308 E Walnut St Belton, MO 64012
Estimated payment $7,919/month
Highlights
- 39,204 Sq Ft lot
- No HOA
- Paved or Partially Paved Lot
About This Home
Exceptional investment opportunity in the Gateway Corridor of Belton’s Old Town Redevelopment Incentive District. This updated mixed-use property, located on a half city block, offers a diverse income stream and impressive cash flow. This property not only benefits from reliable income and low maintenance thanks to recent renovations, but it also located within a redevelopment district which may offer tax incentives or development benefits to future owners. Interior photos are listing photos used prior to current residents taking possession.
The residential portion of the property features a total of 15 rental units, including an eight-unit apartment building comprised of five one-bedroom, one-bath units and three two-bedroom, one-bath units. Additionally, the property includes two one-bedroom, one-bath duplexes, a two-bedroom, one-bath duplex, and a standalone two-bedroom, one-bath single-family home—offering a versatile mix of layouts to attract a wide range of tenants. Complementing the residential units is a well-established commercial auto repair shop with a large, fenced parking lot, creating an ideal space for a small business or continued commercial use.
Since 2022, nearly every structure on the property has been extensively renovated. Improvements include new siding, roofs, gutters, HVAC systems, water heaters, exterior doors, and a new asphalt parking lot. All but one of the rental units have been updated with new kitchen cabinets, countertops, and appliances, along with modernized bathrooms featuring tile showers, new vanities, updated lighting and plumbing fixtures, fresh flooring, and paint throughout. This is a rare chance to acquire a stabilized asset with strong financials within a rapidly changing commercial corridor.
Listing Agent
Platinum Realty LLC Brokerage Phone: 816-716-8364 License #2014025113 Listed on: 05/10/2025
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $7,972
Lot Details
- 0.9 Acre Lot
- Paved or Partially Paved Lot
Home Design
- Frame Construction
- Composition Roof
Interior Spaces
- 2-Story Property
- Fire and Smoke Detector
Kitchen
- Built-In Electric Oven
- Disposal
Parking
- 32 Parking Spaces
- Paved Parking
- On-Street Parking
- Off-Street Parking
Utilities
- No Cooling
- Wall Furnace
Listing and Financial Details
- Assessor Parcel Number 1502401
- $0 special tax assessment
Community Details
Overview
- No Home Owners Association
- 16 Units
- Orig Belton Subdivision
Building Details
- Gross Income $155,000
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $4,037 | $48,960 | $4,150 | $44,810 |
| 2023 | $4,027 | $48,960 | $4,150 | $44,810 |
| 2022 | $3,695 | $44,530 | $4,150 | $40,380 |
| 2021 | $3,695 | $44,530 | $4,150 | $40,380 |
| 2020 | $3,410 | $40,860 | $4,150 | $36,710 |
| 2019 | $3,340 | $40,860 | $4,150 | $36,710 |
| 2018 | $3,029 | $37,370 | $4,150 | $33,220 |
| 2017 | $2,837 | $37,370 | $4,150 | $33,220 |
| 2016 | $2,837 | $34,810 | $4,150 | $30,660 |
| 2015 | $2,837 | $34,810 | $4,150 | $30,660 |
| 2014 | $2,846 | $34,810 | $4,150 | $30,660 |
| 2013 | -- | $34,810 | $4,150 | $30,660 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/01/2025 08/01/25 | Price Changed | $1,325,000 | -7.0% | -- |
| 06/19/2025 06/19/25 | Price Changed | $1,425,000 | -4.7% | -- |
| 05/10/2025 05/10/25 | For Sale | $1,495,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | -- | Secured Title |
Source: Heartland MLS
MLS Number: 2548046
APN: 1502401
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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Listing Information presented by local MLS brokerage: TEN-X, INC., local REALTOR®- Arlene Richardson - (888)952-6393
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