New Construction Ranch
For Sale
$169,900
505 E Harper St, Valley Center, KS 67147
Residential, Valley Center, KS
Property Size1,203 SF
Lot Size0.09 Acres
Price / SF$141.23
Days on Market380
Property Features for 505 E Harper St
General Information
Property type
Residential
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 3, Laundry Room, Bathroom 1, Dining Room, Bedroom 2
Patio and Porch features
Patio
Subdivision
SUNFLOWER
Lot features
Standard
Elementary school
Valley Center
Middle school
Valley Center
High school
Valley Center
Elementary school district
Valley Center Pub School (USD 262)
Middle school district
Valley Center Pub School (USD 262)
High school district
Valley Center Pub School (USD 262)
Directions
West on 77th(Ford St.) - Go left onto Wybern St. Right onto E. Hayes St. and Right onto Harper St. Unit is on the left
Standard status
Active
APN
087-093-06-0-21-02-006.11
Size
1,203 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
LONG LEGAL; SEE REMARKS
HOA Fee
$600 Annually
Legal Description
LONG LEGAL; SEE REMARKS
Utilities
Utilities
Natural Gas Available
Heating system
Natural Gas, Forced Air
Cooling system
Central Air, Electric
Building Details
Year built
2025
Floors in Building
1
Building materials
Frame
Roof type
Composition
Architectural style
Ranch
Listing Agency:
Heritage 1st Realty
(316) 512-1300
Listed By:
Dustin Lynam · License #00237038
(316) 259-9184
Added: Oct 4, 2025
Changed: Oct 8
Last Checked: Oct 18 at 7:06AM
MLS# 662872
Copyright © 2026 South Central Kansas MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Brand new 3-bedroom, 2-bath townhome offering 1,203 square feet with an open floor plan designed for everyday living. The interior includes a spacious living room, a large kitchen island, and a generous pantry for additional storage. The primary suite features a private bath and a walk-in closet.
The home includes an attached 2-car garage and is located in the Valley Center school district. The property is identified by the legal description provided for TH PT LOT 3 COMM SOUTHERNMOST SE COR THEREOF.
Offered for sale at 505 E Harper St in Valley Center, Kansas, this newly constructed residence sits on a 0.09-acre lot (lot size provided).
The home includes an attached 2-car garage and is located in the Valley Center school district. The property is identified by the legal description provided for TH PT LOT 3 COMM SOUTHERNMOST SE COR THEREOF.
Offered for sale at 505 E Harper St in Valley Center, Kansas, this newly constructed residence sits on a 0.09-acre lot (lot size provided).
Key Highlights
- Brand new 3‑bedroom, 2‑bath townhome under construction (Year built: 2025)
- 1,203 SF ranch‑style layout with open floor plan
- Kitchen features a large island plus a generous pantry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,278
Cap Rate
5.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$185,560
$185.6K
Cap Rate 7%
$132,543
$132.5K
Cap Rate 9%
$103,089
$103.1K
Market Conditions
NOI Build-Up for 1,203 SF
Gross rent
$17.8K $14.76/SF
− Vacancy
−$888 −$0.74/SF
EGI
$16.9K $14.02/SF
− OpEx
−$7.6K −$6.31/SF
NOI
$9.3K $7.71/SF
Area
Sedgwick County, KS
Vacancy
5.00%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$185,560
Cap Rate 7%
$132,543
Cap Rate 9%
$103,089
Alternative Uses
Best Use
Apartment 5plus
$132.5K
$116.0K – $154.6K
NOI $9,278 @ 7.0% cap · market cap 5.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$250.7K
$219.4K – $292.5K
NOI $17,552 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
Explore this area
Business Placement
Demographics for 67147, KS
10,715
Population
4,106
Households
2.6
Avg Household Size
37
Median Age
39%
College-Educated
92%
High-School Grad
103.6 sq mi
ZIP Area
103
Density / Sq Mi
$82,711
Median Household Income
$47,569
Median Earnings
$996
Median Rent
$227,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Single family property - New 3-bedroom, 2-bath townhome with an open layout and an attached 2-car garage.
Where is this single family property located?
The property is located at 505 E Harper St Valley Center, KS.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: Brand new 3‑bedroom, 2‑bath townhome under construction (Year built: 2025); 1,203 SF ranch‑style layout with open floor plan; Kitchen features a large island plus a generous pantry
