
514 W Walnut St Independence, MO 64050
Heart of Independence NeighborhoodEstimated payment $1,304/month
Highlights
- No HOA
- Window Unit Cooling System
- 1-Story Property
- Porch
- Paved or Partially Paved Lot
About This Home
Triplex located near Independence Square! All three units occupied. Two 1 bedroom units and one studio unit. Gross rental income is $2,010/mo making this a 1% rule deal! Cash cow! History of strong occupancy and low maintenance. Separately metered electric. Newer HVAC and water heaters! Roof is in great condition. Off-street parking. Basement for additional storage! Add this one to your rental portfolio today for instant cash flow!
Listing Agent
Royal Oaks Realty Brokerage Phone: 314-650-2106 License #2020024325 Listed on: 07/29/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,846
Year Built
- Built in 1948
Lot Details
- 3,281 Sq Ft Lot
- Paved or Partially Paved Lot
Home Design
- Triplex
- Brick Exterior Construction
- Composition Roof
Interior Spaces
- 3 Bathrooms
- 1,382 Sq Ft Home
- 1-Story Property
- Basement
- Laundry in Basement
Kitchen
- Built-In Electric Oven
- Dishwasher
- Disposal
Parking
- Paved Parking
- Off-Street Parking
Outdoor Features
- Porch
Utilities
- Window Unit Cooling System
- Heating System Uses Natural Gas
- Separate Meters
Listing and Financial Details
- Assessor Parcel Number 26-230-20-20-00-0-00-000
- $0 special tax assessment
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- Gross Income $24,000
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 | $1,846 | $26,646 | $1,528 | $25,118 |
2023 | $1,804 | $26,646 | $1,340 | $25,306 |
2022 | $1,109 | $15,010 | $817 | $14,193 |
2021 | $1,108 | $15,010 | $817 | $14,193 |
2020 | $995 | $13,088 | $817 | $12,271 |
2019 | $979 | $13,088 | $817 | $12,271 |
2018 | $989 | $12,627 | $1,231 | $11,396 |
2017 | $989 | $12,627 | $1,231 | $11,396 |
2016 | $974 | $12,310 | $1,330 | $10,980 |
2014 | $953 | $12,310 | $1,330 | $10,980 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
07/29/2025 07/29/25 | For Sale | $21,000 | -87.3% | $15 / Sq Ft |
08/16/2022 08/16/22 | Sold | -- | -- | -- |
07/30/2022 07/30/22 | Pending | -- | -- | -- |
07/23/2022 07/23/22 | For Sale | $165,000 | 0.0% | $119 / Sq Ft |
07/06/2022 07/06/22 | Pending | -- | -- | -- |
06/30/2022 06/30/22 | For Sale | $165,000 | 0.0% | $119 / Sq Ft |
05/02/2022 05/02/22 | Pending | -- | -- | -- |
04/28/2022 04/28/22 | For Sale | $165,000 | -- | $119 / Sq Ft |
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Warranty Deed | -- | Stewart Title | |
Warranty Deed | -- | Stewart Title Co | |
Warranty Deed | -- | First American Title Ins Co | |
Interfamily Deed Transfer | -- | Ati Title Company |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Open | $157,500 | Construction | |
Closed | $160,000 | New Conventional | |
Previous Owner | $76,500 | New Conventional | |
Previous Owner | $84,850 | New Conventional | |
Previous Owner | $89,000 | Unknown | |
Previous Owner | $81,000 | Fannie Mae Freddie Mac | |
Previous Owner | $69,000 | Purchase Money Mortgage |
Similar Home in Independence, MO
Source: Heartland MLS
MLS Number: 2566139

APN: 26-230-20-20-00-0-00-000
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