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Kokomo, IN Multifamily Homes & Duplexes for Sale

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    $165,000

    • 4 Beds
    • 4 Baths
    • 2,560 Sq Ft

    1709 N Webster St, Kokomo, IN 46901

    This will be a great Income producing property for someone. There are two units already rented out, one unit ready to rent out, and one unit that needs to be remodeled. Each unit has one bedroom and one bathroom, kitchen, and living room. Three of the units come with a refrigerator and stove/oven. You don’t want To miss out on this opportunity.

    Agent Photo

    Kristine Miller

    Apple Tree Realty, LLC

    (765) 441-4548

    1709 N Webster St, Kokomo, IN 46901
  • /2

    $159,900

    • 7 Beds
    • 3 Baths
    • 2,323 Sq Ft

    717 N Indiana Ave, Kokomo, IN 46901

    3 unit investment property with a potential for an efficiency above the garage. Property being sold in "as is" condition. Laundry is in basement. Tenants to share or have to use laundry mat. Information reflects that each unit has a room that could be used as another bedroom if needed.

    Missy Jackson RE/MAX Realty One

    717 N Indiana Ave, Kokomo, IN 46901
  • /10

    $130,000

    • 4 Beds
    • 2 Baths
    • 2,024 Sq Ft

    508 W Lordeman St Unit 510, Kokomo, IN 46901

    Spacious duplex with two-story units, each featuring 2 bedrooms and 2 bathrooms. One unit is currently rented, providing immediate income, while the other is vacant and ready for renovation. All utilities are separately metered and paid by the residents. With a functional layout, solid structure, and excellent rental potential, this property presents a great opportunity for investors seeking to

    Katie Franklin CRM Properties, Inc

    508 W Lordeman St Unit 510, Kokomo, IN 46901
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    $149,900

    • 4 Beds
    • 2 Baths
    • 1,537 Sq Ft

    717 W State St, Kokomo, IN 46902

    Charming duplex near Highland Park! Both units consist of 2 bedrooms and 1 bathroom and are tenant-occupied at $750(lower) and $600(upper). Property is total electric and tenants pay their own electric. Owner is responsible for water/sewer/trash and lawncare. Water/sewer lines and roof all replaced in 2024. HVAC has been replaced within the past 10 years.

    Audra Cannon CRM Properties, Inc

    717 W State St, Kokomo, IN 46902
  • /2

    $120,000

    • 4 Beds
    • 2 Baths
    • 1,308 Sq Ft

    717 E Mulberry St, Kokomo, IN 46901

    Great investment opportunity! This duplex features two spacious units, each offering 2 bedrooms, 1 bathroom, a comfortable living room, kitchen, and dining area. One unit is currently occupied, providing immediate rental income, while the other is vacant. Conveniently located close to downtown, shopping, and dining, this property is perfect for adding to your portfolio or beginning your real

    Holly Stone The Hardie Group

    717 E Mulberry St, Kokomo, IN 46901
  • /27

    $145,000

    • 2 Beds
    • 2 Baths
    • 1,591 Sq Ft

    720 S Union St, Kokomo, IN 46901

    Charming Duplex Near Downtown Kokomo & Baseball Stadium. Located on South Union Street, this fully-leased duplex sits right in the heart of the action—just steps from the baseball stadium and local downtown amenities. Each 1-bed unit offers just under 800 sq. ft. of comfortable living space, featuring a private en suite bathroom, a separate kitchen, and a cozy living area. Tenants enjoy the

    Shane Childers Keller Williams Lafayette

    720 S Union St, Kokomo, IN 46901
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    $132,000

    • 2 Beds
    • 2 Baths
    • 1,535 Sq Ft

    1624 N Webster St, Kokomo, IN 46901

    What a great opportunity! One property two homes. Could be a great addition to your portfolio or live in one home and rent out the other. A two bedroom, one bath house with two living areas, enclosed front porch, with an attached garage-1095sq ft, currently rents for $1000.00 per month. There is a nonworking fireplace in the family room. Back of property has a studio home, that has an unfinished

    Misty Davidson The Wyman Group

    1624 N Webster St, Kokomo, IN 46901
  • /12

    $125,000

    • 3 Beds
    • 3 Baths
    • 1,956 Sq Ft

    914 S Market St, Kokomo, IN 46901

    INVESTORS DELIGHT - Looking for a 3 Unit to enhance your portfolio? Look no more. All units are 1 Bedroom. Seller pays for gas that is for the hot water heater only, water and sanitation. Term of leases are month to month. All 3 units are occupied. Units are being sold in "As Is" condition. Street Parking.

    Pam Maloney RE/MAX Realty One

    914 S Market St, Kokomo, IN 46901
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    $169,500

    • 3 Beds
    • 2 Baths
    • 1,200 Sq Ft

    1406 N Philips St, Kokomo, IN 46901

    Investment Opportunity! This well-maintained duplex offers a fantastic blend of updates and value. The front unit features 2 bedrooms and 1 bathroom, while therear unit offers 1 bedroom and 1 bathroom—perfect for an owner-occupant or rental income. Recent improvements include central air added to both units, newflooring in the back unit, and updated plumbing in the front unit. Each unit has its

    Karina Hernandez Trueblood Real Estate

    1406 N Philips St, Kokomo, IN 46901
  • /17

    $199,999

    • 6 Beds
    • 2 Baths

    714 N Union St, Kokomo, IN 46901

    Welcome to this charming duplex in the heart of downtown Kokomo. Starting on the exterior each unit had 2 entrances, new cement pads poured in 2022, common area fire pit in the backyard installed in 2022, and new stairs installed to upper unit. Starting in the lower level unit walking through the front door there is a spacious living room, 3 bedrooms, and 1 full bathroom. New carpet throughout

    Sarah Schaefer White Stag Realty, LLC

    714 N Union St, Kokomo, IN 46901
  • /19

    $525,000

    • 8 Beds
    • 8 Baths
    • 2,968 Sq Ft

    300 E Taylor St, Kokomo, IN 46901

    Great investment property. Newly renovated duplex. This property has 8 bedrooms and 8 bathrooms in total. Each floor consists of 4 bedrooms with each bedroom having their own bathroom. All of the mechanicals, plumbing, electrical are all brand new as well as the flooring, bathrooms, appliances are all brand new. Both floors have been freshly painted and come with a washer and dryer. The

    DJ Butcher Fortune Companies, Inc

    300 E Taylor St, Kokomo, IN 46901
  • /2

    $149,900

    • 6 Beds
    • 2 Baths
    • 1,960 Sq Ft

    2540-2542 N Buckeye St, Kokomo, IN 46901

    Great investment opportunity! Well maintained duplex each with 3 bedrooms and one bath. Washer and dryer hook ups. Stove and refrigerator stay. Both units are rented. The property sits on one lot. There is an additional lot included that originally had an identical duplex that was destroyed. That lot is buildable, and another duplex could be built for additional income potential.

    Renee Chandler Harrold-Chandler Real Estate

    2540-2542 N Buckeye St, Kokomo, IN 46901

Why Live in Kokomo

Kokomo's rich automotive heritage comes alive through unique attractions like the Elwood Haynes Museum and the annual Haynes Apperson Festival. The city's cultural scene centers around the historic Seiberling Mansion, while America's oldest art glass company, Kokomo Opalescent Glass, welcomes visitors for factory tours. Foster Park serves as a community gathering spot with its Arts Pavilion and concert series, while Highland Park features the famous Old Ben, known as the World's Largest Steer. Local dining ranges from upscale options at Marble The Steakhouse to craft beers and house-smoked barbecue at Half Moon Restaurant & Brewery.

The housing market in Kokomo presents affordable options across various neighborhoods. The median single family home price stands at $180,000, with median townhome prices at $143,500. One bedroom condos have a median price of $113,500, while two bedroom condos typically sell for $208,000. Indian Heights features single family homes with a median price of $140,000, while Maple Crest commands higher prices with a median of $196,800.

Living costs in Kokomo fall 16.8% below the national average. A family with school age children needs approximately $89,000 annually to live comfortably, while renters should aim for $45,000. Property taxes remain competitive at 0.73%, lower than Indianapolis at 0.93%. The city maintains strong employment opportunities through major manufacturers like Stellantis and Delphi Technologies. Western Middle School, rated A minus by Niche, serves several neighborhoods including Indian Heights and Westbrook. Indiana University Kokomo provides higher education opportunities within the city limits. The free City Line Trolley connects downtown to shopping districts, making commuting convenient for residents.

Home Trends in Kokomo, IN

Housing Trends

Median Sale Price
$160,000
Median Single Family Sale Price
$160,000
Median Townhouse Sale Price
$189,000
Median 2 Bedroom Sale Price
$224,950
Median 1 Bedroom Sale Price
$115,000
Average Price Per Sq Ft
$113
Number of Homes for Sale
65
Last 12 months Home Sales
347
Months of Supply
2.20
Median List Price
$169,900
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
4%
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