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Kokomo, IN Multifamily Homes & Duplexes for Sale

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  • /17

    $749,900

    • 17 Beds
    • 8 Baths
    • 6,858 Sq Ft

    1320 S Elizabeth St, Kokomo, IN 46902

    Excellent investment opportunity—four all-brick duplexes offering a total of eight income-producing units. The portfolio includes seven 2-bedroom units and one 3-bedroom unit, with 7 out of 8 currently rented, providing strong and steady income. Tenants pay their own utilities, helping maintain low operating expenses and consistent cash flow. Each unit offers separate meters, multiple outdoor

    Agent Photo

    Andy Hardie

    The Hardie Group

    (765) 268-5339

    1320 S Elizabeth St, Kokomo, IN 46902
  • /13

    $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
  • /18

    $200,000

    • 4 Beds
    • 4 Baths
    • 2,200 Sq Ft

    510 E Morgan St, Kokomo, IN 46901

    Great investment opportunity! This 4-unit property offers four 1-bed/1-bath apartments. Two units are occupied and the other two just secured leases and will be occupied soon. Gas and electric are paid by residents, water and sanitation are paid by the owner. Only units 1 and 4 are available for showings.

    Katie Franklin CRM Properties, Inc

    510 E Morgan St, Kokomo, IN 46901
  • /19

    $160,000

    • 3 Beds
    • 3 Baths
    • 1,908 Sq Ft

    801 Brandon St, Kokomo, IN 46901

    Great investment opportunity in Kokomo! This cash-flowing duplex at 801 S Brandon Street offers two well-maintained units with solid rental history and $1,600 in gross rents! The front unit features 1 bedroom and 1 bath, while the rear unit provides a spacious 2 bedroom, 2 bath layout with its own attached garage—a strong draw for long-term tenants. Both units are fully rented, generating

    Shane Childers Keller Williams Lafayette

    801 Brandon St, Kokomo, IN 46901
  • /2

    $134,900

    • 2 Beds
    • 2 Baths
    • 1,176 Sq Ft

    824 W State St, Kokomo, IN 46902

    Don’t miss this two-unit duplex offering spacious one-bedroom, one-bath layouts, each with a comfortable living room and applianced kitchen. The property includes a two-car attached garage with alley access, with one side connected to the second unit and each having its own private entrance. Both units are ready for updates, making this the perfect chance to add equity and customize to your

    Shelly Nutt Sethi Team Realty

    824 W State St, Kokomo, IN 46902
  • /12

    $150,000

    • 4 Beds
    • 3 Baths
    • 2,232 Sq Ft

    1411 S Main St, Kokomo, IN 46902

    Check out this triplex! Unit A is a 2 bed/1bath, rents for $900.00 per month, leased through 1/10/26. Unit B is a one bed/one bath currently vacant-previously rented for $650.00 per month. Unit C is a one bed/one bath currently vacant, previously rented for $600.00 per month. Monthly Averages: Nipsco averages $100.24, City of Kokomo $40.28, Indiana American Water $52.51, and lawn $140.00. Many

    Misty Davidson The Wyman Group

    1411 S Main St, Kokomo, IN 46902
  • /6

    $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

    $110,000

    • 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, dining area & a recently added new AC unit. 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

    Holly Stone The Hardie Group

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

    $139,900

    • 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
  • /12

    $125,000

    • 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
  • /12

    $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 second

    DJ Butcher Fortune Companies, Inc

    300 E Taylor 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
$162,000
Median Townhouse Sale Price
$201,950
Median 2 Bedroom Sale Price
$225,000
Median 1 Bedroom Sale Price
$115,000
Average Price Per Sq Ft
$114
Number of Homes for Sale
65
Last 12 months Home Sales
361
Months of Supply
2.20
Median List Price
$169,900
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
5%
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