Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Charming Duplex in Aurora, MO Title is generated by Realmo AI

    405 W Summit Street, Aurora, MO 65605

    View on Map
    Claim this Listing
    Picture of Duplexes at 405 W Summit Street, Aurora, MO
    Pending
    $214,000

    MULTI_FAMILY - Aurora, MO

    Lot size:
    0.24 Acres
    Added:
    Jan 15, 2026
    Days on Market:
    121
    Last Refresh:
    May 16 at 2:06 am

    Property Features for 405 W Summit Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    Buyer to verify
    Standard status
    Pending
    APN
    191001004001002009
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    LT 3, SEITZ ESTATES S/D - AURORA
    Tax Annual Amount
    1657

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Cooling system
    Central Air

    Building Details

    Year built
    2008
    Number of units
    2

    We can help!

    Listing Contact
    Jason Harvey
    Jason Harvey

    Listing agent Jason Harvey

    Listing office EXP Realty LLC 330 W Plainview Rd Suite KA, Overland Park, MO

    Listing date Jan 15, 2026

    MLS# 60313500 Listing URL

    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.

    HighLights

    • Opportunity for multi‑unit ownership
    • Two 2‑bedroom, 2‑bath units featuring an open floor plan
    • Unit A is currently occupied with rental income ($974/month)
    • In‑unit laundry hookups in both units
    • Built in 2008

    Overview

    This charming duplex in Aurora, MO, features two units, each with 2 bedrooms and 2 bathrooms. Each unit offers an open floor plan, functional kitchen, and in-unit laundry hookups. The property has thoughtful layouts throughout. Unit A is currently occupied and generates a monthly income of $974, with the tenant current on rent. Unit B is vacant. The owner reserves the right to request vacancy with 30 days' notice. The property is situated on a lot measuring 0.24 acres. The zoning is to be verified by the buyer. This property presents an excellent opportunity for multi-unit ownership.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Aurora
    County
    Lawrence
    State
    Missouri
    Longitude
    -93.725661
    Latitude
    36.987104

    Nearby Similar for Sale

    • $375,000

      Profitable Business with Real Estate

      Established coffee shop and meat market with property included.
      33 W Olive Street, Aurora, MO 65605
      View Details
    • $215,000
      4,000 SF

      Downtown Aurora Mixed-Use Building

      Renovated mixed-use building in downtown Aurora with business and residential.
      112 S Madison Avenue, Aurora, MO 65605
      View Details
    • $240,000

      Well-Maintained Duplex in Aurora

      Aurora duplex: investment or multi-generational living opportunity.
      1006 Baretta Court, Aurora, MO 65605
      View Details
    • $320,000

      34.15 Acres in Aurora, MO

      Land with pastures, timber, ponds, and a pole barn.
      Farm Road 2050, Aurora, MO 65605
      View Details
    • $265,000

      Well-Maintained Duplex in Aurora

      Aurora duplex: two units, garages, fenced yard, recent updates.
      1006 Baretta Court, Aurora, MO 65605
      View Details
    • $3,564,000

      Productive Cattle Farm Near Aurora

      628-acre working cattle farm with abundant water sources.
      Farm Road 2007, Aurora, MO 65605
      View Details
    • $3,564,000

      Expansive Cattle Farm Near Aurora

      628-acre working cattle farm with abundant water sources.
      Farm Road 2007, Aurora, MO 65605
      View Details
    • $904,710

      113 Acre Farm Land, Aurora

      113 acres with pasture, ponds, and utilities near Aurora, MO.
      State Highway 39, Aurora, MO 65605
      View Details
    • $214,000

      Charming Duplex in Aurora, MO

      Duplex with two units, open floor plans, and laundry hookups.
      407 W Summit Street, Aurora, MO 65605
      View Details
    • $715,000

      Productive Farm Near Aurora, MO

      110+/- acre farm with agricultural and livestock capabilities.
      Tract 1 0000Farm Road 2007, Aurora, MO 65605
      View Details
    • $973,675

      134-Acre Ranch with Development Potential

      134-acre ranch featuring ponds, hay barn, and development potential.
      Lawrence 2230, Aurora, MO 65605
      View Details
    • $3,999,000
      150,000 SF

      Large Warehouse Complex in Aurora

      Three interconnected buildings, fully leased, with loading docks.
      702 S Carnation Drive, Aurora, MO 65605
      View Details

    FAQs

    What type of property is this?
    Duplex - Duplex with two units, open floor plans, and laundry.
    Where is this duplex located?
    The property is located at 405 W Summit Street Aurora, MO.
    What is the asking price?
    The asking price for this property is $214,000.
    What are key features of this property?
    This property features: Opportunity for multi‑unit ownership; Two 2‑bedroom, 2‑bath units featuring an open floor plan; Unit A is currently occupied with rental income ($974/month)
    (417) 689-6932
    We can help!
    Listing Contact
    Jason Harvey
    Jason Harvey
    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

    Thank You for Inquiry
    405 W Summit Street, Aurora, MO 65605
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!