Building Details

Year Built 2026

Stories 2

Listing Agency: Realty Professionals Heartland Show Phone

Listed By: Amy Arndorfer · License #2000156181 Show Phone

Source: Amysold

Added: Jul 23 Changed: Oct 15 Last Checked: Oct 14 at 11:22PM

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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 Realty Professionals Heartland

Investment Insights

Based on property information with market context.

This 1,850-square-foot duplex property is identified as a 2026 build with a two-story layout. The main floor combines kitchen, living, and dining areas in an open arrangement, with abundant windows, a walk-in pantry, and a half bath. All four bedrooms are upstairs, including a primary suite with a walk-in closet, double-sink bath, and large shower. The laundry room is positioned near the primary suite for convenient access.

The lower level offers the option to be finished with a recreation room, additional bedroom, and bathroom, providing a potential way to expand the usable space. The property is located at 1421 S 4th St E in Louisburg, Kansas.

Key Highlights

• Duplex property with 1,850 square feet
• 2026 build with a two‑story floor plan
• Four bedrooms and 2.5 baths

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,685

Cap Rate

6.54%

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 6.54%

Second Best

Apartment 5plus

$244.6K

$214.1K – $285.4K (±1% cap)

NOI $17,125 @ 7.0% cap · market cap 5.69%

Theoretical Best

Office B

$363.9K

$318.4K – $424.6K (±1% cap)

NOI $25,475 @ 7.0% cap · market cap 8.46%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Building Supply Auto Repair Shop Electrical Service Real Estate Agency Grocery & Convenience Store Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - Two-story duplex plan with open main-level living, walk-in pantry, and upper-level laundry near the primary suite.

Where is this duplex located?

The property is located at 1421 S 4th St E Louisburg, KS.

What is the asking price?

The asking price for this property is $301,215.

What are key features of this property?

This property features: Duplex property with 1,850 square feet; 2026 build with a two‑story floor plan; Four bedrooms and 2.5 baths