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.
Monroe, located between SW 6th Ave and SW 21st St, is a residential and civic Topeka neighborhood with a gridded street plan and mature tree canopy. The neighborhood’s character concentrates around SW 6th Ave near Gage Blvd, where small storefronts, service counters, and steady traffic set an everyday, lived-in rhythm. Housing leans toward mid-century ranches and modest bungalows, with tidy setbacks and practical garages. Gage Park and the Topeka Zoo add broad lawns, walking loops, and weekend energy. Washburn University and the Mulvane Art Museum bring lectures, galleries, and campus architecture into the mix. The result reads as grounded, walk-and-drive friendly, and anchored by long-standing public spaces.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Laundry & utility
Laundry inside
Heating & cooling
Electric heating
Electric cooling
Home design
Three stories
Parking
36 off-street parking spaces
Construction
Brick and mortar construction
Synthetic roof
51–75 years old
Utilities
Public water
Public sewer
Separate electric meters
Individual heating and air conditioning
Individual water heaters
Master meters
HOA & community
No association fee
Financial info
36 units: 12 efficiencies and 24 one-bedroom units
Current occupancy is 90–95%
Gross income of $333,360
Operating expenses include real estate taxes
Electricity and solar
View estimated energy costs and solar savings for this home
It is the purpose of this district to provide for multiple-family dwelling structures which are in the moderate to high density range and at heights which allow for a high intensity of use and development. The location of this district is intended to complement high activity centers such as the central business district, employment centers or other similar locations. Since this district will have high levels of pedestrian activity, attention will be focused on ensuring a pleasant, safe and efficient pedestrian environment.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Group
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Student
Infrastructure
Recreation
Housing-Mobile home park
Park & open space
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.77% chance of being in a wildfire in next 30 years
4/10 Heat Factor
7 days above 107° expected this year, 17 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Topeka, KS • 66612
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 1306 SW Harrison St
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