Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    634 SW Polk ST Topeka, KS 66603

    View on Map
    Claim this Listing
    New
    For Sale
    $30,000

    MULTI_FAMILY - Other - Topeka, KS

    Lot size:
    0.08 Acres
    Added:
    Apr 27, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 28 at 11:06 am

    Property Features for 634 SW Polk ST

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    M-3 Multi-Family
    Parking
    1
    Parking features
    On Street
    Standard status
    Active
    APN
    R26001
    Lot size
    0.08 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1223

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1920
    Number of units
    4
    Building materials
    Frame
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    John Ringgold
    John Ringgold

    Listing agent John Ringgold

    Listing office KW One Legacy Partners, LLC 2655 SW Wanamaker Rd Suite A, Topeka, KS

    Listing date Apr 27, 2026

    MLS# 244199 Listing URL

    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.

    Overview

    Topeka Four-Unit Renovation Opportunity

    This four-unit property in Topeka presents an opportunity for investors. The vacant duplex-style property is ready for a full renovation. The property has fire damage and deferred maintenance. It is being sold as-is. The lot size is 0.08 acres. The zoning is M-3 Multi-Family.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Law Firm Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Topeka
    County
    Shawnee
    State
    Kansas
    Longitude
    -95.682142
    Latitude
    39.052607

    Nearby Similar for Sale

    • $350,000

      Versatile Commercial Building on 6.7 Acres

      Repurpose a landmark Topeka property with endless potential.
      3800 SE Michigan AVE, Topeka, KS 66609
      View Details
    • $250,000

      Topeka Auto Repair Garage

      Two-bay auto repair garage in a convenient Topeka location.
      500 SE 29th ST, Topeka, KS 66605
      View Details
    • $125,000

      Updated Office Space For Sale

      Office space in high-traffic Topeka location, rented until 2028.
      5857 SW 29th ST, Topeka, KS 66614
      View Details
    • $225,000

      Topeka Office Space For Sale

      Office spaces in high-traffic area of SW Topeka near Wanamaker.
      5853 SW 29th ST, Topeka, KS 66614
      View Details
    • $110,000

      Topeka Office Space For Sale

      Office space in high-traffic area near Wanamaker corridor.
      5853 SW 29th ST, Topeka, KS 66614
      View Details
    • $1,385,000

      Topeka Office/Warehouse on 12 Acres

      Versatile 11,600 SF office/warehouse on 12 acres in Topeka.
      5301 SW Topeka BLVD, Topeka, KS 66609
      View Details
    • $70,000

      Topeka Office Space For Sale

      810 SF finished office space, ready for occupancy.
      5885 SW 29th ST, Topeka, KS 66614
      View Details
    • $75,000

      Turn-Key Restaurant Opportunity in Topeka

      Established restaurant business for sale with equipment and lease.
      5701 SW Douglas RD, Topeka, KS 66610
      View Details
    • $149,000

      Topeka Duplex: Investor Opportunity

      Side-by-side duplex with income potential in a convenient location.
      2921 SW Atwood AVE, Topeka, KS 66614
      View Details
    • $165,000

      Topeka Triplex with Income Potential

      Fully rented triplex in West Topeka with positive cash flow.
      615 SW High AVE, Topeka, KS 66606
      View Details
    • $275,000

      Topeka Mixed-Use Commercial Building

      Mixed-use building with retail, storage, tavern, and apartments.
      1834 NW Topeka Boulevard, Topeka, KS 66608
      View Details
    • $250,000

      Charming Topeka Fourplex Opportunity

      Well-maintained 1925 fourplex in Topeka's Historic Holliday Park.
      1116 SW Taylor ST, Topeka, KS 66612
      View Details

    FAQs

    What type of property is this?
    Quadplex - Four-unit property in Topeka, ready for full renovation.
    Where is this quadplex located?
    The property is located at 634 SW Polk ST Topeka, KS.
    What is the asking price?
    The asking price for this property is $30,000.
    What are key features of this property?
    This property features: Rare opportunity to acquire a 4‑unit property.; Value‑Add Potential: Ideal for experienced investors looking for a value‑add project with strong upside potential.; Available at an entry‑level price.
    (785) 806-2711
    We can help!
    Listing Contact
    John Ringgold
    John Ringgold
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!