New Construction
For Sale
$350,000
120 N Arthur St, El Dorado, KS 67042
Two private residences include open layouts, dedicated entrances, central HVAC, laundry hookups, and on-site parking.
Property Size2,110 SF
Price / SF$165.88
Days on Market8
Property Features for 120 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
Amenities
on-site parking
central HVAC
washer/dryer hookups
Building Details
Buildings
1
Stories
2
Construction
modern
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
David Sowden
(316) 708-2629
Source:
Exprealty
Added: Sep 14
Changed: Sep 21
Last Checked: Sep 21 at 5:54AM
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 120 N Arthur St, this new construction property will contain 2,110 square feet, with 1,055 square feet allocated to each residence. The completed building will offer two separately entered homes, each arranged with 3 bedrooms and 2 bathrooms. Central heating and air conditioning, washer and dryer hookups, and on-site parking are planned for both units.
Interior specifications call for open kitchen and dining areas, shaker cabinetry, tile backsplashes, wood-look flooring, recessed lighting, and contemporary black fixtures. Each bathroom is planned with a full tub and shower combination. The exterior concept includes contrasting siding, angular rooflines, tall windows, a covered entry, and accent lighting. The property is offered as the complete duplex; the neighboring duplex at 118 N Arthur St. is listed separately.
Interior specifications call for open kitchen and dining areas, shaker cabinetry, tile backsplashes, wood-look flooring, recessed lighting, and contemporary black fixtures. Each bathroom is planned with a full tub and shower combination. The exterior concept includes contrasting siding, angular rooflines, tall windows, a covered entry, and accent lighting. The property is offered as the complete duplex; the neighboring duplex at 118 N Arthur St. is listed separately.
Key Highlights
- New construction two‑story duplex totaling 2,110 square feet
- Two residences with 1,055 square feet per level
- Each unit includes 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
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
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 - Two private residences include open layouts, dedicated entrances, central HVAC, laundry hookups, and on-site parking.
Where is this duplex located?
The property is located at 120 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: New construction two‑story duplex totaling 2,110 square feet; Two residences with 1,055 square feet per level; Each unit includes 3 bedrooms and 2 bathrooms
