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Split-Level Duplex with Finished Basement
For Sale
$297,274
Pending

1440 S 4th Street E, Louisburg, KS 66053

Residential, Traditional, Louisburg, KS

Property Size1,801 SF
Lot Size0.23 Acres
Days on Market162

Property Features for 1440 S 4th Street E

General Information

Property type Residential Multi Family
Property subtype Duplex
Property condition Under Construction
Bedrooms 3
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 1, Laundry Room, Bedroom 2, Dining Room, Laundry Room, Basement, Bathroom 3, Game Room, Bathroom 1, Bathroom 2, Bedroom 3
Parking features Garage
Patio and Porch features Deck
Interior features Ceiling Fan(s), Custom Cabinets, Kitchen Island, Painted Cabinets, Pantry, Smart Thermostat
Basement Daylight, Finished, Full
Appliances Dishwasher, Disposal, Microwave, Electric Range, Stainless Steel Appliance(s)
Subdivision Starbrooke
Lot features City Limits
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 109-29-0-40-01-011.00-0
Size 1,801 SF
Lot size 0.23 Acres

Taxes and HOA fees

Tax Description Starbrooke Lot 1411
Legal Description Starbrooke Lot 1411

Utilities

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

Building Details

Year built 2026
Flooring type Carpet
Building materials Board & Batten Siding
Roof type Composition
Architectural style Other
Listing Agency: Platinum Realty LLC
Listed By: Chelsea Fanders
Added: May 16 Changed: Oct 17 Last Checked: Oct 24 at 2:06PM
MLS# 2620641

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 in Louisburg includes 1801 square feet arranged across split-level living spaces. The plan features an open kitchen, dining area, and living room, along with a large foyer, pantry, kitchen island, custom cabinets, and stainless steel appliances. A laundry room is positioned near two bedrooms, while the finished basement includes a third bedroom, game room, and full bathroom. Interior details include carpet flooring, ceiling fans, and a smart thermostat. The home also includes a deck and garage parking.

Construction elements include board and batten siding, a composition roof, natural gas heat, electric cooling, public water, and public sewer. The property occupies 0.2273 acres at 1440 S 4th Street E in Louisburg, Miami County, Kansas. The stated year built is 2026.

Key Highlights

  • Duplex classification with 1801 square feet of interior space
  • Split‑level plan with open kitchen, dining, and living areas
  • Finished basement includes a third bedroom, game room, and full bathroom

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$19,163
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$383,260 $383.3K
Cap Rate 7%
$273,757 $273.8K
Cap Rate 9%
$212,922 $212.9K
Market Conditions
NOI Build-Up for 1,801 SF
Gross rent
$29.2K $16.20/SF
− Vacancy
−$1.8K −$1.00/SF
EGI
$27.4K $15.20/SF
− OpEx
−$8.2K −$4.56/SF
NOI
$19.2K $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%
$383,260
Cap Rate 7%
$273,757
Cap Rate 9%
$212,922

Alternative Uses

Best Use
Multifamily LT 5
$273.8K
$239.5K – $319.4K (±1% cap)
NOI $19,163 @ 7.0% cap · market cap 6.45%
Second Best
Apartment 5plus
$238.2K
$208.4K – $277.9K (±1% cap)
NOI $16,671 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office B
$354.3K
$310.0K – $413.3K (±1% cap)
NOI $24,800 @ 7.0% cap · market cap 8.34%
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 duplex with an open kitchen, dining, and living arrangement plus a finished lower level.
Where is this duplex located?
The property is located at 1440 S 4th Street E Louisburg, KS.
What is the asking price?
The asking price for this property is $297,274.
What are key features of this property?
This property features: Duplex classification with 1801 square feet of interior space; Split‑level plan with open kitchen, dining, and living areas; Finished basement includes a third bedroom, game room, and full bathroom
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