NOT LISTED FOR SALE

Estimated Value: $393,000 - $596,000

8 Beds
4 Baths
3,700 Sq Ft
$125/Sq Ft Est. Value

Sale Details

Date Sold: January 9, 2026

Current estimated payment $2,920 / mo

4 Days on Market

Highlights

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

About This Home

As of January 2026

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.

Last Agent to Sell the Property

Will Wiest

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

Midwest Land Group

Last Buyer's 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

  • 25,000 Sq Ft 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

0.57 Acres

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: Sold
  • Age Description: 41-50 Years
  • Tax Special Amount: 0
  • Special Documents Required YN: 0
  • Major Repair Costs: 12000.00
  • Major Repair Description: New Roof and $10k into Escrow for New Decks
  • 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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 24, 2025
Closed on
Dec 31, 2025
Sold by
Pine Investments Llc
Bought by
Gordon Alan and Shatzkin Elizabeth
Seller's Agent
Will Wiest
Midwest Land Group
Buyer's Agent
Will Wiest
Midwest Land Group
List Price
$389,000
Views
10
Current Estimated Value
$460,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
63.09%
Original Mortgage
$294,000
Outstanding Balance
$294,000
Interest Rate
6.23%
Mortgage Type
New Conventional
Estimated Equity
$166,667

Purchase Details

Closed on
Feb 21, 2014
Sold by
Fannie Mae
Bought by
Wiest William and Wiest Megan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,250
Interest Rate
4.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 30, 2013
Sold by
Wilson Charles A
Bought by
Federal National Mortgage Association
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Gordon Alan -- Coffelt Land Title
Wiest William -- None Available
Federal National Mortgage Association $138,441 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Gordon Alan $294,000
Previous Owner Wiest William $116,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/09/2026 01/09/26 Sold -- -- --
11/28/2025 11/28/25 Pending -- -- --
11/24/2025 11/24/25 For Sale $389,000 -- $105 / Sq Ft
Source: Heartland MLS

Agents Affiliated with this Home

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Map

Source: Heartland MLS

MLS Number: 2589080

Heartland MLS

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

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