514 W Walnut St, Independence, MO, 64050
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!
Getting Around
Very Walkable
Some Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1948
Materials
- Roof: Composition
- Construction materials: Brick
Type & Style
- Home type: MultiFamily
- Property subType: Triplex
Interior
Appliances
- Appliances included: Dishwasher,Disposal,Refrigerator,Ind Water Heaters
- Laundry features: In Basement
Basement
- Has basement: Yes
Bedrooms & Bathrooms
- Bathrooms: 2
Heating & Cooling
- Heating features: Natural Gas
- Cooling features: Window Unit(s)
Property
Details
- Parcel number: 26230202000000000
- Zoning: R
Features
- Patio & porch: Porch
Lot
- Lot size: 3,281 sqft
Parking
- Parking features: Off Street,Paved
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hail
- Heat Wave
- Tornado
- Cold Wave
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Missouri Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $993 | $11,916 |
| Home Insurance * | $233 | $2,796 |
| Property Taxes | $185 | $2,220 |
| Electricity | $141 | $1,693 |
| Total | $1,552 | $18,624 |
Income You'd Need if You Spent...
Missouri FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-06 | Listed for sale | $199,900 |
| 2026-01-01 | Listing removed | $210,000 |
| 2025-07-29 | Listed for sale | $210,000 |
| 2025-05-12 | Listing removed | $210,000 |
| 2025-04-04 | Price change | $210,000 |
| 2025-03-07 | Listed for sale | $215,000 |
| 2024-03-08 | Listing removed | -- |
| 2024-03-02 | Price change | $695 |
| 2024-02-23 | Listed for rent | $745 |
| 2022-08-16 | Sold | -- |
| 2022-07-31 | Pending sale | $165,000 |
| 2022-07-23 | Listed for sale | $165,000 |
| 2022-07-06 | Pending sale | $165,000 |
| 2022-06-30 | Listed for sale | $165,000 |
| 2022-05-03 | Pending sale | $165,000 |
| 2022-04-29 | Listed for sale | $165,000 |
| 2019-11-04 | Listing removed | $495 |
| 2019-10-21 | Price change | $495 |
| 2019-10-03 | Price change | $525 |
| 2019-08-23 | Listed for rent | $550 |
| 2019-03-15 | Listing removed | $475 |
| 2019-02-22 | Price change | $475 |
| 2019-02-14 | Price change | $500 |
| 2019-02-05 | Listed for rent | $525 |
| 2013-02-09 | Listing removed | $425 |
| 2012-11-07 | Listed for rent | $425 |
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