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Kokomo, IN Multifamily Homes & Duplexes for Sale

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  • 914 S Market St, Kokomo, IN 46901
    914 S Market St, Kokomo, IN 46901
    914 S Market St, Kokomo, IN 46901
    /12

    $135,000

    • 5 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. Two units down offers 2 BR's each. Upstairs unit is a 1 BR. 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
  • 1406 N Philips St, Kokomo, IN 46901
    1406 N Philips St, Kokomo, IN 46901
    1406 N Philips 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
  • 714 N Union St, Kokomo, IN 46901
    714 N Union St, Kokomo, IN 46901
    714 N Union St, Kokomo, IN 46901
    /17

    $228,500

    • 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
  • 300 E Taylor St, Kokomo, IN 46901
    300 E Taylor St, Kokomo, IN 46901
    300 E Taylor 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
  • 709 & 709.5 W Mulberry St, Kokomo, IN 46901
    709 & 709.5 W Mulberry St, Kokomo, IN 46901
    /2

    $105,000

    • 4 Beds
    • 4 Baths
    • 3,592 Sq Ft

    709 & 709.5 W Mulberry St, Kokomo, IN 46901

    Fully occupied duplex in Kokomo's Silk Stocking Neighborhood. Both units are 2 bedroom 1 bath. 1 upper, 1 lower. Tenants pay electricity.

    Audra Cannon CRM Properties, Inc

    709 & 709.5 W Mulberry St, Kokomo, IN 46901
  • 2540-2542 N Buckeye St, Kokomo, IN 46901
    2540-2542 N Buckeye St, Kokomo, IN 46901
    /2

    $340,000

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

    2540-2542 N Buckeye St, Kokomo, IN 46901

    GREAT INVESTMENT PACKAGE! THREE PROPERTIES INCLUDED. THIS DUPLEX OFFERS TWO UNITS WITH THREE BEDROOMS, ONE BATH EACH. OFF STREET PARKING.

    Renee Chandler Harrold-Chandler Real Estate

    2540-2542 N Buckeye St, Kokomo, IN 46901
Indiana Howard County Kokomo

Multi-Family Homes & Duplexes for Sale in Kokomo, IN

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.

Learn more about living in Kokomo

Home Trends in Kokomo, IN

On average, homes in Kokomo, IN sell after 47 days on the market compared to the national average of 70 days. The median sale price for homes in Kokomo, IN over the last 12 months is $246,000, down 25% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price
$246,000
Median Single Family Sale Price
$236,000
Median 2 Bedroom Sale Price
$123,000
Average Price Per Sq Ft
$133
Number of Homes for Sale
12
Last 12 months Home Sales
145
Months of Supply
1.00
Median List Price
$265,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-25%
How to Buy a Home How to Finance a Home How to Sell a Home

In Kokomo, there are currently 6 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $105,000 to $525,000, there's a range to accomodate every budget. As of August, 2025 the median home price in Kokomo is $265,000, while the average sale price is $290,609, offering insights into the local housing market. On average, multi-family homes spend 47 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Kokomo, IN.

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