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Two-Story Duplex with Open Layout
For Sale
$306,721
Pending

1413 S 4th Street E, Louisburg, KS 66053

Residential, Traditional, Louisburg, KS

Property Size1,850 SF
Lot Size0.21 Acres
Days on Market153

Property Features for 1413 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 Laundry Room, Laundry Room, Bathroom 1, Bathroom 2, Bedroom 3, Basement, Bedroom 2, Bedroom 1, Bedroom 4, Bathroom 3, Dining Room
Patio and Porch features Patio
Interior features Ceiling Fan(s), Custom Cabinets, Kitchen Island, Pantry, Walk-In Closet(s)
Basement Concrete, Full
Appliances Cooktop, Dishwasher, Disposal, Microwave, Electric Range
Subdivision Starbrooke
Lot features Corner Lot
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 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 1321
Legal Description Starbrooke Lot 1321

Utilities

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

Building Details

Year built 2026
Flooring type Carpet, Tile, Laminate
Building materials Board & Batten Siding
Roof type Composition
Architectural style Other
Listing Agency: Platinum Realty LLC
Listed By: Chelsea Fanders
Added: May 25 Changed: Oct 17 Last Checked: Oct 24 at 3:06PM
MLS# 2622174

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 property is planned as a two-story residence with 1,850 square feet of living area. The layout includes four bedrooms, 2.5 bathrooms, a dining room, laundry room, pantry, kitchen island, and walk-in closet. Laminate, carpet, and tile flooring are specified, along with board and batten siding, a composition roof, patio, ceiling fans, and custom cabinetry. Kitchen appliances include a cooktop, electric range, dishwasher, disposal, and microwave. Natural-gas heating and electric cooling are planned, with public water and public sewer service.

The property occupies 0.2127 acres at 1413 S 4th Street E in Louisburg, Miami County, Kansas. Construction is scheduled for 2026. The source notes that available images depict a prior model and that some pictured features may not be part of this home.

Key Highlights

  • Duplex property with a two‑story layout and 1,850 square feet
  • Four bedrooms and 2.5 bathrooms
  • 0.2127‑acre lot at 1413 S 4th Street E, Louisburg, KS 66053

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$19,685
Cap Rate
6.42%
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 (±1% cap)
NOI $19,685 @ 7.0% cap · market cap 6.42%
Second Best
Apartment 5plus
$244.6K
$214.1K – $285.4K (±1% cap)
NOI $17,125 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office B
$363.9K
$318.4K – $424.6K (±1% cap)
NOI $25,475 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Location Intelligence

Trade Area within ½ mile

60
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Under construction with four bedrooms, natural-gas heat, public utilities, and a kitchen featuring custom cabinetry and an island.
Where is this duplex located?
The property is located at 1413 S 4th Street E Louisburg, KS.
What is the asking price?
The asking price for this property is $306,721.
What are key features of this property?
This property features: Duplex property with a two‑story layout and 1,850 square feet; Four bedrooms and 2.5 bathrooms; 0.2127‑acre lot at 1413 S 4th Street E, Louisburg, KS 66053
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