Two-Story Duplex
For Sale
$301,215
Pending
1421 S 4th Street E, Louisburg, KS 66053
Residential, Traditional, Louisburg, KS
Property Size1,850 SF
Lot Size0.25 Acres
Days on Market96
Property Features for 1421 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, Bathroom 2, Laundry Room, Basement, Bathroom 1, Bedroom 3, Bedroom 2, Bathroom 3, Dining Room, Bedroom 4, Bedroom 1
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
0.25 Acres
Taxes and HOA fees
Tax Description
Starbrooke Lot 1312
Legal Description
Starbrooke Lot 1312
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Electric
Water source
Public
Building Details
Year built
2026
Flooring type
Carpet, Vinyl
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: Jul 21
Changed: Oct 17
Last Checked: Oct 24 at 2:06PM
MLS# 2632728
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 on a 0.2526-acre lot. The main floor is arranged around an open living, dining, and kitchen area, with a walk-in pantry and half bath nearby. Four bedrooms are located upstairs, along with the laundry room. The primary suite includes a private bath with a large shower, double sinks, and a walk-in closet.
Interior specifications include custom cabinets, a kitchen island, ceiling fans, vinyl and carpet flooring, natural-gas heating, and electric cooling. The property is scheduled for construction in 2026 and includes public water and public sewer service. The lower level may be finished in the future for additional recreation, bedroom, and bathroom space, subject to the final build plan.
Interior specifications include custom cabinets, a kitchen island, ceiling fans, vinyl and carpet flooring, natural-gas heating, and electric cooling. The property is scheduled for construction in 2026 and includes public water and public sewer service. The lower level may be finished in the future for additional recreation, bedroom, and bathroom space, subject to the final build plan.
Key Highlights
- 1850 square feet on a 0.2526‑acre lot
- Two‑story layout with 4 bedrooms and 2.5 baths
- Open living, dining, and kitchen arrangement
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
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.
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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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Under-construction duplex with an open main level and four upstairs bedrooms.
Where is this duplex located?
The property is located at 1421 S 4th Street 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: 1850 square feet on a 0.2526‑acre lot; Two‑story layout with 4 bedrooms and 2.5 baths; Open living, dining, and kitchen arrangement
