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Multi-Family Home Package for Investors
For Sale
$375,000

501 E Highland Street, Aurora, MO 65605

MULTI_FAMILY - Aurora, MO

Property SizeContact for details
Lot Size0.31 Acres
Days on Market47

Property Features for 501 E Highland Street

General Information

Property type Residential Multi Family
Property subtype Other
Zoning SF
Bedrooms 5
Rooms Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 1, Bedroom 2
View City
Elementary school Aurora
Middle school Aurora
High school Aurora
Directions From Business 60 (Church Street), turn SOUTH on RINKER; go to Northwest corner of Rinker and Highland; home on north end of the street.
Standard status Active
APN 203007003014010000
Lot size 0.31 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description HIGHLAND ST,501; LTS 21 & 22 BLK 4 OF EAST SIDE ADDN - AURORA
Tax Annual Amount 545
Legal Description HIGHLAND ST,501; LTS 21 & 22 BLK 4 OF EAST SIDE ADDN - AURORA

Utilities

Sewer type Public Sewer
Heating system Central, Forced Air, Wall Furnace
Cooling system Central Air, Wall Unit(s)

Building Details

Year built 1950
Number of units 3
Building materials Vinyl Siding
Roof type Composition
Listing Agency: Keller Williams · Keller Williams Realty
Listed By: Wes Litton
Added: Jul 2 Changed: Aug 2 Last Checked: Aug 17 at 5:06PM
MLS# 60327941

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.

Investment Insights

Based on property information with market context.

This offering is a package that includes three residential income properties sold together as a single purchase. The listing is designated under SF zoning, and the lot size is reported as 0.31 acres. Each home is part of the bundled portfolio, allowing an investor to assemble multiple income-producing assets without separate transactions.

The properties are located at 501 E Highland Street in Aurora, Missouri 65605, within Lawrence County. The opportunity is presented as a coordinated acquisition of three separate homes in the same purchase.

For buyers, this format is geared toward investors who want exposure to multiple rental units through one closing, with the option to keep the homes operating as long-term rentals. It may also fit buyers looking to standardize management across a small cluster of properties rather than pursuing separate purchases property-by-property. As with any multi-asset purchase, underwriting should account for each home’s individual condition and income characteristics, since the listing presents the portfolio as three distinct properties under one package.

Key Highlights

  • Package includes three homes in Aurora for one purchase
  • Each home has central heating with forced air plus a wall furnace
  • Cooling includes central air and wall unit(s)

Property Analytics

Current Use

Single family properties

Suggested Use

Top Pick Real Estate Agency Dental Office HVAC Service (Bike/Boat/Book/etc) Store Barber Shop Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

440
Businesses Nearby

Demographics for 65605, MO

11,795
Population
5,299
Households
2.2
Avg Household Size
42
Median Age
13%
College-Educated
83%
High-School Grad
162.6 sq mi
ZIP Area
73
Density / Sq Mi
$52,815
Median Household Income
$35,625
Median Earnings
$754
Median Rent
$135,800
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Single family property - Package includes three residential income homes for one purchase in Aurora, Missouri, suited for long-term rental operations.
Where is this single family property located?
The property is located at 501 E Highland Street Aurora, MO.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Package includes three homes in Aurora for one purchase; Each home has central heating with forced air plus a wall furnace; Cooling includes central air and wall unit(s)
More about this property
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