Kokomo, IN Multifamily Homes & Duplexes for Sale

/12
$145,000
- 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
/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
/26
$550,000
- 1 Bed
- 1.5 Baths
- 896 Sq Ft
1410 Dunham On Berkley, Kokomo, IN 46901

A solid investment opportunity awaits with this package of 8 well-maintained one- and two-bedroom condos. All units are tenant-occupied and income-generating. With low overhead and strong rental demand, these condos offer reliable cash flow and long-term upside. Each unit is part of an HOA with dues of just $140/month, covering water, sewer, trash, exterior maintenance, and roof—keeping landlord

Gina Key The Hardie Group

1410 Dunham On Berkley, Kokomo, IN 46901
/24
$350,000
- 1 Bed
- 1 Bath
- 480 Sq Ft
1403 Dunham On Berkley, Kokomo, IN 46901

Here’s your chance to own a solid, income-producing investment with these 5 fully renovated and fully applianced one-bedroom condos. Each unit has been tastefully updated and is move-in ready. Whether you’re looking to use them as furnished rentals or launch them as short-term rentals, optional furniture packages make the transition seamless. The HOA is just $140/month and covers water, sewer,

Gina Key The Hardie Group

1403 Dunham On Berkley, 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
/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
$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
/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 Kokomo

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 46 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 $255,000, down 23% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$255,000

Median Single Family Sale Price

$241,000

Median 2 Bedroom Sale Price

$123,000

Average Price Per Sq Ft

$133

Number of Homes for Sale

Last 12 months Home Sales

149

Months of Supply

0.90

Median List Price

$272,100

Median Change From 1st List Price

Median Home Sale Price YoY Change

-23%

How to Buy a Home How to Finance a Home How to Sell a Home

In Kokomo, there are currently 8 multi-family homes for sale, providing an appealing investment opportunity for buyers. 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.

Kokomo Types of Homes for Sale

Kokomo Real Estate Listings

Kokomo New Construction Homes

More About Living in Kokomo

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