Active

Price cut: $500 (6/15)

$196,500

514 W Walnut St, Independence, MO 64050

--beds

2baths

--sqft

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Triplex

Built in 1948

-- sqft lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Separately metered electricNewer hvacOff-street parkingOne studio unitBasement for additional storage

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!

88 days

296

17

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Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 2

Heating

Natural Gas

Cooling

Window Unit(s)

Appliances

Included: Dishwasher, Disposal, Refrigerator, Ind Water Heaters
Laundry: In Basement

Features

Has basement: Yes

Property

Parking

Parking features: Off Street, Paved

Features

Patio & porch: Porch

Lot

Size: 3,281 Square Feet

Details

Parcel number: 26230202000000000
Zoning: R

Construction

Type & style

Home type: MultiFamily
Property subtype: Triplex

Materials

Brick
Roof: Composition

Condition

Year built: 1948

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Ind Heat And Air, Separate Meters

Community & HOA

Community

Subdivision: Other

HOA

Has HOA: No
HOA name: n/a

Location

Region: Independence

Financial & listing details

Tax assessed value: $104,470
Annual tax amount: $1,419
Date on market: 4/6/2026
Listing terms: Cash,Conventional,1031 Exchange
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/15/2026	Price change	$196,500-0.3%
Source: Heartland MLS as distributed by MLS GRID #2612518 Report a problem
5/19/2026	Price change	$197,000-1.5%
Source: Heartland MLS as distributed by MLS GRID #2612518 Report a problem
4/6/2026	Listed for sale	$199,900-4.8%
Source: Heartland MLS as distributed by MLS GRID #2612518 Report a problem
1/1/2026	Listing removed	$210,000
Source: Heartland MLS as distributed by MLS GRID #2566139 Report a problem
7/29/2025	Listed for sale	$210,000
Source: Heartland MLS as distributed by MLS GRID #2566139 Report a problem
5/12/2025	Listing removed	$210,000
Source: Heartland MLS as distributed by MLS GRID #2534638 Report a problem
4/4/2025	Price change	$210,000-2.3%
Source: Heartland MLS as distributed by MLS GRID #2534638 Report a problem
3/7/2025	Listed for sale	$215,000+30.3%
Source: Heartland MLS as distributed by MLS GRID #2534638 Report a problem
3/8/2024	Listing removed	--
Source: Zillow Rentals Report a problem
3/2/2024	Price change	$695-6.7%
Source: Zillow Rentals Report a problem
2/23/2024	Listed for rent	$745+50.5%
Source: Zillow Rentals Report a problem
8/16/2022	Sold	--
Source: Heartland MLS as distributed by MLS GRID #2378447 Report a problem
7/31/2022	Pending sale	$165,000
Source: Heartland MLS as distributed by MLS GRID #2378447 Report a problem
7/23/2022	Listed for sale	$165,000
Source: Heartland MLS as distributed by MLS GRID #2378447 Report a problem
7/6/2022	Pending sale	$165,000
Source: Heartland MLS as distributed by MLS GRID #2378447 Report a problem
6/30/2022	Listed for sale	$165,000
Source: Heartland MLS as distributed by MLS GRID #2378447 Report a problem
5/3/2022	Pending sale	$165,000
Source: Heartland MLS as distributed by MLS GRID #2378447 Report a problem
4/29/2022	Listed for sale	$165,000
Source: Heartland MLS as distributed by MLS GRID #2378447 Report a problem
11/4/2019	Listing removed	$495
Source: One Stop Property Management, LLC Report a problem
10/21/2019	Price change	$495-5.7%
Source: One Stop Property Management, LLC Report a problem
10/3/2019	Price change	$525-4.5%
Source: One Stop Property Management, LLC Report a problem
8/23/2019	Listed for rent	$550+15.8%
Source: One Stop Property Management, LLC Report a problem
3/15/2019	Listing removed	$475
Source: One Stop Property Management, LLC Report a problem
2/22/2019	Price change	$475-5%
Source: One Stop Property Management, LLC Report a problem
2/14/2019	Price change	$500-4.8%
Source: One Stop Property Management, LLC Report a problem
2/5/2019	Listed for rent	$525
Source: One Stop Property Management, LLC Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,419 -23.2%	$19,849 -25.5%
2024	$1,846 +2.3%	$26,646
2023	$1,804 +62.7%	$26,646 +77.5%
2022	$1,109 +0%	$15,010
2021	$1,108 +11.4%	$15,010 +14.7%
2020	$995 +1.6%	$13,088
2019	$979	$13,088 +3.7%
2018	$979 -3.8%	$12,627
2017	$1,018 +4.7%	$12,627 +2.6%
2016	$972 +1.8%	$12,310
2014	$955 +0.6%	$12,310
2013	$949 +1.3%	$12,310
2012	$937 +44.1%	$12,310
2011	$651 +2.5%	$12,310 +41.6%
2010	$635 -7.8%	$8,696
2009	$688 +0.2%	$8,696 -11%
2008	$687 -0.4%	$9,771
2007	$690 +0.1%	$9,771
2006	$689 +7.1%	$9,771
2005	$643	$9,771 +10%
2004	$643 -2.4%	$8,883
2003	$659 +0.3%	$8,883 -4.1%
2002	$657 +7.9%	$9,263
2001	$609	$9,263

Find assessor info on the county website

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HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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