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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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.