New Construction
For Sale
$350,000
118 N Arthur St, El Dorado, KS 67042
To-be-built two-story duplex with private entrances, three-bedroom residences, and modern interior finishes.
Property Size2,110 SF
Price / SF$165.88
Days on Market8
Property Features for 118 N Arthur St
General Information
Standard status
Active
Size
2,110 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,125
Building Details
Buildings
1
Stories
2
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
David Sowden
(316) 708-2629
Source:
Exprealty
Added: Sep 14
Changed: Sep 18
Last Checked: Sep 21 at 7:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Broker, LLC
Investment Insights
Based on property information with market context.
Planned as a two-story duplex at 118 N Arthur St, the property will contain two separate residences totaling 2,110 square feet. Each 1,055-square-foot unit will include three bedrooms, two bathrooms, a private entrance, central heating and air conditioning, washer and dryer hookups, and on-site parking. The complete duplex is included in this offering, while the neighboring duplex at 120 N Arthur St. is marketed separately.
Interior plans call for open kitchen and dining areas with shaker cabinetry, tile backsplashes, wood-look flooring, recessed lighting, and black fixtures. Bathrooms are designed with full tub-and-shower combinations. The exterior concept includes contrasting siding, angular rooflines, oversized windows, a covered entry, and contemporary lighting. The property is to be built and is located in El Dorado, Kansas.
Interior plans call for open kitchen and dining areas with shaker cabinetry, tile backsplashes, wood-look flooring, recessed lighting, and black fixtures. Bathrooms are designed with full tub-and-shower combinations. The exterior concept includes contrasting siding, angular rooflines, oversized windows, a covered entry, and contemporary lighting. The property is to be built and is located in El Dorado, Kansas.
Key Highlights
- To‑be‑built duplex at 118 N Arthur St., El Dorado, KS
- Two residences totaling 2,110 square feet
- Each unit measures 1,055 square feet with 3 bedrooms and 2 bathrooms
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
$17,642
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
5.04%
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%
$352,840
$352.8K
Cap Rate 7%
$252,029
$252.0K
Cap Rate 9%
$196,022
$196.0K
Market Conditions
NOI Build-Up for 2,110 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
$26.6K $12.60/SF
− Vacancy
−$1.4K −$0.66/SF
EGI
$25.2K $11.94/SF
− OpEx
−$7.6K −$3.58/SF
NOI
$17.6K $8.36/SF
Area
Butler County, KS
Vacancy
5.20%
Lease Rate
$12.60 /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%
$352,840
Cap Rate 7%
$252,029
Cap Rate 9%
$196,022
Alternative Uses
Best Use
Multifamily LT 5
$252.0K
$220.5K – $294.0K
NOI $17,642 @ 7.0% cap · market cap 5.04%
Second Best
Apartment 5plus
$232.5K
$203.4K – $271.2K
NOI $16,273 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$447.9K
$392.0K – $522.6K
NOI $31,356 @ 7.0% cap · market cap 8.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
370
Businesses Nearby
Explore this area
Business Placement
Demographics for 67042, KS
17,458
Population
7,342
Households
2.4
Avg Household Size
38
Median Age
24%
College-Educated
91%
High-School Grad
258.2 sq mi
ZIP Area
68
Density / Sq Mi
$56,633
Median Household Income
$37,251
Median Earnings
$868
Median Rent
$133,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - To-be-built two-story duplex with private entrances, three-bedroom residences, and modern interior finishes.
Where is this duplex located?
The property is located at 118 N Arthur St El Dorado, KS.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: To‑be‑built duplex at 118 N Arthur St., El Dorado, KS; Two residences totaling 2,110 square feet; Each unit measures 1,055 square feet with 3 bedrooms and 2 bathrooms
