$2,950,000
 $15,836 est/mo Sourced by Back At You

1306 SW Harrison Street,Topeka, KS 66612

Topeka, KS 66612

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Description

The Kapital offers investors a rare chance to acquire a truly turnkey, fully renovated multifamily community in a highly convenient Topeka location. This three-story, 36-unit property was completely reimagined from top to bottom in 2021, with an extensive renovation taken down to the studs. Major improvements included new roofs, windows, HVAC, electrical, plumbing, & updated unit interiors-allowing a new owner to step into an extensively renovated asset without the deferred maintenance and near-term capital expenditures commonly associated with older multifamily properties.The community offers a desirable mix of studio and one-bedroom apartments featuring new flooring, cabinetry, SS appliances, granite countertops, and in-unit stacked washers and dryers. All units are separately metered for utilities, helping simplify operations and minimize owner expenses, while gated parking provides an additional amenity for residents.With virtually every major building component replaced or upgraded during the 2021 renovation, The Kapital was designed to be an exceptionally easy asset to own and operate. The extensive improvements, efficient unit mix, separate utility metering, and modern interiors create an attractive combo of operational simplicity and long-term durability for an investor seeking stabilized multifamily ownership. The property is also exceptionally well positioned within Topeka, offering convenient access to Washburn University, the Kansas State Capitol, downtown Topeka, major employment centers, government offices, dining, shopping, and other everyday amenities. Its central location provides access to multiple employment and renter-demand drivers rather than relying on any single tenant base.For investors seeking scale without taking on a major reno project, The Kapital represents a compelling opportunity: 36 extensively reno'd units, modern building systems, attractive resident amenities, and a central location-all packaged into a turnkey investment.

Details

MLS #2644657
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1968
Days On Site19
Listing Provided ByLutz Sales + Investments | Michelle Lutz

Features

Story(s)3
Units36
ZoningM3
Acreage0.60

Taxes

Property21230

Area Information

StateKS
CountyShawnee
CityTopeka
Zip Code66612
Area998 Other Kansas Area
Community NameOther
School DistrictTopeka
Elementary SchoolMeadows
High SchoolTopeka
Listing VS Median (in Other)
Price:
$2,950,000
low | high
Med:
$269,600
100% of Average
On site:
19
low | high
Med:
50.5
37.623762376238% of Average
Sourced by Back At You

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Listings courtesy of Kansas City Regional Association of REALTORS as distributed by MLS GRID.

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Learn More About This Property

StateKS
CountyShawnee
CityTopeka
Zip Code66612
Area998 Other Kansas Area
Community NameOther
School DistrictTopeka
Elementary SchoolMeadows
High SchoolTopeka
Listing VS Median (in Other)
Price:
$2,950,000
low | high
Med:
$269,600
100% of Average
On site:
19
low | high
Med:
50.5
37.623762376238% of Average
Sourced by Back At You
Listing Updated: October 7, 2026 at 3:12:26 PM PDT