$479,000

Estimated payment $2,589/month

-- Bed
5 Baths
3,285 Sq Ft
$146 Price per Sq Ft

About This Home

White Oak Apartments is a well-maintained 5-unit multifamily property located just minutes from the heart of downtown Independence and across the street from Graceland University, making it an ideal asset for student and young professional housing. Built in 1925, the property offers a classic exterior with solid bones and features four 1-bedroom/1-bath units and one 2-bedroom/1-bath unit, all with cozy layouts, washer/dryer hookups. The building has been cared for over the years while still presenting an excellent value-add opportunity through further cosmetic upgrades to drive rental growth. All units have been updated to varying degrees over the past couple years. Landlord pays water and gas, they are on a master meter. Electric is seperately metered and tenants pay their own electric with the exception of 2 voucher tenants. The location is a major highlight, with close proximity to downtown shopping, coffee shops, grocery stores, parks, and a wide variety of restaurants, along with access to public transportation and commuter routes. Residents benefit from walkable amenities, nearby green space, and the historic Independence Square, creating strong and consistent rental demand. This is a compelling opportunity to acquire a character-rich apartment building in a high-demand rental pocket with upside potential.

Listing Agent

Michelle Lutz

Lutz Sales + Investments Brokerage Phone: 913-426-5576 License #SP00239672 Listed on: 02/08/2026

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,149

Year Built

  • Built in 1925

Home Design

  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 5 Bathrooms
  • 3,285 Sq Ft Home
  • 2-Story Property
  • Basement

Parking

  • On-Street Parking
  • Off-Street Parking

Utilities

  • Window Unit Cooling System
  • Wall Furnace
  • Baseboard Heating
  • Separate Meters
  • Master Gas Meter
  • Master Water Meter

Listing and Financial Details

  • Assessor Parcel Number 26-310-25-34-00-0-00-000
  • $0 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 5 Units
  • Forbis Park Subdivision

Building Details

  • Gross Income $61,200

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,149

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Year Built: 1925
  • Internet Address Display: Yes
  • Internet Consumer Comment: No
  • List Agent Full Name: Michelle Lutz
  • List Office Mls Id: HMSLUTZS
  • List Office Name: Lutz Sales + Investments
  • List Office Phone: 913-426-5576
  • Mls Status: Active
  • Operating Expense: 1149
  • Age Description: 101 Years/More
  • Tax Special Amount: 0
  • Special Documents Required YN: 0
  • Package: No
  • Attribution Contact: 913-426-5576
  • Special Features: VirtualTour

Interior Features

  • Basement: Yes
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: Brick, Concrete

Garage/Parking

  • Garage: No
  • Parking Features: Off Street, On Street

Utilities

  • Cooling: Window Unit(s)
  • Heating: Baseboard, Wall Furnace
  • Sewer: Public Sewer
  • Utilities: Master Meters, Separate Meters
  • Cooling: No
  • Water Source: City/Public - Verify

Condo/Co-op/Association

  • Association Fee Frequency: None
  • Senior Community: No
  • Type Of Management: Off-Site Mgmt

Association/Amenities

  • Association: No

Fee Information

  • Deposit: Coffelt Land Title

Schools

  • Junior High Dist: Independence

Lot Info

  • Zoning: Res
  • Building Area Total: 3285
  • Lot Size Sq Ft: 1798
  • Parcel Number: 26-310-25-34-00-0-00-000
  • Subdivision Name: Forbis Park
  • In Flood Plain: No

Building Info

  • Number of Units Total: 5

Rental Info

  • Existing Lease Terms: Month To Month,One Year Lease

Multi Family

  • Gross Income: 61200
  • Current Occupancy Rate: Over 95%
  • Unit Count: 2

Tax Info

  • Tax Annual Amount: 1149
  • Tax Abatement YN: 0

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/08/2026 02/08/26 For Sale $479,000 -- $146 / Sq Ft
Source: Heartland MLS

Source: Heartland MLS

MLS Number: 2599036

Heartland MLS