Under-Construction Duplex with Finished
For Sale
$292,723
1402 S 4th Street E, Louisburg, KS 66053
Residential, Traditional, Louisburg, KS
Property Size1,801 SF
Lot Size0.23 Acres
Price / SF$162.53
Days on Market114
Property Features for 1402 S 4th Street E
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 1, Bathroom 3, Game Room, Basement, Dining Room, Laundry Room, Bathroom 2, Bedroom 1, Laundry Room, Bedroom 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, Daylight, Full
Appliances
Dishwasher, Disposal, Microwave, Electric Range, Stainless Steel Appliance(s)
Subdivision
Starbrooke
Lot features
City Limits
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 right.
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 1442
Legal Description
Starbrooke Lot 1442
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
(888) 220-0988
Listed By:
Chelsea Fanders
(402) 480-3772
Added: Jul 3
Changed: Oct 17
Last Checked: Oct 24 at 1:06PM
MLS# 2629623
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.
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Investment Insights
Based on property information with market context.
This under-construction duplex is scheduled for completion in December 2026 and offers 1,801 square feet on a 0.2273-acre lot. The split-level design includes a foyer, open kitchen, dining, and living areas, along with three bedrooms, three bathrooms, a laundry room, and a finished basement with a game room. Interior features include custom and painted cabinetry, a kitchen island, pantry, smart thermostat, ceiling fans, and carpet flooring. A deck and garage provide additional functional space.
The kitchen is planned with a dishwasher, disposal, microwave, electric range, and stainless steel appliances. The property will use natural gas heating, electric cooling, public water, and public sewer. Located at 1402 S 4th Street E in Louisburg, Kansas, the home is being built with board-and-batten siding and a composition roof. Model photographs were used in the source information, and some features may differ from the completed home.
The kitchen is planned with a dishwasher, disposal, microwave, electric range, and stainless steel appliances. The property will use natural gas heating, electric cooling, public water, and public sewer. Located at 1402 S 4th Street E in Louisburg, Kansas, the home is being built with board-and-batten siding and a composition roof. Model photographs were used in the source information, and some features may differ from the completed home.
Key Highlights
- 1,801‑square‑foot duplex under construction
- 0.2273‑acre lot at 1402 S 4th Street E, Louisburg, KS 66053
- Estimated completion in December 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,163
Cap Rate
6.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,260
$383.3K
Cap Rate 7%
$273,757
$273.8K
Cap Rate 9%
$212,922
$212.9K
Market Conditions
NOI Build-Up for 1,801 SF
Gross rent
$29.2K $16.20/SF
− Vacancy
−$1.8K −$1.00/SF
EGI
$27.4K $15.20/SF
− OpEx
−$8.2K −$4.56/SF
NOI
$19.2K $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 Rate 5%
$383,260
Cap Rate 7%
$273,757
Cap Rate 9%
$212,922
Alternative Uses
Best Use
Multifamily LT 5
$273.8K
$239.5K – $319.4K
NOI $19,163 @ 7.0% cap · market cap 6.55%
Second Best
Apartment 5plus
$238.2K
$208.4K – $277.9K
NOI $16,671 @ 7.0% cap · market cap 5.70%
Theoretical Best
Office B
$354.3K
$310.0K – $413.3K
NOI $24,800 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
60
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Split-level duplex with an open living area, three bedrooms, three bathrooms, and a finished basement.
Where is this duplex located?
The property is located at 1402 S 4th Street E Louisburg, KS.
What is the asking price?
The asking price for this property is $292,723.
What are key features of this property?
This property features: 1,801‑square‑foot duplex under construction; 0.2273‑acre lot at 1402 S 4th Street E, Louisburg, KS 66053; Estimated completion in December 2026
