Multifamily Property with
For Sale
$939,000
Pending
333 - 345 N 5th Terrace Terrace, Louisburg, KS 66053
Built in 2020, the property has R-4 zoning.
Property Size5,416 SF
Days on Market77
Property Features for 333 - 345 N 5th Terrace Terrace
General Information
Standard status
Pending
Size
5,416 SF
Property subtype
Residential Income
Zoning
R-4
Taxes and HOA fees
Annual Taxes
$12,500
Amenities
Electric
Garage
Building Details
Building Size
5,416 SF
Year Built
2020
Stories
2
Listing Agency:
Platinum Realty
Listed By:
Cynthia Frohling
(913) 709-6012
Source:
Evrealestate
Added: Jul 24
Changed: Oct 7
Last Checked: Oct 7 at 2:34PM
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 Platinum Realty
Investment Insights
Based on property information with market context.
This multifamily property in Louisburg, Kansas, was built in 2020 and includes a garage. R-4 zoning is also noted for the property.
Key Highlights
- Built in 2020
- R‑4 zoning
- Garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,133
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,002,660
$1.0M
Cap Rate 7%
$716,186
$716.2K
Cap Rate 9%
$557,033
$557.0K
Market Conditions
NOI Build-Up for 5,416 SF
Gross rent
$97.5K $18.00/SF
− Vacancy
−$6.3K −$1.17/SF
EGI
$91.2K $16.83/SF
− OpEx
−$41.0K −$7.57/SF
NOI
$50.1K $9.26/SF
Area
Miami County, KS
Vacancy
6.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,002,660
Cap Rate 7%
$716,186
Cap Rate 9%
$557,033
Alternative Uses
Best Use
Apartment 5plus
$716.2K
$626.7K – $835.6K
NOI $50,133 @ 7.0% cap · market cap 5.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office B
$1.07M
$932.2K – $1.24M
NOI $74,578 @ 7.0% cap · market cap 7.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
285
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Built in 2020, the property has R-4 zoning.
Where is this multifamily property located?
The property is located at 333 - 345 N 5th Terrace Terrace Louisburg, KS.
What is the asking price?
The asking price for this property is $939,000.
What are key features of this property?
This property features: Built in 2020; R‑4 zoning; Garage
