308 E Walnut St Belton, MO 64012
Property details
About 308 E Walnut St
Exceptional investment opportunity in the Gateway Corridor of Belton’s Old Town Redevelopment Incentive District. This updated mixed-use property, located on a half city block, offers a diverse income stream and impressive cash flow. This property not only benefits from reliable income and low maintenance thanks to recent renovations, but it also located within a redevelopment district which may offer tax incentives or development benefits to future owners. Interior photos are listing photos used prior to current residents taking possession. The residential portion of the property features a total of 15 rental units, including an eight-unit apartment building comprised of five one-bedroom, one-bath units and three two-bedroom, one-bath units. Additionally, the property includes two one-bedroom, one-bath duplexes, a two-bedroom, one-bath duplex, and a standalone two-bedroom, one-bath single-family home—offering a versatile mix of layouts to attract a wide range of tenants. Complementing the residential units is a well-established commercial auto repair shop with a large, fenced parking lot, creating an ideal space for a small business or continued commercial use. Since 2022, nearly every structure on the property has been extensively renovated. Improvements include new siding, roofs, gutters, HVAC systems, water heaters, exterior doors, and a new asphalt parking lot. All but one of the rental units have been updated with new kitchen cabinets, countertops, and appliances, along with modernized bathrooms featuring tile showers, new vanities, updated lighting and plumbing fixtures, fresh flooring, and paint throughout. This is a rare chance to acquire a stabilized asset with strong financials within a rapidly changing commercial corridor.
Highlights
Summary
- Appliances: Disposal, Microwave, Refrigerator, Electric Oven
- Basement: No
- Parking: Off Street, On Street, Paved
- Heating: Wall Furnace
- Cooling: None
- List Price: $1,495,000
- Annual Tax Amount: $4,026
- Tax Year: 2023
- Directions: From I-49, South on 163 Street, West on 58, South on Walnut or Chestnut.
- Stories: 2
- MLS Number: 2548046
- MLS Name: HMLS
- Office Name: Platinum Realty LLC
- Listing Agent: Justin Beebe
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Last updated on: 5/15/2025, 11:24:28 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,495,000
308 E Walnut St
$10,000
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $48,960 | $4,026 |
| 2022 | $44,530 | $53 |
| 2021 | $44,530 | $3,694 |
| 2020 | $40,860 | $3,410 |
| 2019 | $40,860 | $3,339 |
| 2018 | $37,370 | $3,028 |
| 2017 | $37,370 | $3,028 |
History based on county public records data.
Nearby schools
7
Hillcrest Steam Academy
Public District KG-6
0.7 mi
•106 S Hillcrest Rd
6
Gladden Elementary School
Public District KG-4
0.9 mi
•405 Westover Rd
6
Cambridge Elementary School
Public District KG-4
1.1 mi
•109 W Cambridge Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $39,368. Residents of Belton, MO typically earn between $35k-100k each year. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Pro Boxing
NHRA Drag Racing
Extreme Sports
Where do the neighbors shop?
Burlington
Big Lots
Sam's Club
Where do the neighbors go to eat?
Popeyes
Golden Corral
White Castle
What do the neighbors drive?
Dodge
Kia
Oldsmobile
What do the neighbors listen to?
Urban Contemporary
Adult Standards
Rock
Frequently asked questions
About 308 E Walnut St
The listing price of 308 E Walnut St property is $1,495,000.
The property 308 E Walnut St is a condo located in Belton, Missouri, 64012.
Active Listing: 308 E Walnut St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 308 E Walnut St are: Hillcrest Steam Academy (GreatSchools Rating 7/10), Gladden Elementary School (GreatSchools Rating 6/10), Cambridge Elementary School (GreatSchools Rating 6/10), Belton Middle School (GreatSchools Rating 4/10), Grandview Middle School (GreatSchools Rating 6/10), Raymore-Peculiar South Middle School (GreatSchools Rating 5/10), Belton High School (GreatSchools Rating 4/10), Grandview Sr. High School (GreatSchools Rating 2/10), Raymore-Peculiar High School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2023 is $4,026 (source: MLS/based on county public records data).
The property at 308 E Walnut St has 0 bathroom.
This home is located at 308 E Walnut St in Belton, MO and zip code 64012. Features: 0 bathroom. It has been listed on Rocket Homes since May 10, 2025 and is currently priced at $1,495,000.
The number of listings in Belton, MO decreased by 3.9% between March and April 2025. The median list price of listings available in April 2025 was $290,000, while the average time on the real estate market was 60 days.