NOT LISTED FOR SALE

204 E Franklin St Liberty, MO 64068

Estimated Value: $285,000 - $1,327,573

-- Bed
20 Baths
-- Sq Ft
7,841 Sq Ft Lot

Last Sold August 29, 2025

Current estimated payment $5,793/month

63 Days on Market

About This Home

As of August 2025

The subject property is a 3-story walk-up apartment complex constructed in 1924 with a brick veneer exterior and 5 off-street parking spaces located at the rear of the building – new asphalt overlay 2024. The complex is comprised of 20 studio units. The studios consist of four floorplans with approximate sizes of 600sf, 550sf, 400sf and 350sf. Each apartment unit is accessed via common entrances on the front or rear of the building. The front (south) entrance provides access to the front 6 units, while the rear (north) entrance provides access to the remaining 14 units. The front and back stairwells are fully enclosed and provide access to the 2nd and 3rd floors. All utilities are included with rent, therefore the landlord is responsible for gas, electric, water, sewer and trash while tenants pay a monthly flat $50 RUBS fee. The building has a gas-fired boiler heating system, a common water meter, and the units are not separately metered for gas or electric.

All studio units at Franklin feature a variation of dark hardwood, carpet or vinyl flooring with window air conditioning units, radiator/boiler heat, ceiling fans, wood cabinets, stainless steel sinks, electric ranges, refrigerators, and shower/tubs. Many units are partitioned into a living room/bedroom, kitchen and bathroom. The floor plan of the above-grade units is identical or mirror image, while basement units are slightly different floor plans with similar layouts. 90% of units have experienced full unit turns with improved make-readies presenting a more uniform product. The full basement at Franklin includes a studio unit, laundry room, mechanical closet, and several storage rooms, and is accessed via the interior staircase. The basement laundry room contains two coin-operated laundry machines (Jetz lease). The Franklin apartments features both a newer roof (2022) and newer windows (2021) and is scheduled to complete new concrete stairs leading to the common area balcony/porch.

Last Agent to Sell the Property

Brice Bradshaw

Compass Realty Group Brokerage Phone: 913-219-7074 License #SP00219113 Listed on: 05/13/2025

Compass Realty Group

Co-Listed By

Parker Beck

Compass Realty Group Brokerage Phone: 913-219-7074 License #SP00238832

Last Buyer's Agent

Scott Sharpe

Platinum Realty LLC License #SP00225214

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $13,465

Year Built

  • Built in 1924

Lot Details

  • 7,841 Sq Ft Lot

Parking

  • Off-Street Parking

Home Design

  • Stone Frame
  • Synthetic Roof

Interior Spaces

  • 20 Bathrooms
  • 3-Story Property
  • Basement

Utilities

  • Window Unit Cooling System
  • Master Gas Meter
  • Master Water Meter

Listing and Financial Details

  • Assessor Parcel Number 15-114-00-02-023.00
  • $0 special tax assessment

Community Details

Overview

  • No Home Owners Association
  • 20 Units

Building Details

  • Gross Income $183,150

Property Details

Home Type

Apartment

Est. Annual Taxes

$13,465

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Apartment
  • Year Built: 1924
  • Co List Office Mls Id: HMSCMLC
  • Co List Office Name: Compass Realty Group
  • Co List Office Phone: 816-280-2773
  • Internet Address Display: Yes
  • Internet Consumer Comment: No
  • List Agent Full Name: Brice Bradshaw
  • List Office Mls Id: HMSCMLC
  • List Office Name: Compass Realty Group
  • List Office Phone: 816-280-2773
  • Mls Status: Sold
  • Operating Expense: 99044
  • Age Description: 101 Years/More
  • Tax Special Amount: 0
  • Special Documents Required YN: 0
  • Major Repair Costs: 0.00
  • Package: No
  • Attribution Contact: 913-219-7074
  • Special Features: None

Interior Features

  • Basement: Yes
  • Stories: 3

Exterior Features

  • Roof: Synthetic
  • Construction Materials: Brick Trim, Stone & Frame

Garage/Parking

  • Garage: No
  • Parking Features: Off Street

Utilities

  • Cooling: Other, Window Unit(s)
  • Heating: Other
  • Sewer: Public Sewer
  • Utilities: Cent Water Heater, Master Meters
  • Cooling: No
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: None
  • Type Of Management: Off-Site Mgmt

Association/Amenities

  • Association: No

Fee Information

  • Deposit: national secured

Schools

  • Junior High Dist: Liberty

Lot Info

  • Zoning: RNC
  • Lot Size Sq Ft: 7841
  • Parcel Number: 15-114-00-02-023.00
  • Subdivision Name: Other
  • In Flood Plain: No

Building Info

  • Number of Units Total: 20

Rental Info

  • Existing Lease Terms: One Year Lease

Multi Family

  • Gross Income: 183150
  • Current Occupancy Rate: Over 95%
  • Unit Count: 4

Tax Info

  • Tax Annual Amount: 13465
  • Tax Abatement YN: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2025
Closed on
Aug 29, 2025
Sold by
Liberty Square Apartments Llc
Bought by
G1 Real Estate 006 Llc
Seller's Agent
Brice Bradshaw
Compass Realty Group
Buyer's Agent
Scott Sharpe
Platinum Realty LLC
List Price
$1,500,000
Views
50
Current Estimated Value
$891,524

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-62.99%

Purchase Details

Closed on
Aug 7, 2019
Sold by
Franklin Street Llc
Bought by
Liberty Square Apartments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$592,500
Interest Rate
3.73%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 31, 2017
Sold by
Western Reach Real Estate Fund Llc
Bought by
Franklin Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$424,500
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 20, 2015
Closed on
Aug 21, 2015
Sold by
Boyd Hoffman Patricia E
Bought by
Western Reach Real Estate Fund Llc
Seller's Agent
Brice Bradshaw
Compass Realty Group
Buyer's Agent
Brice Bradshaw
Compass Realty Group
List Price
$590,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.78%
Original Mortgage
$412,500
Interest Rate
4.12%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 18, 2012
Sold by
Plp Investments Llc
Bought by
Boyd Hoffman Patricia E

Purchase Details

Closed on
Aug 3, 2007
Sold by
Hoffman Patricia E
Bought by
Plp Investments Llc

Purchase Details

Closed on
Jul 12, 2007
Sold by
Hoffman Patricia E and Hoffman Francis Brandt
Bought by
Hoffman Patricia E

Purchase Details

Closed on
Nov 6, 2006
Sold by
White Paul J and White Eileen R
Bought by
Hoffman Patricia E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$421,000
Interest Rate
6.28%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
G1 Real Estate 006 Llc -- National Secured Title
Liberty Square Apartments Llc -- None Available
Franklin Street Llc -- None Available
Western Reach Real Estate Fund Llc -- Thomson Affinity Title Llc
Boyd Hoffman Patricia E -- Secured Title Of Kc
Plp Investments Llc -- None Available
Hoffman Patricia E -- Source One Title Llc
Hoffman Patricia E -- Source One Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Liberty Square Apartments Llc $592,500
Previous Owner Franklin Street Llc $424,500
Previous Owner Western Reach Real Estate Fund Llc $412,500
Previous Owner Hoffman Patricia E $421,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/29/2025 08/29/25 Sold -- -- --
07/15/2025 07/15/25 Pending -- -- --
07/07/2025 07/07/25 Price Changed $1,400,000 -6.7% --
05/13/2025 05/13/25 For Sale $1,500,000 +154.2% --
08/28/2015 08/28/15 Sold -- -- -- View Prior Sale
07/08/2015 07/08/15 Pending -- -- --
03/20/2015 03/20/15 For Sale $590,000 -- --
Source: Heartland MLS

Tax History Compared to Growth

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 $13,465 $188,010 -- --
2024 $13,465 $175,070 -- --
2023 $13,693 $175,070 $0 $0
2022 $11,605 $146,490 $0 $0
2021 $11,514 $146,489 $4,522 $141,967
2020 $6,031 $72,050 $0 $0
2019 $6,030 $72,050 $0 $0
2018 $5,103 $59,870 $0 $0
2017 $4,893 $59,860 $7,500 $52,360
2016 $4,893 $57,940 $7,500 $50,440
2015 $4,894 $57,940 $7,500 $50,440
2014 $4,933 $57,940 $7,500 $50,440
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Heartland MLS

MLS Number: 2549267

Heartland MLS

APN: 15-114-00-02-023.00