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    403 N Gilbert St Independence, MO 64056

    Pending
    For Sale
    $219,000

    Duplex - Independence, MO

    Type:Duplex
    Lot size:
    0.30 Acres
    Days on Market:
    18
    Last Refresh:
    Dec 5 at 7:06 pm

    Property Features for 403 N Gilbert St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Pending
    Security features
    Smoke Detector(s)
    Zoning
    res
    Rooms
    Basement
    APN
    16-920-07-17-00-0-00-000
    Parking
    2
    Parking features
    Garage
    Exterior features
    Private Entrance
    Basement Y/N
    1
    Appliances
    Dishwasher, Refrigerator, Washer
    Lot size
    0.30 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Electric

    Building Details

    Year built
    1973
    Floors in Building
    1
    Number of units
    2
    Building materials
    Board & Batten Siding
    Roof type
    Composition
    Architectural style
    Other

    REALTY EXECUTIVES of Kansas City (913) 642-4888 [email protected]

    Listing agent Sue Scheetz (913) 642-4888 License #1999031142

    Listing date Nov 18, 2025

    MLS# 2587919 Listing URL

    Copyright © 2025 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.

    Overview

    Independence Duplex with Assumable Loan

    This duplex presents an investment opportunity. Each unit features 2 bedrooms on the main level, with the downstairs area finished and potentially usable as a third bedroom. The roof is 5 years old. Both units have new dishwashers, and unit 401 has a new refrigerator. The front windows of both units were replaced in 2024. The property is situated on a 0.3036-acre lot. Both renters are interested in remaining on the property. Currently, the month-to-month lease for unit 401 is $815, scheduled to increase to $910 in January, while unit 403 is leased at $825, with a planned increase to $925 in January. The existing loan is assumable with a 4.5% fixed interest rate. The property is located in Independence, MO, with convenient highway access to Kansas City and Liberty.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Independence
    County
    Jackson
    State
    Missouri
    Longitude
    -94.375707
    Latitude
    39.111663

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    FAQs

    What type of property is this?
    Duplex - Duplex in Independence, MO with month-to-month leases.
    Where is this duplex located?
    The property is located at 403 N Gilbert St Independence, MO.
    What is the asking price?
    The asking price for this property is $219,000.
    What are key features of this property?
    This property features: - Assumable loan with a *low 4.5% fixed interest rate*.; - Two units with existing renters already in place.; - Immediate rental income with scheduled rent increases in January (401 to $910, 403 to $925).
    (913) 642-4888
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    403 N Gilbert St Independence, MO 64056
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    Independence, MO 64056
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    403 N Gilbert St Independence, MO 64056
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