Duplex Townhome With Unfinished
For Sale
$259,000
Pending
1510 S 5th Street E, Louisburg, KS 66053
DUPLEX - Other - Louisburg, KS
Property Size1,471 SF
Lot Size0.14 Acres
Days on Market55
Property Features for 1510 S 5th Street E
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 3, Laundry Room, Laundry Room, Bedroom 2, Bedroom 3, Family Room, Basement, Bathroom 2, Bathroom 1, Bedroom 1, Dining Room
Parking features
Garage
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Painted Cabinets, Walk-In Closet(s)
Fireplace
1
Appliances
Dishwasher, Disposal, Microwave, Electric Range
Subdivision
Starbrooke
Lot features
City Limits, City Lot, Level
Elementary school
Louisburg
Middle school
Louisburg
High school
Louisburg
Elementary school district
Louisburg
Middle school district
Louisburg
High school district
Louisburg
Directions
69 Hwy to K-68 Hwy E, turn left to Rockville Rd, turn right to S 5th St E, home is on the right.
Standard status
Pending
APN
109-32-0-00-00-092.00-0
Size
1,471 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Description
TR BEG NW/C LT 124 STARBROOKE SUB PHASE V TH S110 E53.8 N110 W53.2 TO POB
Tax Annual Amount
3105
HOA Fee
$225 Annually
Legal Description
TR BEG NW/C LT 124 STARBROOKE SUB PHASE V TH S110 E53.8 N110 W53.2 TO POB
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Electric
Water source
Public
Building Details
Year built
2008
Flooring type
Vinyl, Carpet
Building materials
Frame, Wood Siding
Roof type
Composition
Architectural style
Other
Listing Agency:
Compass Realty Group
(816) 280-2773
Listed By:
Amee Kelly
(913) 522-0731
Added: Jun 30
Changed: Aug 4
Last Checked: Aug 23 at 6:06AM
MLS# 2629038
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.
Investment Insights
Based on property information with market context.
Duplex townhome built in 2008 offering 1,471 square feet of living space on a 0.1364-acre lot. The two-story layout includes a bright living room with vaulted ceilings, an updated kitchen and dining area, and three bedrooms upstairs. The primary suite features a private bathroom and a walk-in closet. Additional interior conveniences include ceiling fans, painted cabinets, and a laundry room.
A patio provides outdoor space, while the attached garage adds everyday convenience and extra storage. The home also includes an unfinished basement that can be finished for additional living space, such as an office, rec room, or home gym. A fireplace is also present.
Systems and utilities are supported by public water and public sewer, with natural gas heating and electric cooling. Flooring includes vinyl and carpet. Appliances include a dishwasher, disposal, microwave, and electric range. Roofing is composition, with frame construction and wood siding.
A patio provides outdoor space, while the attached garage adds everyday convenience and extra storage. The home also includes an unfinished basement that can be finished for additional living space, such as an office, rec room, or home gym. A fireplace is also present.
Systems and utilities are supported by public water and public sewer, with natural gas heating and electric cooling. Flooring includes vinyl and carpet. Appliances include a dishwasher, disposal, microwave, and electric range. Roofing is composition, with frame construction and wood siding.
Key Highlights
- 1,471 square feet on a 0.1364‑acre lot
- Three bedrooms and 2.1 baths in a two‑story townhome
- Built in 2008 with vaulted ceilings and an updated kitchen/dining area
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
$15,652
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
6.04%
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%
$313,040
$313.0K
Cap Rate 7%
$223,600
$223.6K
Cap Rate 9%
$173,911
$173.9K
Market Conditions
NOI Build-Up for 1,471 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
$23.8K $16.20/SF
− Vacancy
−$1.5K −$1.00/SF
EGI
$22.4K $15.20/SF
− OpEx
−$6.7K −$4.56/SF
NOI
$15.7K $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%
$313,040
Cap Rate 7%
$223,600
Cap Rate 9%
$173,911
Alternative Uses
Best Use
Multifamily LT 5
$223.6K
$195.7K – $260.9K
NOI $15,652 @ 7.0% cap · market cap 6.04%
Second Best
Apartment 5plus
$194.5K
$170.2K – $226.9K
NOI $13,616 @ 7.0% cap · market cap 5.26%
Theoretical Best
Office B
$289.4K
$253.2K – $337.6K
NOI $20,256 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
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 - Duplex townhome with three bedrooms, 2.1 baths, vaulted ceilings, an attached garage, patio, and an unfinished basement.
Where is this duplex located?
The property is located at 1510 S 5th Street E Louisburg, KS.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: 1,471 square feet on a 0.1364‑acre lot; Three bedrooms and 2.1 baths in a two‑story townhome; Built in 2008 with vaulted ceilings and an updated kitchen/dining area
