1320 S Elizabeth St Kokomo, IN 46902
Estimated payment $4,680/month
17
Beds
8
Baths
6,858
Sq Ft
$109
Price per Sq Ft
Highlights
- Eat-In Kitchen
- Landscaped
- Level Lot
- Patio
- Forced Air Heating and Cooling System
- Carpet
About This Home
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 patios, sidewalks, and a total of 16 parking spaces in a private lot. The property is conveniently located near shopping, dining, and major employers, making it attractive for long-term tenant retention. Durable brick construction, solid rental history, and strong demand in the area make this a standout multifamily opportunity.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,789
Year Built
- Built in 1997
Lot Details
- 0.52 Acre Lot
- Lot Dimensions are 185 x 140
- Landscaped
- Level Lot
Home Design
- Brick Exterior Construction
Interior Spaces
- 6,858 Sq Ft Home
- 1-Story Property
- Crawl Space
- Eat-In Kitchen
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 17 Bedrooms
- 8 Full Bathrooms
Parking
- 16 Parking Spaces
- Paved Parking
- Parking Lot
Schools
- Elwood Haynes Elementary School
- Central Middle School
- Kokomo High School
Utilities
- Forced Air Heating and Cooling System
- Cable TV Available
Additional Features
- Patio
- Suburban Location
Listing and Financial Details
- The owner pays for building insurance, lawn maintenance, maintenance, snow removal
- Assessor Parcel Number 34-10-06-278-011.000-002
Community Details
Overview
- 8 Units
Building Details
- 8 Separate Electric Meters
- 8 Separate Gas Meters
- 8 Separate Water Meters
- Insurance Expense $5,000
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/02/2025 12/02/25 | For Sale | $749,900 | +24.0% | $109 / Sq Ft | |
| 06/30/2023 06/30/23 | Sold | $605,000 | 0.0% | $88 / Sq Ft | View Prior Sale |
| 04/27/2023 04/27/23 | Pending | -- | -- | -- | |
| 04/27/2023 04/27/23 | For Sale | $605,000 | +23.5% | $88 / Sq Ft | |
| 05/26/2021 05/26/21 | Sold | $490,000 | +2.3% | $71 / Sq Ft | View Prior Sale |
| 04/16/2021 04/16/21 | Pending | -- | -- | -- | |
| 04/14/2021 04/14/21 | For Sale | $479,000 | +35.9% | $70 / Sq Ft | |
| 05/18/2018 05/18/18 | Sold | $352,500 | -2.1% | $54 / Sq Ft | View Prior Sale |
| 04/14/2018 04/14/18 | Pending | -- | -- | -- | |
| 12/08/2017 12/08/17 | For Sale | $359,900 | +30.9% | $56 / Sq Ft | |
| 02/07/2014 02/07/14 | Sold | $275,000 | -26.7% | $170 / Sq Ft | View Prior Sale |
| 01/08/2014 01/08/14 | Pending | -- | -- | -- | |
| 12/17/2013 12/17/13 | For Sale | $375,000 | -- | $231 / Sq Ft |
Source: Indiana Regional MLS
About the Listing Agent
Andy at The Hardie Group Real Estate Company in Kokomo, Indiana is proud to be able to assist you with your real estate needs. On his website they have listings of hundreds of homes, commercial buildings and building lots in the Kokomo/Howard County area.
Andy's Other Listings
Source: Indiana Regional MLS
MLS Number: 202547810
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