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Duplex With Private Basement Entrances
For Sale
$192,000

1003-1005 W College Street, Independence, MO 64050

MULTI_FAMILY - Independence, MO

Property SizeContact for details
Lot Size0.16 Acres
Days on Market113

Property Features for 1003-1005 W College Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Bathrooms 2
Full bathrooms 2
Rooms Basement, Bathroom 1, Bathroom 2
Parking features Off Street
Patio and Porch features Porch
Interior features Storage
Exterior features Private Entrance
Appliances Refrigerator, Electric Range
Subdivision Waldo Place
Elementary school district Independence
Middle school district Independence
High school district Independence
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.
Standard status Active
APN 26-310-18-02-00-0-00-000
Lot size 0.16 Acres

Taxes and HOA fees

Tax Description LOT: 5-7 WALDO PLACE W 50' OF N 24' OF LOT 5 & W 50' OF LOTS 6 & 7 BLK 1
Tax Annual Amount 2413
Legal Description LOT: 5-7 WALDO PLACE W 50' OF N 24' OF LOT 5 & W 50' OF LOTS 6 & 7 BLK 1

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Cooling system Electric
Water source Public

Building Details

Year built 1950
Number of units 2
Building materials Frame, Metal Siding, Vinyl Siding
Roof type Composition
Additional Structures Storage
Listing Agency: Keller Williams KC North · Keller Williams Realty
Listed By: Karly Feagans
Added: Apr 20 Changed: Jul 29 Last Checked: Aug 10 at 2:06AM
MLS# 2615350

Copyright © 2026 Heartland Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

1003-1005 W College Street duplex in Independence, MO features two separate units in a frame exterior with metal and vinyl siding. Built in 1950, the property includes off-street parking, a porch, and interior storage. Each unit has its own private basement with a separate entry, plus two bedrooms and one bathroom.

Unit 1005 basement is demoed and ready for build-out to add living space, while Unit 1003 includes a basement with separate entry. The duplex sits on a 0.1577-acre lot and is serviced by public water and public sewer. Heating is natural gas and cooling is electric.

The home is located about two blocks from the school, supporting steady rental demand for residents seeking nearby access to campus.

Key Highlights

  • 0.1577‑acre lot with off‑street parking
  • Built in 1950 duplex with frame exterior and metal/vinyl siding
  • Private basements with separate entries for each unit

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Pharmacy Furniture & Home Goods Carpet & Flooring Store Storage Facility Acupuncture (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

684
Businesses Nearby

Demographics for 64050, MO

22,223
Population
10,338
Households
2.1
Avg Household Size
39
Median Age
15%
College-Educated
87%
High-School Grad
12.9 sq mi
ZIP Area
1,723
Density / Sq Mi
$46,561
Median Household Income
$36,084
Median Earnings
$915
Median Rent
$137,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit duplex with private basement access and separate entries, offering two bedrooms and one bath per unit.
Where is this duplex located?
The property is located at 1003-1005 W College Street Independence, MO.
What is the asking price?
The asking price for this property is $192,000.
What are key features of this property?
This property features: 0.1577‑acre lot with off‑street parking; Built in 1950 duplex with frame exterior and metal/vinyl siding; Private basements with separate entries for each unit
More about this property
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