New Construction Ranch
505 E Harper St Valley Center, KS 67147
505 E Harper St, Valley Center, KS, 67147
$175,000
For Sale
$175,000
SINGLE_FAMILY - Ranch - Valley Center, KS
Property Size1,203 SF
Lot Size0.09 Acres
Price / SF$145.47
Days on Market289
Property Features for 505 E Harper St
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Property condition
- Under Construction
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Laundry Room, Dining Room, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1
- Patio and Porch features
- Patio
- Standard status
- Active
- APN
- 087-093-06-0-21-02-006.11
- Size
- 1,203 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- LONG LEGAL; SEE REMARKS
Utilities
- Utilities
- Natural Gas Available
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 2025
- Floors in Building
- 1
- Building materials
- Frame
- Roof type
- Composition
- Architectural style
- Ranch
Listing Agency
Heritage 1st Realty
(316) 512-1300
12005 E 13th St N, Wichita, KS
Listed by
Dustin Lynam · License #00237038
(316) 259-9184
Added: Oct 4, 2025 Checked: Jul 19 at 7:06 am
MLS# 662872
Listing URL
Copyright © 2026 South Central Kansas MLS. 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.
Brand new 3-bedroom, 2-bath townhome offering 1,203 square feet with an open floor plan designed for everyday living. The interior includes a spacious living room, a large kitchen island, and a generous pantry for additional storage. The primary suite features a private bath and a walk-in closet.
The home includes an attached 2-car garage and is located in the Valley Center school district. The property is identified by the legal description provided for TH PT LOT 3 COMM SOUTHERNMOST SE COR THEREOF.
Offered for sale at 505 E Harper St in Valley Center, Kansas, this newly constructed residence sits on a 0.09-acre lot (lot size provided).
The home includes an attached 2-car garage and is located in the Valley Center school district. The property is identified by the legal description provided for TH PT LOT 3 COMM SOUTHERNMOST SE COR THEREOF.
Offered for sale at 505 E Harper St in Valley Center, Kansas, this newly constructed residence sits on a 0.09-acre lot (lot size provided).
Key Highlights
- Brand new 3‑bedroom, 2‑bath townhome under construction (Year built: 2025)
- 1,203 SF ranch‑style layout with open floor plan
- Kitchen features a large island plus a generous pantry
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $17.8k | $14.76 |
| − Vacancy | −$888 | −$0.74 |
| EGI | $16.9k | $14.02 |
| − OpEx | −$7.6k | −$6.31 |
| NOI | $9.3k | $7.71 |
1,203 SF · lease $14.76/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$132.5K
$116.0K – $154.6K
NOI $9,278 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$250.7K
$219.4K – $292.5K
NOI $17,552 @ 7.0% cap · market cap 10.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Single family properties
Similar For Sale Nearby
FAQs
What type of property is this?
Single family property - New 3-bedroom, 2-bath townhome with an open layout and an attached 2-car garage.
Where is this single family property located?
The property is located at 505 E Harper St Valley Center, KS.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: Brand new 3‑bedroom, 2‑bath townhome under construction (Year built: 2025); 1,203 SF ranch‑style layout with open floor plan; Kitchen features a large island plus a generous pantry
