Three-Bedroom Ranch
For Sale
$212,500
Pending
612 MCKENNA Street, Louisburg, KS 66053
Residential, Traditional, Louisburg, KS
Property Size1,250 SF
Lot Size0.17 Acres
Days on Market51
Property Features for 612 MCKENNA Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bathroom 2, Laundry Room, Bathroom 1, Bedroom 3, Bedroom 2
Parking features
Open, Garage
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Walk-In Closet(s)
Exterior features
Sat Dish Allowed
Fencing
Privacy
Appliances
Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Refrigerator, Electric Range, Washer
Subdivision
South Trails
Lot features
City Limits, Level, Many Trees
Elementary school
Rockville Elementary
Middle school
Louisburg
High school
Louisburg
Elementary school district
Louisburg
Middle school district
Louisburg
High school district
Louisburg
Directions
Louisburg- K68 Hwy to Metcalf, N 1/4 mile to South Trails subdivision on left, enter, go left at stop sign, follow road around, curves twice, turns into McKenna, property to the North on left side
Standard status
Pending
APN
109-30-0-40-01-001.27-0
Size
1,250 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Description
S30-T16-R25. South Trails Subdivision, Lot 21. Exact legal description to follow, as per title commitment policy prior to closing.
Tax Annual Amount
2478
HOA Fee
$75 Monthly
Legal Description
S30-T16-R25. South Trails Subdivision, Lot 21. Exact legal description to follow, as per title commitment policy prior to closing.
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Heat Pump
Water source
Public
Amenities
fenced backyard
covered pergola patio
storage shed
pellet stove
Building Details
Year built
2006
Flooring type
Carpet
Building materials
Stucco & Frame, Vinyl Siding
Roof type
Composition
Architectural style
Other
Additional Structures
Gazebo
Listing Agency:
Real Broker, LLC
(785) 329-9077
Listed By:
Katie LaBrie · License #SP00225141
(913) 205-8554
Added: Jul 14
Changed: Aug 20
Last Checked: Sep 2 at 5:06PM
MLS# 2631484
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.
This 1,250-square-foot half duplex, built in 2006, offers three bedrooms and two bathrooms on one level. The interior includes new flooring, updated light fixtures, ceiling fans, a kitchen equipped with new appliances, and a pellet stove in the living room. The washer and dryer remain with the property, while public water and public sewer serve the home.
Outdoor features include a 0.1749-acre lot, a fully fenced backyard, privacy fencing, a covered pergola patio, and a storage shed. The property also includes an attached one-car garage with additional storage capacity. HOA services cover weekly curbside trash collection and mowing of the front and side yard.
Outdoor features include a 0.1749-acre lot, a fully fenced backyard, privacy fencing, a covered pergola patio, and a storage shed. The property also includes an attached one-car garage with additional storage capacity. HOA services cover weekly curbside trash collection and mowing of the front and side yard.
Key Highlights
- 1,250‑square‑foot half duplex with three bedrooms and two bathrooms
- Built in 2006 with new flooring and updated light fixtures
- New kitchen appliances, washer, and dryer included
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
$13,300
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
6.26%
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%
$266,000
$266.0K
Cap Rate 7%
$190,000
$190.0K
Cap Rate 9%
$147,778
$147.8K
Market Conditions
NOI Build-Up for 1,250 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
$20.3K $16.20/SF
− Vacancy
−$1.2K −$1.00/SF
EGI
$19.0K $15.20/SF
− OpEx
−$5.7K −$4.56/SF
NOI
$13.3K $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%
$266,000
Cap Rate 7%
$190,000
Cap Rate 9%
$147,778
Alternative Uses
Best Use
Multifamily LT 5
$190.0K
$166.3K – $221.7K
NOI $13,300 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$165.3K
$144.6K – $192.9K
NOI $11,571 @ 7.0% cap · market cap 5.45%
Theoretical Best
Office B
$245.9K
$215.2K – $286.9K
NOI $17,213 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
247
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Single-level half-duplex residence with updated finishes, included appliances, and a private fenced yard.
Where is this duplex located?
The property is located at 612 MCKENNA Street Louisburg, KS.
What is the asking price?
The asking price for this property is $212,500.
What are key features of this property?
This property features: 1,250‑square‑foot half duplex with three bedrooms and two bathrooms; Built in 2006 with new flooring and updated light fixtures; New kitchen appliances, washer, and dryer included
