Two-Story Duplex with Open
For Sale
$301,215
Pending
1421 S 4th St E, Louisburg, KS 66053
Two-story duplex plan with open main-level living, walk-in pantry, and upper-level laundry near the primary suite.
Property Size1,850 SF
Days on Market38
Property Features for 1421 S 4th St E
General Information
Standard status
Pending
Size
1,850 SF
Property subtype
Multi-Family
Building Details
Year Built
2026
Stories
2
Listing Agency:
Golden Oak Real Estate, LLC
(816) 224-5650
Listed By:
Amy Arndorfer · License #2000156181
(816) 224-5650
Source:
Amysold
Added: Jul 23
Changed: Aug 28
Last Checked: Aug 28 at 10:18AM
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 Golden Oak Real Estate, LLC
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.
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,685
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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 6.54%
Second Best
Apartment 5plus
$244.6K
$214.1K – $285.4K
NOI $17,125 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office B
$363.9K
$318.4K – $424.6K
NOI $25,475 @ 7.0% cap · market cap 8.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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
