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Split-Level Duplex with Finished Basement

1312 S 4th Street E Louisburg, KS 66053

1312 S 4th Street E, Louisburg, KS, 66053
$294,729
For Sale
$294,729

DUPLEX - Other - Louisburg, KS

Property Size1,801 SF
Lot Size0.23 Acres
Price / SF$163.65
Days on Market183

Property Features for 1312 S 4th Street E

General Information

Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
3
Bathrooms
3
Rooms
Bathroom 1, Bedroom 3, Dining Room, Laundry Room, Laundry Room, Bedroom 2, Basement, Bedroom 1, Bathroom 3, Game Room, Bathroom 2
Parking features
Garage
Patio and Porch features
Deck
Interior features
Ceiling Fan(s), Custom Cabinets, Kitchen Island, Painted Cabinets, Pantry, Smart Thermostat
Basement
Finished, Full, Daylight
Appliances
Dishwasher, Disposal, Microwave, Electric Range, Stainless Steel Appliance(s)
Standard status
Active
APN
109-29-0-40-01-011.00-0
Size
1,801 SF
Lot size
0.23 Acres

Taxes and HOA fees

Tax Description
Starbrooke Lot 1472

Utilities

Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Electric
Water source
Public

Building Details

Year built
2026
Flooring type
Carpet
Building materials
Board & Batten Siding
Roof type
Composition
Architectural style
Other
Listing agency Platinum Realty LLC
Listed by Chelsea Fanders
Added: Jan 20 Updated: Jul 21 at 8:02PM Checked: Jul 22 at 4:06AM
MLS# 2597711

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.

MODEL NOT FOR SALE. This split-level duplex floor plan is designed around a large foyer and an open-concept main level that connects the kitchen, dining room, and living room, with large windows for natural light. The kitchen is described with large quartz countertops and a walk-in pantry, supporting an efficient flow for everyday use.

Upstairs, the plan places a laundry room near two bedrooms, along with a primary bath that includes a full tile shower and an oversized quartz countertop with two sinks. Downstairs, the fully finished basement is laid out with a full bath and a third bedroom, adding additional finished living space within the duplex configuration.

This is presented as a model layout associated with the duplex offering at the provided address in Louisburg, Kansas.

Key Highlights

  • Under construction for 2026 completion on a split‑level home plan with a main‑level open‑concept kitchen, dining, and living areas
  • Kitchen features large quartz countertops, kitchen island, walk‑in pantry, and stainless steel appliances including dishwasher, microwave, and electric range
  • Primary bath includes a full tile shower and an oversized quartz countertop with two sinks

Local Financial Insights For Multifamily LT 5

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 $29.2k $16.20
− Vacancy −$1.8k −$1.00
EGI $27.4k $15.20
− OpEx −$8.2k −$4.56
NOI $19.2k $10.64
1,801 SF · lease $16.20/SF/yr · vacancy 6.17% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$273.8K
$239.5K – $319.4K (±1% cap)
NOI $19,163 @ 7.0% cap · market cap 6.50%
Second Best
Apartment 5plus
$238.2K
$208.4K – $277.9K (±1% cap)
NOI $16,671 @ 7.0% cap · market cap 5.66%
Theoretical Best
Office B
$354.3K
$310.0K – $413.3K (±1% cap)
NOI $24,800 @ 7.0% cap · market cap 8.41%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Building Supply Real Estate Agency Electrical Service Big Box & Wholesale Store Auto Repair Shop Grocery & Convenience Store Dental Office Kitchen & Bath Showroom Furniture & Home Goods Barber Shop

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Split-level duplex plan includes open main living area, walk-in pantry, and a fully finished basement with full bath.
Where is this duplex located?
The property is located at 1312 S 4th Street E Louisburg, KS.
What is the asking price?
The asking price for this property is $294,729.
What are key features of this property?
This property features: Under construction for 2026 completion on a split‑level home plan with a main‑level open‑concept kitchen, dining, and living areas; Kitchen features large quartz countertops, kitchen island, walk‑in pantry, and stainless steel appliances including dishwasher, microwave, and electric range; Primary bath includes a full tile shower and an oversized quartz countertop with two sinks
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