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Side-by-Side Duplex with Full Basement

505 SE FLORENCE Street, Lees Summit, MO 64063

For Sale
New
$290,000

Residential Income, Lee's Summit, MO

Property SizeContact for details
Lot Size0.20 Acres
Days on Market4

Property Features for 505 SE FLORENCE Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Zoning DUPLEX
Bathrooms 2
Full bathrooms 2
Rooms Bathroom 1, Basement, Bathroom 2
Parking features Off Street
Subdivision Higginbotham Acres
Middle school Pleasant Lea
High school Lee's Summit
Elementary school district Lee's Summit
Middle school district Lee's Summit
High school district Lee's Summit
Directions From 291S turn right on 5th St and take 5th St to Florence and turn left. Property is on the left hand side.
Standard status Active
APN 61-520-02-13-00-0-00-000
Lot size 0.20 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Description LOT 2
Tax Annual Amount 3900
Legal Description LOT 2

Utilities

Sewer type Public Sewer
Heating system Forced Air
Cooling system Electric
Water source Public

Building Details

Year built 1987
Floors in Building 1
Number of units 2
Building materials Frame
Roof type Composition
Listing Agency: Midwest Property Resources LLC
Listed By: Chris Goodale · License MO #2004023686
Added: Nov 6 Last Checked: Nov 9 at 7:06PM
MLS# 2650687

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.

Rey
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Investment Insights

Based on property information with market context.

This 1987 side-by-side duplex has a single-level layout, with two bedrooms and one full bath in each residence. A full basement provides storage and utility areas. The building has frame construction, forced-air heat, electric cooling, a composition roof, and off-street parking. Public water and sewer serve the property.

Unit A received a 2025 update that included luxury vinyl plank flooring in the main areas, fresh paint, and new bedroom carpet. The 0.2-acre property is zoned DUPLEX and is located at 505 SE Florence Street in Lee's Summit, Missouri. Both units are occupied by tenants.

Key Highlights

  • Side‑by‑side duplex with two bedrooms and one full bath in each unit
  • Full basement with storage and utility areas
  • Unit A updated in 2025 with LVP flooring, fresh paint, and new bedroom carpet

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Lease Details

2
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,502
Businesses Nearby

Demographics for 64063, MO

20,965
Population
9,104
Households
2.3
Avg Household Size
36
Median Age
34%
College-Educated
95%
High-School Grad
6.1 sq mi
ZIP Area
3,437
Density / Sq Mi
$77,966
Median Household Income
$47,877
Median Earnings
$1,151
Median Rent
$242,800
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Duplexes in Lees Summit, MO

$205 Jul
$204 Aug
$217 Sep
$212 Oct

Properties on Market for Duplexes in Lees Summit

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Duplex - Both residences are tenant-occupied, with two bedrooms and one full bath in each unit.
Where is this duplex located?
The property is located at 505 SE FLORENCE Street Lees Summit, MO.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Side‑by‑side duplex with two bedrooms and one full bath in each unit; Full basement with storage and utility areas; Unit A updated in 2025 with LVP flooring, fresh paint, and new bedroom carpet
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