Split-Level Residential Income
New
For Sale
$292,723
1402 S 4th Street E, Louisburg, KS 66053
A three-bedroom layout includes a finished lower level with a full bathroom.
Property Size1,801 SF
Price / SF$162.53
Days on Market6
Property Features for 1402 S 4th Street E
General Information
Standard status
Active
Size
1,801 SF
Property subtype
Duplex
Amenities
Ceiling Fan(s)
Custom Cabinets
Kitchen Island
Painted Cabinets
Pantry
Smart Thermostat
Building Details
Building Size
1,801 SF
Year Built
2026
Stories
2
Construction
split-level
Listing Agency:
Platinum Realty LLC
Listed By:
Chelsea Fanders
(888) 220-0988
Source:
Fishburnrealtyllc
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 26 at 3:53AM
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 Platinum Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Planned for completion in December 2026, this split-level residence is arranged across a main level, upper floor, and finished basement. The main level combines the kitchen, dining area, and living room in an open layout, with a walk-in pantry. Two bedrooms and the laundry room are upstairs; the lower level adds a third bedroom and a full bathroom.
The property is located at 1402 S 4th Street E in Louisburg, Kansas. The completion date is estimated.
The property is located at 1402 S 4th Street E in Louisburg, Kansas. The completion date is estimated.
Key Highlights
- Estimated completion in December 2026
- Three bedrooms across the upper floor and finished basement
- Finished basement includes a full bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,671
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,420
$333.4K
Cap Rate 7%
$238,157
$238.2K
Cap Rate 9%
$185,233
$185.2K
Market Conditions
NOI Build-Up for 1,801 SF
Gross rent
$32.4K $18.00/SF
− Vacancy
−$2.1K −$1.17/SF
EGI
$30.3K $16.83/SF
− OpEx
−$13.6K −$7.57/SF
NOI
$16.7K $9.26/SF
Area
Miami County, KS
Vacancy
6.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$333,420
Cap Rate 7%
$238,157
Cap Rate 9%
$185,233
Alternative Uses
Best Use
Apartment 5plus
$238.2K
$208.4K – $277.9K
NOI $16,671 @ 7.0% cap · market cap 5.70%
Second Best
—
—
no second resolved use
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.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
58
Businesses Nearby
Explore this area
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
Frequently Asked Questions
What type of property is this?
Residential income property - A three-bedroom layout includes a finished lower level with a full bathroom.
Where is this residential income property 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: Estimated completion in December 2026; Three bedrooms across the upper floor and finished basement; Finished basement includes a full bathroom
