605 S Olive St, Louisburg, KS, 66053
About This Home
**Investor Opportunity!** Unique income-producing property featuring **two separate rental units** with established tenants who would love to stay, making this an excellent turnkey investment from day one. **Unit 1** offers 3 bedrooms, 1 full bath, a spacious garage with room for up to two cars deep, and a large fenced backyard that provides plenty of space for outdoor entertaining, pets, or family activities. **Unit 2** features 2 bedrooms on the second level, convenient laundry, and a garage that has been converted into a large bonus living space, adding flexibility and value for tenants. Numerous updates have already been completed, including fresh paint, updated flooring, cabinets, and countertops, helping reduce future maintenance costs and increasing rental appeal. Whether you're looking to expand your investment portfolio or purchase your first income-producing property, this well-maintained duplex offers strong rental potential and immediate cash flow opportunities. With reliable tenants already in place and wishing to remain long term, this is a rare opportunity you won't want to miss. *** PROPERTY IS BEING SOLD AS IS***
Getting Around
Somewhat Walkable
Very Limited Transit
BikeableSchools
Construction
Materials
- Roof: Composition
- Construction materials: Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subType: Mixed Use
Interior
Appliances
- Laundry features: Lower Level
Basement
- Basement: Crawl Space
Bedroom1
- Level: First
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 2
Features
- Flooring: Carpet,Laminate
- Finished area below ground: 0
- Finished area above ground: 2,118
Heating & Cooling
- Heating features: Natural Gas
- Cooling features: Window Unit(s)
Interior Area
- Total structure area: 2,118
- Total interior livable area: 2,118 sqft
Property
Details
- Parcel number: 1093101051004.000
Features
- Patio & porch: Deck,Patio
- Fencing: Metal
Lot
- Lot size: 8,250 sqft
Parking
- Total spaces: 1
- Parking features: Attached
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Strong Wind
- Winter Weather
- Cold Wave
- Hail
- Heat Wave
- Ice Storm
- Lightning
- Tornado
- Inland Flooding
How This Home’s Risks Compare
FEMA Declared Disasters Across Kansas Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,264 | $15,168 |
| Home Insurance * | $189 | $2,268 |
| Property Taxes | $247 | $2,964 |
| Electricity | $169 | $2,029 |
| Total | $1,869 | $22,428 |
Income You'd Need if You Spent...
Kansas FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-16 | Listed for sale | $249,980 |
View on Zillow