$389,000

Estimated payment $2,470/month

-- Bed
-- Bath
3,700 Sq Ft
$105 Price per Sq Ft

Highlights

  • 25,000 Sq Ft lot
  • 8 Car Attached Garage
  • Utility Room
  • No HOA
  • Cooling Available

About This Home

Offering a turn-key multi-family fourplex in Independence Missouri, that is well maintained and updated with long-term leases and reliable tenants providing a gross monthly rent of $3,669 and annually $44,028, with room to increase rent to market rate on multiple units. Each unit offers 2 beds and 1 bath, full kitchens, walk out decks, one unit with a full finished basement, 2 garages, and large lots backing up to trees. There is a storage room approximately 1000 sqft not leased with its own exterior access that serves as an excellent location for landlord storage but could also be renovated into its own unit. These properties have been managed the last 13 years by a local property management company who has done an excellent at renovating and raising rents to market value each time there is a move out, however, multiple tenants have been in place for several years. Extremely high occupancy rate and easy to rent located in great neighborhood with nearly all single family homes and near excellent elementary schools. The current lease details the tenant responsible for utilities and trash service. The landlord/property manager is responsible for mowing and snow removal. The fourplex has all new gutters and facia and not shown in photos. There are no outstanding maintenance items, and all rents are paid and current. Rent Rolls and YTD income and expenses are available as well as last years full 12-month history.

Listing Agent

Will Wiest

Midwest Land Group Brokerage Phone: 816-703-9066 License #2014042751 Listed on: 11/24/2025

Midwest Land Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,990

Year Built

  • Built in 1979

Lot Details

  • 0.57 Acre Lot

Parking

  • 8 Car Attached Garage

Home Design

  • Quadruplex
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 3,700 Sq Ft Home
  • 2-Story Property
  • Utility Room
  • Basement

Schools

  • Glendale Elementary School
  • Truman High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 25-920-22-15-00-0-00-000
  • $0 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Gross Income $44,028

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,990

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Year Built: 1979
  • Internet Address Display: Yes
  • Internet Consumer Comment: No
  • List Agent Full Name: Will Wiest
  • Listing Service: Full Service
  • List Office Mls Id: HMSMIGP
  • List Office Name: Midwest Land Group
  • List Office Phone: 913-674-8010
  • Mls Status: Active
  • Age Description: 41-50 Years
  • Tax Special Amount: 0
  • Special Documents Required YN: 0
  • Phone Other: 8167039066
  • Package: No
  • Attribution Contact: 816-703-9066
  • Special Features: None

Interior Features

  • Basement: Yes
  • Laundry Features: Utility Room
  • Stories: 2

Exterior Features

  • Roof: Composition
  • Construction Materials: Brick/Mortar, Vinyl Siding
  • Inside City Limits: Yes

Garage/Parking

  • Garage: Yes
  • Parking Features: Attached, Garage
  • Total Parking Spaces: 8

Utilities

  • Cooling: Heat Pump
  • Heating: Heat Pump
  • Sewer: Public Sewer
  • Utilities: Separate Meters
  • Cooling: Yes
  • Water Source: Public

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 LS

Schools

  • Junior High Dist: Independence

Lot Info

  • Zoning: MULTI
  • Building Area Total: 3700
  • Lot Size Sq Ft: 25000
  • Parcel Number: 25-920-22-15-00-0-00-000
  • Subdivision Name: Other
  • In Flood Plain: No

Building Info

  • Number of Units Total: 4

Rental Info

  • Existing Lease Terms: One Year Lease

Multi Family

  • Gross Income: 44028
  • Current Occupancy Rate: Over 95%
  • Unit Count: 0

Tax Info

  • Tax Annual Amount: 4990
  • Tax Abatement YN: 0

MLS Schools

  • Elementary School: Glendale
  • High School: Truman

Map

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,991 $68,347 $5,782 $62,565
2024 $4,877 $72,031 $5,945 $66,086
2023 $4,877 $72,031 $4,172 $67,859
2022 $3,817 $51,680 $3,363 $48,317
2021 $3,816 $51,680 $3,363 $48,317
2020 $3,446 $45,342 $3,363 $41,979
2019 $3,390 $45,342 $3,363 $41,979
2018 $773,698 $34,105 $3,325 $30,780
2017 $2,671 $34,105 $3,325 $30,780
2016 $2,630 $33,250 $4,180 $29,070
2014 $2,573 $33,250 $4,180 $29,070
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/24/2025 11/24/25 For Sale $389,000 -- $105 / Sq Ft
Source: Heartland MLS

Purchase History

Date Type Sale Price Title Company
Special Warranty Deed -- None Available
Trustee Deed $138,441 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $116,250 New Conventional
Source: Public Records

Source: Heartland MLS

MLS Number: 2589080

Heartland MLS

APN: 25-920-22-15-00-0-00-000