308 Chestnut Street, Silver Lake, KS 66539
Local realty services provided by:CENTURY 21 Team Elite
Listed by: lee ripma
Office: lutz sales + investments
MLS#:2603759
Source:Bay East, CCAR, bridgeMLS
Price summary
- Price:$460,000
About this home
This charming 10-unit multifamily in Silver Lake, Kansas consists of ten total cottages across five buildings. All units are one bedroom and one bathroom, originally constructed in the 1930s with enduring character. The smaller units do well in Silver Lake, attracting a broad tenant base that includes single professionals, couples, and downsizing seniors seeking affordable, low-maintenance living.
Silver Lake’s proximity to Topeka enhances the property’s appeal by offering residents convenient access to larger employment centers, healthcare, retail, and amenities—while still enjoying the affordability and community feel of a smaller town. This dynamic supports steady rental demand from tenants who work in Topeka or the surrounding area but prefer more cost-effective housing options. In markets like Silver Lake, well-maintained multifamily assets often face limited competition, positioning investors to benefit from consistent cash flow. Manage this property for operational efficiency and consider adding some furnished rentals.
308 Chestnut St offers both immediate income and long-term upside for investors seeking dependable returns in a stable Midwest market.
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Home facts
- Year built:1930
- Listing ID #:2603759
- Added:5 day(s) ago
- Updated:March 04, 2026 at 03:17 PM
Heating and cooling
- Cooling:Window Unit(s)
- Heating:Forced Air Gas
Structure and exterior
- Roof:Composition
- Year built:1930
- Construction Materials:Wood Siding
Utilities
- Water:City/Public - Verify
- Sewer:Public Sewer
Finances and disclosures
- Price:$460,000