3626 SW Cambridge Ave · Topeka, KS 66614

$174,900

2 bd · 1.0 ba · 1,274 sqft · MultiFamily public records · 48 Days on market

Built 1977 3,920 sqft lot

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +26.4/30.0
• DSCR +9.0/10.0
• ARV discount +7.5/15.0
• 1% rule +6.5/10.0
• Rent growth +5.0/5.0
• Livability +3.5/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

AFFORDABLE LIVING, Half Duplex in a nice SW Location with easy access to highways and shopping. This home has been recently updated in 2024 & 2025 with New TRANE HVAC & Hot water heater, Roof and refrigerator. Nice Split Plan with Living room and Kitchen with Nice Oak cabinets and Pantry, Newer Sliding patio door with Blind system, kitchen appliances can stay with home. 2 bedrooms in the upper level with a nicely updated full bath. Lower Level has been walled off to be used as a 3rd bedroom/office/living-room or toy room. The WBFP is non-operating but makes a nice space for future electric fP unit. This level has garage entry to an oversized single garage with insulated door and workshop space with central vac. The Basement level is completely unfinished and enters off the garage for laundry, storage, workout room or a great place for hobbies to be completed in an open area. Lovely SW Neighborhood near local Workout center, sidewalks for walking. Nice fenced in yard with Privacy wood fence and an iron fence separating the patio from the tree shaded yard with fire-pit and a small storage shed with loft. A Nice starter home or a nice investment.

Key facts

• Oversized bedrooms
• Fenced yard
• Eat in kitchen

Tags

• EAT IN KITCHEN
• FENCED YARD
• BASEMENT STORAGE
• OVERSIZED BEDROOMS

Property features AI

Exterior

• Parking: Attached garage with garage door opener (1 garage space)
• Utilities: Public water; Public sewer
• Home design: Residential half duplex; Above-grade finished living area and additional finished space below grade
• Construction: Partially finished basement (concrete); Basement present
• Exterior features: Patio; Storm doors; Fenced yard with chain link, wood, and privacy fencing; Composition roof

Interior

• Kitchen: Electric range; Microwave; Dishwasher; Refrigerator; Garbage disposal; Gas water heater
• Flooring: Hardwood; Ceramic tile; Carpet
• Bathrooms: 1 full bathroom
• Heating & cooling: Central air
• Interior features: Eat-in kitchen; Central vacuum; Storm windows; Decorative fireplace
• Laundry & utility: Washer and dryer included; Laundry in basement; Sump pump in basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath multifamily listed at $175k.

Deal economics

• At list price, monthly cash flow is $459 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $175k).
• Recommended offer: $170k (3.0% below list) — sets the bar for market timing.
• Cap rate 9.4% vs local median 4.3% in Topeka — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 69/100 on livability (#195 in KS) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: employment C-, crime F, commute F.
• Topeka Public Schools (urban): math 17% / reading 23% proficiency, ranked #158 of 169 in KS (top 94%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 69% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Jardine Elementary (math 18% / reading 24%, grade F, #583 of 684 statewide, top 85%, 743 students, 79% FRL); Jardine Middle School (math 13% / reading 23%, grade F, #164 of 219 statewide, top 76%, 542 students, 79% FRL); Topeka West High (math 13% / reading 20%, grade F, #244 of 327 statewide, top 75%, 1,085 students, 59% FRL) — zoned schools at 72% FRL track the district average.
• Market conditions: Rents rising fast (+9.9%/yr); 142 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 219 units permitted in Shawnee County in 2024 (25 in 5+ unit buildings).
• This rent runs 34% of the median local income ($71k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Shawnee County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $49k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 48 days — a 3% lower offer ($170k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 3y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $51k; list at $175k implies a 242% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $169,653 (3.0% below list)

Questions for the listing agent

1. It's been on market 48 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1977 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.15% ✓
• Cap rate: 9.44%
• Cash-on-cash: 11.24%
• DSCR: 1.50
• GRM: 7.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 5.7%
• Equity multiple: 1.23×
• Total profit: $11,480
• Equity at exit: $26,078

10-year hold

• IRR: 19.1%
• Equity multiple: 2.96×
• Total profit: $95,927
• Equity at exit: $15,122

Cash invested: $48,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 83 Strongly Landlord-Friendly
• State Kansas: 83 Strongly Landlord-Friendly · R+10
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; moderate court pace.

Methodology + full state rankings →

ZIP-level market 66614

• Rents YoY: 9.9%
• Active inventory: 142
• Price-to-rent: 13.7×

Monthly cashflow live

• Estimated rent: $2,012 high
• Mortgage (P&I): −$917
• Tax from tax record: −$141 /mo · $1,690/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$423
• Net cashflow: $459

Break-even live

Break-even rent $1,432

Max offer price $174,900

Occupancy floor 72%

Sensitivity live

Price	-10% $558	-5% $508	+0% $459	+5% $409	+10% $360
Rent	-10% $300	-5% $379	+0% $459	+5% $538	+10% $618
Rate	-1.0pp $547	-0.5pp $503	base $459	+0.5pp $413	+1.0pp $367

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
1× unit	2	1	$1,061
1× unit	1	1	$951
Total (2 units)			$2,012

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $43,725
• Closing costs: $5,247
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3211 SW Twilight Ct Topeka, KS	1.0–3.0	1.0–2.0	965	$1,052	$1.09	22d	6	0.68mi
4110 SW Twilight Dr Topeka, KS	2.0	1.5	1746	$1,150	$0.66	22d	1	0.71mi
2920 SW Gage Blvd Topeka, KS	2.0	2.0	925	$850	$0.92	22d	1	0.84mi
3630 SW Plass Ave Topeka, KS	3.0	1.5	1080	$1,250	$1.16	22d	3	0.99mi
3640 SW Plass Ave Topeka, KS	3.0	1.5	1180	$1,300	$1.10	22d	1	1.00mi
1407 SW Glencoe St Topeka, KS	3.0	1.0	1030	$1,295	$1.26	22d	1	1.46mi
1400 SW Afton St Topeka, KS	3.0	1.0	1030	$1,075	$1.04	22d	1	1.46mi

Listing history 30 events

1. 2026-06-21
   days on market $174,900 Active 48 DOM
2. 2026-06-19
   days on market $174,900 Active 46 DOM
3. 2026-06-18
   days on market $174,900 Active 45 DOM
4. 2026-06-17
   days on market $174,900 Active 44 DOM
5. 2026-06-16
   days on market $174,900 Active 43 DOM
6. 2026-06-15
   days on market $174,900 Active 42 DOM
7. 2026-06-14
   days on market $174,900 Active 40 DOM
8. 2026-06-13
   days on market $174,900 Active 39 DOM
9. 2026-06-10
   days on market $174,900 Active 37 DOM
10. 2026-06-09
    days on market $174,900 Active 36 DOM
11. 2026-06-08
    days on market $174,900 Active 35 DOM
12. 2026-06-07
    days on market $174,900 Active 34 DOM
13. 2026-06-02
    days on market $174,900 Active 29 DOM
14. 2026-06-01
    days on market $174,900 Active 28 DOM
15. 2026-05-31
    days on market $174,900 Active 27 DOM
16. 2026-05-30
    days on market $174,900 Active 26 DOM
17. 2026-05-01
    listed $174,900 Active
18. 2025-10-31
    soldstatus
19. 2025-10-30
    soldstatus Closed 1173-char remark

    Show marketing remark (1173 chars)

    AFFORDABLE LIVING, Half Duplex in a nice SW Location with easy access to highways and shopping. This home has been recently updated in 2024 & 2025 with New TRANE HVAC & Hot water heater, Roof and refrigerator. Nice Split Plan with Living room and Kitchen with Nice Oak cabinets and Pantry, Newer Sliding patio door with Blind system, kitchen appliances can stay with home. 2 bedrooms in the upper level with a nicely updated full bath. Lower Level has been walled off to be used as a 3rd bedroom/office/living-room or toy room. The WBFP is non-operating but makes a nice space for future electric fP unit. This level has garage entry to an oversized single garage with insulated door and workshop space with central vac. The Basement level is completely unfinished and enters off the garage for laundry, storage, workout room or a great place for hobbies to be completed in an open area. Lovely SW Neighborhood near local Workout center, sidewalks for walking. Nice fenced in yard with Privacy wood fence and an iron fence separating the patio from the tree shaded yard with fire-pit and a small storage shed with loft. A Nice starter home or a nice investment.

20. 2025-10-28
    status Pending 1173-char remark

    Show marketing remark (1173 chars)

    AFFORDABLE LIVING, Half Duplex in a nice SW Location with easy access to highways and shopping. This home has been recently updated in 2024 & 2025 with New TRANE HVAC & Hot water heater, Roof and refrigerator. Nice Split Plan with Living room and Kitchen with Nice Oak cabinets and Pantry, Newer Sliding patio door with Blind system, kitchen appliances can stay with home. 2 bedrooms in the upper level with a nicely updated full bath. Lower Level has been walled off to be used as a 3rd bedroom/office/living-room or toy room. The WBFP is non-operating but makes a nice space for future electric fP unit. This level has garage entry to an oversized single garage with insulated door and workshop space with central vac. The Basement level is completely unfinished and enters off the garage for laundry, storage, workout room or a great place for hobbies to be completed in an open area. Lovely SW Neighborhood near local Workout center, sidewalks for walking. Nice fenced in yard with Privacy wood fence and an iron fence separating the patio from the tree shaded yard with fire-pit and a small storage shed with loft. A Nice starter home or a nice investment.

21. 2025-10-07
    historical Active Under Contract 1173-char remark

    Show marketing remark (1173 chars)

    AFFORDABLE LIVING, Half Duplex in a nice SW Location with easy access to highways and shopping. This home has been recently updated in 2024 & 2025 with New TRANE HVAC & Hot water heater, Roof and refrigerator. Nice Split Plan with Living room and Kitchen with Nice Oak cabinets and Pantry, Newer Sliding patio door with Blind system, kitchen appliances can stay with home. 2 bedrooms in the upper level with a nicely updated full bath. Lower Level has been walled off to be used as a 3rd bedroom/office/living-room or toy room. The WBFP is non-operating but makes a nice space for future electric fP unit. This level has garage entry to an oversized single garage with insulated door and workshop space with central vac. The Basement level is completely unfinished and enters off the garage for laundry, storage, workout room or a great place for hobbies to be completed in an open area. Lovely SW Neighborhood near local Workout center, sidewalks for walking. Nice fenced in yard with Privacy wood fence and an iron fence separating the patio from the tree shaded yard with fire-pit and a small storage shed with loft. A Nice starter home or a nice investment.

22. 2025-09-23
    listed $145,000 Active 1173-char remark

    Show marketing remark (1173 chars)

    AFFORDABLE LIVING, Half Duplex in a nice SW Location with easy access to highways and shopping. This home has been recently updated in 2024 & 2025 with New TRANE HVAC & Hot water heater, Roof and refrigerator. Nice Split Plan with Living room and Kitchen with Nice Oak cabinets and Pantry, Newer Sliding patio door with Blind system, kitchen appliances can stay with home. 2 bedrooms in the upper level with a nicely updated full bath. Lower Level has been walled off to be used as a 3rd bedroom/office/living-room or toy room. The WBFP is non-operating but makes a nice space for future electric fP unit. This level has garage entry to an oversized single garage with insulated door and workshop space with central vac. The Basement level is completely unfinished and enters off the garage for laundry, storage, workout room or a great place for hobbies to be completed in an open area. Lovely SW Neighborhood near local Workout center, sidewalks for walking. Nice fenced in yard with Privacy wood fence and an iron fence separating the patio from the tree shaded yard with fire-pit and a small storage shed with loft. A Nice starter home or a nice investment.

23. 2024-10-04
    soldstatus
24. 2023-08-17
    status Pending
25. 2023-08-17
    historical
26. 2023-07-15
    status Pending
27. 2023-07-06
    status Active
28. 2023-06-21
    status Pending
29. 2023-06-15
    listed $135,000 Active
30. 1997-03-01
    soldstatus $51,075

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast KS · Resets to sale price

• Current annual tax: $1,690 · $141/mo
• Projected year-2 tax: $2,466 · $206/mo
• Expected delta: +$776/yr (+$65/mo · 45.9%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 5/10 Major 7 d/yr ≥107°F today · 17 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,144
• − Mortgage interest: −$9,797
• − Property taxes: −$1,690
• − Insurance: −$874
• − Repairs & maintenance: −$1,932
• − Management: −$1,932
• − Depreciation: −$5,088
• Taxable income: $2,831
• Est. tax owed @ 24.0%: −$679
• After-tax cash flow: $4,823/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Topeka Public Schools
• NCES district ID: 2012260
• Math proficiency: 17% ▼ -8.00%
• Reading proficiency: 23% ▼ -2.00%
• Median HH income: $37,405
• Composite: 16.69/100
• National rank: #9167
• State rank: #158 of 169 in KS

Livability — Topeka

• Score: 69/100
• State rank: #195
• US rank: #8848

Category grades

Amenities A- Commute F Cost of living A+ Crime F Employment C- Housing A+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Topeka, KS
• County: Shawnee County · 118,130 people
• City population: 118,130
• Metro: Topeka, KS
• Population (ZIP): 32,538
• Household income: $71,377
• Rent vs Own: 32.7% rent · 67.3% own
• Severe rent burden: 852.0

Population outlook (Shawnee County) Hauer SSP2

• Today (2025): 179,277 people
• By 2030: 177,762 · -0.8%
• By 2040: 172,341 · -3.9%
• By 2050: 166,330 · -7.2%
• By 2075: 152,417 · -15.0%
• By 2100: 134,782 · -24.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Hispanic / Latino 9% Two or more races 7% Black 4% Asian 3%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: Italian 3% Slovak 2% Romanian 2%
• Foreign-born: 5% · Canada, China
• Languages at home: 94% English-only · Spanish 3% Other Asian/Pacific 1% Other Indo-European 1%

Political lean MEDSL · Shawnee

• 2024 margin: Toss-up / Even · D 49.3% · R 48.8% · Other 2.0%
• 2008→2024 swing: +0.8pp no change · 2008: -0.3pp · 2024: 0.5pp
• All cycles: 2024: D+0.5 2020: D+3.0 2016: R+2.8 2012: R+1.7 2008: R+0.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -160.56%
• Current HPI: 225.5592
• Rent YoY: ▲ 9.88%
• Metro: Topeka, KS
• State GDP YoY: —
• F500 in state: 0

Price history

+242.4% since first listed

14 events — show timeline

• 2026-05-01 Listed $174,900 Sunflower MLS as distributed by MLS GRID
• 2025-10-31 Sold (Public Records) — Public Records
• 2025-10-30 Sold (MLS) — Sunflower MLS as distributed by MLS GRID
• 2025-10-28 Pending — Sunflower MLS as distributed by MLS GRID
• 2025-10-07 Contingent — Sunflower MLS as distributed by MLS GRID
• 2025-09-23 Listed $145,000 Sunflower MLS as distributed by MLS GRID
• 2024-10-04 Sold (Public Records) — Public Records
• 2023-08-17 Pending — Sunflower MLS as distributed by MLS GRID
• 2023-08-17 Delisted — Sunflower MLS as distributed by MLS GRID
• 2023-07-15 Pending — Sunflower MLS as distributed by MLS GRID
• 2023-07-06 Relisted — Sunflower MLS as distributed by MLS GRID
• 2023-06-21 Pending — Sunflower MLS as distributed by MLS GRID
• 2023-06-15 Listed $135,000 Sunflower MLS as distributed by MLS GRID
• 1997-03-01 Sold (Public Records) $51,075 Public Records

Property tax history

+2.9%/yr

Latest (2025): $1,690 · +3.9% YoY. Source: county tax records.