Two-Story Duplex with Walk-In
For Sale
$284,950
Pending
1423 S 4th Street E, Louisburg, KS 66053
Residential, Traditional, Louisburg, KS
Property Size1,850 SF
Lot Size0.25 Acres
Days on Market82
Property Features for 1423 S 4th Street E
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Basement, Bedroom 4, Bedroom 2, Laundry Room, Laundry Room, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 1, Dining Room, Bathroom 3
Interior features
Ceiling Fan(s), Custom Cabinets, Kitchen Island, Pantry, Walk-In Closet(s)
Basement
Concrete, Full
Appliances
Cooktop, Dishwasher, Disposal, Microwave, Electric Range
Subdivision
Starbrooke
Lot features
Corner Lot
Elementary school
Rockville Elementary
Middle school
Louisburg
High school
Louisburg
Elementary school district
Louisburg
Middle school district
Louisburg
High school district
Louisburg
Directions
Take the exit toward KS-68/Louisburg/Ottawa, turn left onto W 279th St (KS-68), Turn right onto Rockville Rd, turn right onto S 4th St E, the home will be on your left.
Standard status
Pending
APN
109-29-0-40-01-007.00-0
Size
1,850 SF
Lot size
0.25 Acres
Taxes and HOA fees
Tax Description
Starbrooke Lot 1311
Legal Description
Starbrooke Lot 1311
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Electric
Water source
Public
Building Details
Year built
2026
Flooring type
Vinyl, Carpet
Building materials
Board & Batten Siding
Roof type
Composition
Architectural style
Other
Listing Agency:
Platinum Realty LLC
(888) 220-0988
Listed By:
Chelsea Fanders
(402) 480-3772
Added: Jun 16
Changed: Sep 2
Last Checked: Sep 5 at 8:06PM
MLS# 2626542
Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This under-construction duplex property offers 1,850 square feet on a 0.2526-acre lot. The two-story layout includes four bedrooms, 2.5 baths, an open main-level arrangement, and an upper-level laundry room. Interior details include custom cabinetry, a kitchen island, a walk-in pantry, ceiling fans, carpet, and vinyl flooring. The primary bathroom is planned with a large shower, dual sinks, and a walk-in closet.
The home is scheduled for completion in 2026 and includes public water and public sewer service. Additional features include natural-gas heating, electric cooling, board-and-batten siding, a composition roof, and appliances including a cooktop, dishwasher, disposal, microwave, and electric range. A lower-level finish could add a recreation room, bedroom, and bathroom, subject to the stated plan and available features.
The home is scheduled for completion in 2026 and includes public water and public sewer service. Additional features include natural-gas heating, electric cooling, board-and-batten siding, a composition roof, and appliances including a cooktop, dishwasher, disposal, microwave, and electric range. A lower-level finish could add a recreation room, bedroom, and bathroom, subject to the stated plan and available features.
Key Highlights
- 1,850‑square‑foot under‑construction duplex on a 0.2526‑acre lot
- Two‑story plan with 4 bedrooms and 2.5 baths
- Open main level with kitchen island, walk‑in pantry, living area, and dining space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,685
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$393,700
$393.7K
Cap Rate 7%
$281,214
$281.2K
Cap Rate 9%
$218,722
$218.7K
Market Conditions
NOI Build-Up for 1,850 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$30.0K $16.20/SF
− Vacancy
−$1.8K −$1.00/SF
EGI
$28.1K $15.20/SF
− OpEx
−$8.4K −$4.56/SF
NOI
$19.7K $10.64/SF
Area
Miami County, KS
Vacancy
6.17%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$393,700
Cap Rate 7%
$281,214
Cap Rate 9%
$218,722
Alternative Uses
Best Use
Multifamily LT 5
$281.2K
$246.1K – $328.1K
NOI $19,685 @ 7.0% cap · market cap 6.91%
Second Best
Apartment 5plus
$244.6K
$214.1K – $285.4K
NOI $17,125 @ 7.0% cap · market cap 6.01%
Theoretical Best
Office B
$363.9K
$318.4K – $424.6K
NOI $25,475 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
60
Businesses Nearby
Explore this area
Business Placement
Demographics for 66053, KS
8,325
Population
3,309
Households
2.5
Avg Household Size
39
Median Age
36%
College-Educated
96%
High-School Grad
103.8 sq mi
ZIP Area
80
Density / Sq Mi
$89,743
Median Household Income
$49,460
Median Earnings
$1,399
Median Rent
$300,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Under-construction duplex with an open main level, kitchen island, pantry, and upper-level bedroom layout.
Where is this duplex located?
The property is located at 1423 S 4th Street E Louisburg, KS.
What is the asking price?
The asking price for this property is $284,950.
What are key features of this property?
This property features: 1,850‑square‑foot under‑construction duplex on a 0.2526‑acre lot; Two‑story plan with 4 bedrooms and 2.5 baths; Open main level with kitchen island, walk‑in pantry, living area, and dining space
