Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    816 & 818 Looney Street Mount Vernon, MO 65712

    View on Map
    New
    Pending
    $175,000

    DUPLEX - Mt Vernon, MO

    Property size:
    1,620 SF
    Lot size:
    0.29 Acres
    Added:
    Mar 31, 2026
    Days on Market:
    6
    Last Refresh:
    Apr 5 at 3:06 pm

    Property Features for 816 & 818 Looney Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bedroom 1, Bathroom 1, Bedroom 3, Bathroom 2, Bedroom 4, Laundry Room, Bedroom 2
    Parking features
    Driveway
    Window features
    Double Pane Windows
    Patio and Porch features
    Patio
    Interior features
    Walk-in Shower, W/D Hookup
    Appliances
    Refrigerator, Gas Water Heater, Free-Standing Gas Oven
    Standard status
    Pending
    APN
    099031001009033000
    Size
    1,620 SF
    Lot size
    0.29 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Looney St,816-818; Lt 8 Sunset Heights - Mt Vernon
    Tax Annual Amount
    853

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    1974
    Floors in Building
    1
    Flooring type
    Laminate, Carpet, Vinyl
    Building materials
    Frame, Brick
    Roof type
    Composition
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Kay Barker
    Kay Barker

    Listing agent Kay Barker

    Listing office ReeceNichols - Mount Vernon 460 E Mount Vernon Blvd, Kimberling City, MO

    Listing date Mar 31, 2026

    MLS# 60319450

    Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mt Vernon Duplex Investment Property

    This duplex, suitable as an investment property, features two units, each containing 2 bedrooms and 1 bathroom. Each unit includes a large living room and a kitchen/dining combo, along with washer/dryer hookups and ample cabinet space. The property benefits from double-pane windows and a newer roof. Each unit has its own patio and access to a storage building in the back. Situated in Mt Vernon, Missouri, the property is located between Springfield and Joplin, just off I-44, and between Table Rock Lake and Stockton Lake. The property size is 1620 square feet and the lot size is 0.29 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mount Vernon
    County
    Lawrence
    State
    Missouri
    Longitude
    -93.809095
    Latitude
    37.09743

    Nearby Similar for Sale

    • $575,000

      Mt Vernon Commercial Property

      Commercial property on 8 acres with two large shops.
      501 State Drive, Mt Vernon, MO 65712
      View Details
    • $699,000
      5,922 SF

      Prime Commercial Property in Mt.Vernon

      Spacious 5922 sqft commercial property with high traffic location.
      560 E Mt Vernon Boulevard, Mt Vernon, MO 65712
      View Details
    • $250,000
      1,080 SF

      Mini Farm on 4.5 Acres

      Hobby farm with barn, shop, solar, and livestock setup.
      15423 Lawrence 2160, Mt Vernon, MO 65712
      View Details
    • $5,000,000
      255,261 SF

      Modern Industrial/Sports Facility For Sale

      55,443 SF Mt. Vernon facility suitable for sports/industrial uses.
      300 W Hayward Dr, Mount Vernon, MO
      View Details
    • $699,000

      Commercial Property in Mt Vernon

      Over 5900 sqft commercial property with high traffic location.
      560 E Mt Vernon Boulevard, Mt Vernon, MO 65712
      View Details
    • $215,000
      3,377 SF

      Mixed-Use Property in Mount Vernon

      Mixed-use property with retail, office, and industrial potential.
      110 E Sloan St, Mount Vernon, MO 65712
      View Details
    • Contact for pricing
      55,443 SF

      Versatile Indoor Sports Facility

      55,443 SF facility on 5.86 acres in Mt Vernon, MO.
      300 W Hayward Dr, Mount Vernon, MO 65712
      View Details

    FAQs

    What type of property is this?
    Duplex - Duplex with two units, conveniently located near I-44.
    Where is this duplex located?
    The property is located at 816 & 818 Looney Street Mount Vernon, MO.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: Investment property: Duplex with two 2‑bedroom, 1‑bath units.; Convenient access: Located between Springfield and Joplin, just off I‑44.; Washer/dryer hookups and ample cabinet space in each unit.
    (417) 461-3777
    We can help!
    Listing Contact
    Kay Barker
    Kay Barker
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!