514 W Walnut St
Independence, MO 64050
Heart of Independence
Studio
2 Baths
Studio
2 Baths
Local Information
© Google
-- mins to
Description
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!
Home Highlights
Parking
No Info
Outdoor
Porch
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
58 days ago
Home Details for 514 W Walnut St
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MLS Status: Active |
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Beds & Baths Number of Bathrooms: 2 |
Appliances & Utilities Utilities: Ind Heat And Air, Separate MetersAppliances: Dishwasher, Disposal, Refrigerator, Ind Water HeatersDishwasherDisposalLaundry: In BasementRefrigerator |
Heating & Cooling Heating: Natural GasHas CoolingAir Conditioning: Window Unit(s)Has HeatingHeating Fuel: Natural Gas |
Levels, Entrance, & Accessibility Number of Stories: 1 |
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Exterior Home Features Roof: CompositionPatio / Porch: Porch |
Parking & Garage No CarportNo GarageNo Attached GarageParking: Off Street,Paved |
Frontage Responsible for Road Maintenance: Public Maintained RoadRoad Surface Type: Paved |
Water & Sewer Sewer: Public Sewer |
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Days on Market: 58 |
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Year Built Year Built: 1948 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Triplex |
Building Construction Materials: Brick |
Property Information Parcel Number: 26230202000000000 |
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Price List Price: $197,000 |
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Direction & Address City: IndependenceCommunity: Other |
School Information High School District: Independence |
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Listing Agent Listing ID: 2612518 |
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Not Senior Community |
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HOA Name: n/aNo HOAHOA Fee: No HOA Fee |
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Lot Area: 3281 sqft |
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Listing Terms: Cash, Conventional, 1031 Exchange |
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BasementMls Number: 2612518Attribution Contact: 314-650-2106 |
Last check for updates: about 2 hours ago
Listing Provided by: Steven May, (314) 650-2106
Royal Oaks Realty
Source: Heartland MLS as distributed by MLS GRID, MLS#2612518
Also Listed on Heartland MLS as distributed by MLS GRID.
Market trends in Independence
Last updated April 2026
Avg. sale price
$205K $1.83KMoM
Sale-to-List Price
99.7%
Price per sq ft
$138 $4MoM
Available listings
369 5MoM
Price History for 514 W Walnut St
| Date | Price | Event | Source |
|---|---|---|---|
| 05/19/2026 | $197,000 | PriceChange | Heartland MLS as distributed by MLS GRID #2612518 |
| 04/06/2026 | $199,900 | Listed For Sale | Heartland MLS as distributed by MLS GRID #2612518 |
| 01/01/2026 | $210,000 | ListingRemoved | Heartland MLS as distributed by MLS GRID #2566139 |
| 07/29/2025 | $210,000 | Listed For Sale | Heartland MLS as distributed by MLS GRID #2566139 |
| 05/12/2025 | $210,000 | ListingRemoved | Heartland MLS as distributed by MLS GRID #2534638 |
| 04/04/2025 | $210,000 | PriceChange | Heartland MLS as distributed by MLS GRID #2534638 |
| 03/07/2025 | $215,000 | Listed For Sale | Heartland MLS as distributed by MLS GRID #2534638 |
| 03/08/2024 | ListingRemoved | Zillow Rentals | |
| 03/02/2024 | $695 | PriceChange | Zillow Rentals |
| 02/23/2024 | $745 | Listed For Rent | Zillow Rentals |
| 08/16/2022 | -- | Sold | Heartland MLS as distributed by MLS GRID #2378447 |
| 07/31/2022 | $165,000 | Pending | Heartland MLS as distributed by MLS GRID #2378447 |
| 07/23/2022 | $165,000 | PendingToActive | Heartland MLS as distributed by MLS GRID #2378447 |
| 07/06/2022 | $165,000 | Pending | Heartland MLS as distributed by MLS GRID #2378447 |
| 06/30/2022 | $165,000 | PendingToActive | Heartland MLS as distributed by MLS GRID #2378447 |
| 05/03/2022 | $165,000 | Pending | Heartland MLS as distributed by MLS GRID #2378447 |
| 04/29/2022 | $165,000 | Listed For Sale | Heartland MLS as distributed by MLS GRID #2378447 |
| 11/04/2019 | $495 | ListingRemoved | Agent Provided |
| 10/21/2019 | $495 | PriceChange | Agent Provided |
| 10/03/2019 | $525 | PriceChange | Agent Provided |
| 08/23/2019 | $550 | Listed For Rent | Agent Provided |
| 03/15/2019 | $475 | ListingRemoved | Agent Provided |
| 02/22/2019 | $475 | PriceChange | Agent Provided |
| 02/14/2019 | $500 | PriceChange | Agent Provided |
| 02/05/2019 | $525 | Listed For Rent | Agent Provided |
| 02/09/2013 | $425 | ListingRemoved | Agent Provided |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $1,419 |
| Assessment | $104,470 |
Home facts updated by county records
Comparable Sales for 514 W Walnut St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.51 | Multi-Family Home | - | 04/20/26 | 3 | - | ||
0.45 | Multi-Family Home | - | 01/09/26 | 4 | - | ||
0.59 | Multi-Family Home | - | 08/22/25 | 3 | - | ||
0.62 | Multi-Family Home | - | 09/23/25 | 5 | - | ||
0.45 | Multi-Family Home | - | 09/10/25 | 1 | - | ||
0.93 | Multi-Family Home | - | 08/07/25 | 2 | - | ||
0.69 | Multi-Family Home | - | 09/03/25 | 4 | - | ||
0.90 | Multi-Family Home | - | 06/27/25 | 2 | - | ||
0.44 | Multi-Family Home | - | 12/09/25 | - | - | ||
1.18 | Multi-Family Home | - | 10/21/25 | 3 | - |
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Assigned Schools
These are the assigned schools for 514 W Walnut St.
- Bridger Middle School
- 6
- Public
- 770 Students
7/10GreatSchools RatingParent Rating AverageThis is the worst school in the district. The staff is not properly trained on how to stop bullying and harassment going on daily. Please send your 6th grade child somewhere else.Parent Review1y ago - William Chrisman High School
- 9-12
- Public
- 1406 Students
3/10GreatSchools RatingParent Rating AverageThey have a great learning environment for my children!!Parent Review4y ago - Bingham Middle School
- 7-8
- Public
- 774 Students
3/10GreatSchools RatingParent Rating AverageThis school sucks, the food is unhealthy, the students hate each other 90% of the time, there is a conflict for no reason almost all the time in this school, half the teachers hate the kids, and there is no cracking down on any necessary rules, and they crack down on phones so hard but they don't with harassment and other serious issues in general.Student Review1y ago - Santa Fe Trail Elementary School
- PK-5
- Public
- 386 Students
8/10GreatSchools RatingParent Rating AverageI am a former student now in middle school, and I adore this school. My older brother also attended. The educators and peers were all wonderful, and the principal made me feel secure and was always happy to chat with students and staff. The music, art, and instruction were all excellent. If I don't relocate when I'm older, I'll absolutely send my children here. I can't wait to see my old educators again; they were all wonderful and helped me develop into the person I am today.- Ava ArdonParent Review4y ago 
Check out schools near 514 W Walnut St.
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Heart of Independence
At least 28 Trulia users voted on each feature.
81 % Say parking is easy
79 % Say there are sidewalks
77 % Say there's holiday spirit
73 % Say car is needed
71 % Say it's dog friendly
65 % Say yards are well-kept
56 % Say streets are well-lit
54 % Say there's wildlife
52 % Say kids play outside
50 % Say neighbors are friendly
49 % Say it's walkable to restaurants
47 % Say people would walk alone at night
43 % Say they plan to stay for at least 5 years
42 % Say it's quiet
41 % Say it's walkable to grocery stores
29 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Steven May, Royal Oaks Realty
Agent Phone: (314) 650-2106
Based on information submitted to the MLS GRID as of 2026-06-04 03:22:59 PDT. 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. Click here for more information
Listing Information presented by local MLS brokerage: Zillow, Inc., local REALTOR®- Terry York - (913) 213-6604
Listing Information presented by local MLS brokerage: Zillow, Inc., local REALTOR®- Terry York - (913) 213-6604
514 W Walnut St, Independence, MO 64050 is a studio, 2 bathroom multi-family built in 1948. 514 W Walnut St is located in Heart of Independence, Independence. This property is currently available for sale and was listed by Heartland MLS as distributed by MLS GRID on Apr 6, 2026. The MLS # for this home is MLS# 2612518.