514 W Walnut St Independence, MO 64050
Heart of Independence NeighborhoodEstimated payment $1,207/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 $2,035/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: 04/06/2026
Property Details
Home Type
- Multi-Family
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
- Electric Range
- 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 $24,500
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 |
|---|---|---|---|---|
| 2025 | $1,846 | $19,849 | $3,739 | $16,110 |
| 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 | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/06/2026 04/06/26 | For Sale | $199,900 | +21.2% | $145 / Sq Ft | |
| 08/16/2022 08/16/22 | Sold | -- | -- | -- | View Prior Sale |
| 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 |
Source: Heartland MLS
MLS Number: 2612518
APN: 26-230-20-20
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.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.
Listings courtesy of Heartland MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
Listing Information presented by local MLS brokerage: TEN-X, INC., local REALTOR®- Arlene Richardson - (888) 952-6393
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Ask me questions while you tour the home.