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7-Unit Apartment Building

129 E College Street, Independence, MO 64050

For Sale
$750,000

Residential Income, Independence, MO

Property SizeContact for details
Lot Size0.22 Acres
Days on Market16

Property Features for 129 E College Street

General Information

Property type Residential Multi Family
Property subtype Apartment
Bathrooms 1
Full bathrooms 1
Rooms Bathroom 1
Parking features Off Street
Appliances Refrigerator, Free-Standing Electric Oven
Subdivision Johnsons 1st Addition
Elementary school Bryant
Middle school Bingham
High school William Chrisman
Elementary school district Independence
Middle school district Independence
High school district Independence
Directions North on Noland Rd to E College St. Turn West. Building is to your left.
Standard status Active
APN 26-220-12-03-00-0-00-000
Lot size 0.22 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Description 2640083
Tax Annual Amount 4023
Legal Description 2640083

Utilities

Sewer type Public Sewer
Heating system Forced Air
Cooling system Electric
Water source Public

Amenities

on-site laundry
storage closets

Building Details

Year built 1979
Floors in Building 2
Number of units 7
Building materials Brick
Roof type Composition
Buildings 1
Listing Agency: ReeceNichols - Lees Summit · Reece & Nichols
Listed By: Don Roberts · License MO #2016028783
Added: Oct 29 Changed: Nov 12 Last Checked: Nov 13 at 11:06PM
MLS# 2649525

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.

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Investment Insights

Based on property information with market context.

This 1979 brick apartment property contains seven one-bedroom, one-bath units. Most apartments have received updates, and replacement windows and multiple updated HVAC systems are among the improvements. A shared laundry area serves the building, while each apartment has a separate storage closet. The property also includes a utility room with a half bath and tools. Forced-air heating, electric cooling, public water and sewer, and off-street parking are provided. The site measures 0.22 acres at 129 E College Street in Independence, Missouri.

Key Highlights

  • Seven apartments, each with one bedroom and one bathroom
  • 0.22‑acre site at 129 E College Street, Independence, MO 64050
  • Most apartments have been updated; replacement windows throughout

Property Analytics

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Lease Details

7
Residential units

Location Intelligence

Trade Area within ½ mile

967
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Apartment buildings in Jackson County

Jul
Aug
Sep
Oct

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - All apartments have one-bedroom, one-bath layouts, with shared laundry and individual storage closets.
Where is this apartment building located?
The property is located at 129 E College Street Independence, MO.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Seven apartments, each with one bedroom and one bathroom; 0.22‑acre site at 129 E College Street, Independence, MO 64050; Most apartments have been updated; replacement windows throughout
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