Brand-New Twin Home with
506 E Harper St Valley Center, KS 67147
506 E Harper St, Valley Center, KS, 67147
$187,500
For Sale
$187,500
SINGLE_FAMILY - Ranch - Valley Center, KS
Property Size1,379 SF
Lot Size0.09 Acres
Price / SF$135.97
Days on Market189
Property Features for 506 E Harper St
General Information
- Property type
- Residential
- Property subtype
- Duplex
- Property condition
- Under Construction
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Laundry Room, Bedroom 4, Dining Room, Bathroom 1, Bedroom 2, Bathroom 2, Bedroom 3, Bedroom 1
- Patio and Porch features
- Patio
- Interior features
- Ceiling Fan(s), Walk-In Closet(s), Vaulted Ceiling(s), Smoke Detector(s)
- Exterior features
- Guttering - ALL, Sprinkler System
- Fireplace
- 1
- Appliances
- Dishwasher, Disposal, Microwave, Range, Smoke Detector
- Standard status
- Active
- APN
- 087-093-06-0-21-02-003.00
- Size
- 1,379 SF
- Lot size
- 0.09 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- LOT 1 BLOCK B SUNFLOWER VALLEY ADDITION
Utilities
- Utilities
- Natural Gas Available
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Electric, Central Air
Building Details
- Year built
- 2025
- Floors in Building
- 1
- Flooring type
- Smoke detector(s)
- Building materials
- Frame
- Roof type
- Composition
- Architectural style
- Ranch
Listing Agency
Heritage 1st Realty
(316) 512-1300
12005 E 13th St N, Wichita, KS
Listed by
Dustin Lynam · License #00237038
(316) 259-9184
Added: Jan 11 Checked: Jul 19 at 7:06 pm
MLS# 666901
Listing URL
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.
Investment Insights
Based on property information with market context.
This brand-new four-bedroom, two-bath twin home features a split-bedroom floor plan designed for comfortable day-to-day living. Inside, you’ll find a spacious kitchen with a walk-in pantry and a separate laundry area. An attached two-car garage adds convenience and extra storage, and the home is finished with a covered back patio that overlooks a peaceful water view.
Located at 506 E Harper St in Valley Center, KS, the property is within the Valley Center School District.
The interior layout centers on the split-bedroom arrangement, with the kitchen, pantry, and laundry set up to support an efficient routine. Covered outdoor space and the attached garage round out the practical features of this move-in-ready home.
Located at 506 E Harper St in Valley Center, KS, the property is within the Valley Center School District.
The interior layout centers on the split-bedroom arrangement, with the kitchen, pantry, and laundry set up to support an efficient routine. Covered outdoor space and the attached garage round out the practical features of this move-in-ready home.
Key Highlights
- Brand‑new 4‑bedroom, 2‑bath ranch twin home under construction (Year built: 2025)
- Split‑bedroom layout with a spacious kitchen and walk‑in pantry plus a separate laundry area
- Covered back patio with a peaceful water view
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $17.4k | $12.60 |
| − Vacancy | −$904 | −$0.66 |
| EGI | $16.5k | $11.94 |
| − OpEx | −$4.9k | −$3.58 |
| NOI | $11.5k | $8.36 |
1,379 SF · lease $12.60/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$164.7K
$144.1K – $192.2K
NOI $11,530 @ 7.0% cap · market cap 6.15%
Second Best
Apartment 5plus
$151.9K
$132.9K – $177.3K
NOI $10,635 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$287.4K
$251.5K – $335.3K
NOI $20,120 @ 7.0% cap · market cap 10.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - New four-bedroom, two-bath twin home with a covered back patio and attached two-car garage.
Where is this duplex located?
The property is located at 506 E Harper St Valley Center, KS.
What is the asking price?
The asking price for this property is $187,500.
What are key features of this property?
This property features: Brand‑new 4‑bedroom, 2‑bath ranch twin home under construction (Year built: 2025); Split‑bedroom layout with a spacious kitchen and walk‑in pantry plus a separate laundry area; Covered back patio with a peaceful water view
