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10-Unit Apartment Property
For Sale
$325,000

10906 E Truman Rd, Independence, MO 64052

Multiple buildings include a five-unit structure, three cottages, and an up/down duplex.

Property SizeContact for details
Lot Size1.30 Acres
Days on Market44

Property Features for 10906 E Truman Rd

General Information

Standard status Active
Lot size 1.30 Acres
Property subtype Multi-Family
Occupancy 30%

Property Condition

Severity Major Repairs Needed
Evidence requires city permitting for the rebuild of the upper unit

Site & Location

Road Access Yes
Utilities to Site Yes

Additional Details

Multifamily Units 10

Amenities

off street parking
yard space

Building Details

Year Built 1930
Buildings 5
Listing Agency: Standard Real Estate
Listed By: Micah Thomas
Source: Francishomegroup
Added: Jul 20 Changed: Aug 28 Last Checked: Aug 30 at 8:32PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Standard Real Estate

Investment Insights

Based on property information with market context.

Built in 1930, this 10-unit apartment property spans 1.3 acres and combines several residential structures. Five units are located in one building, while the balance consists of three cottages and an up/down duplex. The main building has a newer rolled roof along with structural and plumbing improvements. Separate electric meters allow tenants to pay their own electric service, while the owner covers water. The property also provides off-street parking and shared yard space.

Seven units are currently vacant as they are being prepared for sale, while the three cottages are occupied by long-term tenants. The upper duplex unit requires city permitting for reconstruction. Located at 10906 E Truman Rd in Independence, the property is just west of Truman Rd. and Sterling Ave. and occupies a high-visibility setting.

Key Highlights

  • 10‑unit property on 1.3 acres
  • Five‑unit building plus three cottages and an up/down duplex
  • Newer rolled roof on the five‑unit building

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Pharmacy Nail Salon Dental Office

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

10
Residential units
30%
Occupancy
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

503
Businesses Nearby

Demographics for 64052, MO

22,204
Population
10,570
Households
2.1
Avg Household Size
38
Median Age
15%
College-Educated
88%
High-School Grad
6.3 sq mi
ZIP Area
3,524
Density / Sq Mi
$56,981
Median Household Income
$35,931
Median Earnings
$1,105
Median Rent
$131,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Apartment building - Multiple buildings include a five-unit structure, three cottages, and an up/down duplex.
Where is this apartment building located?
The property is located at 10906 E Truman Rd Independence, MO.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 10‑unit property on 1.3 acres; Five‑unit building plus three cottages and an up/down duplex; Newer rolled roof on the five‑unit building
More about this property
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