Under-Construction
For Sale
$305,995
Pending
1403 S 4th Street E, Louisburg, KS 66053
Residential, Traditional, Louisburg, KS
Property Size1,850 SF
Lot Size0.21 Acres
Days on Market203
Property Features for 1403 S 4th Street E
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Dining Room, Bedroom 2, Bathroom 1, Laundry Room, Bathroom 3, Bedroom 4, Basement, Bathroom 2, Bedroom 1, Bedroom 3, Laundry Room
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Custom Cabinets, Kitchen Island, Pantry, Walk-In Closet(s)
Basement
Full, Concrete
Appliances
Cooktop, Dishwasher, Disposal, Microwave, Electric Range
Subdivision
Starbrooke
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, Turnright onto S 4th St E, the home will be on your left
Standard status
Pending
APN
109-29-0-40-01-007.00-0
Size
1,850 SF
Lot size
0.21 Acres
Taxes and HOA fees
Tax Description
Starbrooke Lot 1331
Legal Description
Starbrooke Lot 1331
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Electric
Water source
Public
Building Details
Year built
2026
Flooring type
Tile, Laminate, 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: Mar 20
Changed: Sep 13
Last Checked: Oct 8 at 9:06PM
MLS# 2608329
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.
This under-construction duplex residence is planned as a two-story home with 1,850 square feet and four bedrooms. The main level includes an open arrangement for living, dining, and kitchen areas, along with a pantry and half bath. Upstairs are the bedrooms, laundry room, and additional bathrooms, including a primary suite with a walk-in closet, double sinks, and a large shower. Interior appointments include custom cabinetry, a kitchen island, ceiling fans, carpet, laminate, and tile flooring. The home also includes a patio, board-and-batten siding, composition roofing, natural-gas heating, electric cooling, and public water and sewer. The property occupies 0.2127 acres in Louisburg, Kansas, with construction scheduled for 2026.
Key Highlights
- Duplex residence with 1,850 square feet of planned living area
- Four‑bedroom, two‑story layout with bedrooms located on the upper level
- 0.2127‑acre lot with patio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,685
Cap Rate
6.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$393,700
$393.7K
Cap Rate 7%
$281,214
$281.2K
Cap Rate 9%
$218,722
$218.7K
Market Conditions
NOI Build-Up for 1,850 SF
Gross rent
$30.0K $16.20/SF
− Vacancy
−$1.8K −$1.00/SF
EGI
$28.1K $15.20/SF
− OpEx
−$8.4K −$4.56/SF
NOI
$19.7K $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%
$393,700
Cap Rate 7%
$281,214
Cap Rate 9%
$218,722
Alternative Uses
Best Use
Multifamily LT 5
$281.2K
$246.1K – $328.1K
NOI $19,685 @ 7.0% cap · market cap 6.43%
Second Best
Apartment 5plus
$244.6K
$214.1K – $285.4K
NOI $17,125 @ 7.0% cap · market cap 5.60%
Theoretical Best
Office B
$363.9K
$318.4K – $424.6K
NOI $25,475 @ 7.0% cap · market cap 8.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
60
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
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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 - Two-story duplex residence under construction with an open main level, private outdoor space, and public utilities.
Where is this duplex located?
The property is located at 1403 S 4th Street E Louisburg, KS.
What is the asking price?
The asking price for this property is $305,995.
What are key features of this property?
This property features: Duplex residence with 1,850 square feet of planned living area; Four‑bedroom, two‑story layout with bedrooms located on the upper level; 0.2127‑acre lot with patio
