About This Home

This 2-bedroom, 1-bathroom single family at 538 NE Grattan ST in Topeka, KS is listed for $618,000 ($716 per sqft). Built in 1912, the home offers 863 sqft of living space on a 0.07 acres lot.

Key Features

  • Built in 1912
  • 0.07 acre lot
  • 2 stories

Property Details

2 stories
1 full
1912
Listing Description

11-Unit Cash-Flowing Rental Portfolio - 10.5% Cap Rate - $618,000 Rare opportunity to acquire a diversified, cash-flowing rental portfolio in one transaction. This package includes 11 units across a mix of single family homes and duplexes, spread across established Topeka neighborhoods, delivering a 10.5% cap rate.

Included Properties: 534 NE Grattan St 536 NE Grattan St 538 NE Grattan St 309 NE Twiss Ave 1232 NW Jackson Ave 3309 SE Indiana Ave 940 & 942 NE Poplar St (duplex) 1724 SE Pennsylvania Ave Up 1724 SE Pennsylvania Ave Down 1523 SW Western 9 of the 11 units are currently occupied and producing rental income, with 2 vacant units offering immediate upside for an incoming investor to set rents at market rate.

Ideal for investors looking to scale a rental portfolio in established Topeka neighborhoods. Sold as a package at $618,000. Contact the listing agent for rent roll, income and expense details, and showing instructions.

Monthly Cost Estimate

$3,305/mo

20% down · 6.5% · 30 years

Principal$447
Interest$2,678
Insurance$180

Estimates only. Actual payments may vary.

Location

538 NE Grattan ST

Topeka, KS 66616

Heery's

Questions & Answers

This 2-bedroom, 1-bathroom single family at 538 NE Grattan ST is listed at $618,000 ($716/sqft). The estimated monthly payment is $3,305 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1912, 0.07 acre lot, 2 stories.

This property is listed by Patrick Habiger.

PH

Patrick Habiger

Agent at Keller Williams One Legacy Partners LLC

Listed by Keller Williams One Legacy Partners LLC · Broker phone: (785) 246-8075 · View on Broker Site

MLS# 246140· Source: Sunflower Association of REALTORS· 68 days on PropertySimple

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.

538 NE Grattan ST, Topeka, KS 66616

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