701 & 703 E Walnut St Kokomo, IN 46901
Estimated payment $1,543/month
Highlights
- Forced Air Heating System
- Level Lot
- Vinyl Flooring
About This Home
Incredible investment opportunity to own a cash flowing 4 unit building, conveniently located in the heart of downtown Kokomo. Units A, B & D have been thoughtfully updated and have great renters in place. Unit C will have new flooring, fresh paint, and new stove prior to closing. Owner pays Gas/Water/Sewer/Lawncare. Residents pay their own electric but there is a 5th electric meter to the basement that owner pays. *All photos of units were taken prior to the residents moving in and are not intended as a direct representation of the property condition. Buyer to do their own due diligence.
Listing Agent
Murdock Real Estate Group Brokerage Phone: 561-618-6502 Listed on: 02/10/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,324
Year Built
- Built in 1916
Lot Details
- 6,970 Sq Ft Lot
- Lot Dimensions are 50x140
- Level Lot
Parking
- 6 Parking Spaces
Home Design
- Quadruplex
- Vinyl Construction Material
Interior Spaces
- 2-Story Property
- Vinyl Flooring
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Full Bathrooms
Location
- Suburban Location
Schools
- Sycamore Elementary School
- Maple Crest Middle School
- Kokomo High School
Utilities
- Window Unit Cooling System
- Forced Air Heating System
- Heating System Uses Gas
Listing and Financial Details
- The owner pays for fuel, lawn maintenance, sewer, water
- Assessor Parcel Number 34-04-31-152-005.000-002
Community Details
Overview
- 4 Units
Building Details
- 5 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $2,634
- Fuel Expense $2,129
- Insurance Expense $1,700
- Water Sewer Expense $2,510
Map
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/10/2026 02/10/26 | For Sale | $270,000 | -- | $94 / Sq Ft |
Source: Indiana Regional MLS
MLS Number: 202604108
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