths, and 1 half bath. The main level includes laundry facilities, while the home also features a game room, basement, patio, fireplace, central air, and natural gas heating. A two-car garage provides enclosed parking and storage. Interior finishes include carpet and ceramic tile, with an electric range, dishwasher, and refrigerator included. Public water and public sewer serve the property.
Exterior maintenance is provided, supporting a lower-maintenance ownership arrangement. The property is situated near shopping, dining, schools, and major roadways in Topeka’s west side area.
Exterior maintenance is provided, supporting a lower-maintenance ownership arrangement. The property is situated near shopping, dining, schools, and major roadways in Topeka’s west side area.
Key Highlights
- Half duplex with 2,187 square feet of property size
- Three bedrooms, 2 full baths, and 1 half bath
- Two‑car garage, basement, game room, and main‑floor laundry
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
$15,358
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
6.15%
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%
$307,160
$307.2K
Cap Rate 7%
$219,400
$219.4K
Cap Rate 9%
$170,644
$170.6K
Market Conditions
NOI Build-Up for 2,187 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
$29.4K $13.44/SF
− Vacancy
−$1.5K −$0.67/SF
EGI
$27.9K $12.77/SF
− OpEx
−$12.6K −$5.75/SF
NOI
$15.4K $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%
$307,160
Cap Rate 7%
$219,400
Cap Rate 9%
$170,644
Alternative Uses
Best Use
Apartment 5plus
$219.4K
$192.0K – $256.0K
NOI $15,358 @ 7.0% cap · market cap 6.15%
Second Best
—
—
no second resolved use
Theoretical Best
Self Storage
$246.7K
$215.9K – $287.8K
NOI $17,269 @ 7.0% cap · market cap 6.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
726
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 - Ranch-style residence with three bedrooms, multiple baths, a garage, and exterior maintenance provided.
Where is this residential income property located?
The property is located at 5616 SW Barrington Ct S Topeka, KS.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Half duplex with 2,187 square feet of property size; Three bedrooms, 2 full baths, and 1 half bath; Two‑car garage, basement, game room, and main‑floor laundry
