514 W Walnut Street Independence, MO ^$ 199,900

514 W Walnut Street

^$ 199,900

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Recently Listed

514 W Walnut Street

Independence, MO, 64050

^$ 199,900

Studio Baths0.0

Monthly Estimate*

^$ 1,231

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Studio

Multi-Family Home for sale in Independence, MO

for $199,900. This home was built in 1948 on a lot size of 0.075321.

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!

Multi-Family Active

Price

^$ 199,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.075321

Year Built

1948

Town/City

Independence

County/Region

Jackson

MLS | Web ID

2612518

Features

General

Sewer Public Sewer

Heating Natural Gas

Cooling Window Unit(s)

Utilities Ind Heat And Air Ind Water Heaters Separate Meters

Roof Composition

Appliances Dishwasher Disposal Refrigerator Electric Range

Zoning R

HOA Fee 0

Patio/Porch Features Porch

Construction Materials Brick

Year Built 1948

Property Subtype Triplex

Assoc Fee Paid Per Annually

County Jackson

Property Type Residential Income

HOA N

Subdivision Name Other

Garage Y/N N

Status Active

Directions Go North on S Pleasant St then Turn West on Walnut Street

City Independence

Association Name n/a

High School District Independence

Number Of Units Total 3

MLS Area 206 - Independence Area

Lot Size Units Square Feet

Lot Size Square Feet 3281

Listing Terms Cash Conventional 1031 Exchange

Public Remarks 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 o

Standard Status Active

In Flood Plain No

HMS_MaintenanceProvidedYN N

Exterior

Parking Features Off Street Paved

Water Source Public

Lot Size Area 3281

Road Surface Type Paved

Road Responsibility Public Maintenance

Interior

Total Stories 1

Basement (Y/N) Y

Air Conditioning Y/N Y

Laundry Features In Basement

Unit Type 1 Bedroom Efficiency

* Excluded Features

List By

Royal Oaks Realty

Broker

Affordability Calculator

$1,231

Per Month

Monthly Principal & Interest: $1,231
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Independence, MO

Average List Price ^$462,525

Percent of Sale Price 131%

About Independence, MO

120,390 Population

6% Since 2002

^$44,851 Median Income

39.87 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

651623 Elementary School

652163 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/6/2026	$199,900		Listed Price

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514 W Walnut Street, Independence, MO, 64050 is a Multi-Family Home for sale at $199,900 with a lot size of 0.075321. 514 W Walnut Street is a studio with 0.0 baths and was built in 1948. The property's zip code is 64050 which is in Independence, MO

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

"The information displayed on this page is confidential, proprietary, and copyrighted information of Heartland Multiple Listing Service, Inc. ("Heartland MLS"). Copyright 2026, Heartland Multiple Listing Service, Inc. Heartland MLS and Weichert REALTORS, do not make any warranty or representation concerning the timeliness or accuracy of the information displayed herein. In consideration for the receipt of the information on this page, the recipient agrees to use the information solely for the private non-commercial purpose of identifying a property in which the recipient has a good faith interest in acquiring."

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 4/15/2026.

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514 W Walnut Street

Multi-Family Home for sale in Independence, MO

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