1003-1005 W College Street Independence, MO ^$ 199,900

1003-1005 W College Street

^$ 199,900

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Recently Listed

1003-1005 W College Street

Independence, MO, 64050

^$ 199,900

Bedrooms2 Baths2.0

Monthly Estimate*

^$ 1,231

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Multi-Family Home for sale in Independence, MO

for $199,900 with 2 bedrooms and 2 full baths. This home was built in 1950 on a lot size of 0.157691.

1003–1005 College duplex meets the 1% rule with strong cash flow potential. Each unit has a private basement with separate entry. Each unit has 2 bedrooms and 1 bathroom. Unit 1005 basement is demoed and ready for 2 beds + bath—potential to convert to 4/2 for increased income. Located 2 blocks from the school with strong rental demand. Great value-add opportunity as seller pursues another venture. Schedule your showing today!

Multi-Family Active

Price

^$ 199,900

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 2,413

Style

Lot Size

0.157691

Year Built

1950

Town/City

Independence

County/Region

Jackson

MLS | Web ID

2615350

Features

Interior

Interior Amenities Storage

Basement (Y/N) Y

Air Conditioning Y/N Y

Unit Type 2 Bedroom

General

Sewer Public Sewer

Heating Natural Gas

Cooling Electric

Utilities Ind Heat And Air Ind Water Heaters

Possession Funding

Roof Composition

Appliances Refrigerator Electric Range

Patio/Porch Features Porch

Security Features Smoke Detector(s)

Construction Materials Frame Metal Siding Vinyl Siding

Year Built 1950

Property Subtype Duplex

County Jackson

Property Type Residential Income

HOA N

Subdivision Name Waldo Place

Garage Y/N N

Status Active

Directions From US-24 (Truman Rd): Head North on River Blvd. Turn West (left) onto W College St. Property is on the left. Sign on property.

City Independence

High School District Independence

Number Of Units Total 2

MLS Area 206 - Independence Area

Lot Size Units Square Feet

Lot Size Square Feet 6869

Listing Terms Cash Contract Conventional FHA VA Loan

Public Remarks 1003–1005 College duplex meets the 1% rule with strong cash flow potential. Each unit has a private basement with separate entry. Each unit has 2 bedrooms and 1 bathroom. Unit 1005 basement is demoe

Standard Status Active

In Flood Plain No

Exterior

Exterior Amenities Private Entrance

Parking Features Off Street

Water Source Public

Lot Size Area 6869

Road Responsibility Public Maintenance

* Excluded Features

List By

Keller Williams Kc North

Broker

Affordability Calculator

$1,432

Per Month

Monthly Principal & Interest: $1,231
Monthly Property Taxes: $201
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

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 ^$418,345

Percent of Sale Price 109%

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
4/21/2026	$199,900		Listed Price

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1003-1005 W College Street, Independence, MO, 64050 is a Multi-Family Home for sale at $199,900 with a lot size of 0.157691. 1003-1005 W College Street has 2 bedrooms, 2.0 baths, and was built in 1950. 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 4/22/2026.

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1003-1005 W College Street

Multi-Family Home for sale in Independence, MO

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