Closed

$761,000

1320 S Elizabeth St, Kokomo, IN 46902

17beds

6,858sqft

Multi Family

Built in 1997

-- sqft lot

$-- Zestimate^®

$--/sqft

$1,161 Estimated rent

Home value

Not available

Estimated sales range

Not available

$1,161/mo

Zestimate^® history

Owner options

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$3,680/mo

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$3,680/mo

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What's special

All-brick duplexesDurable brick constructionMultiple outdoor patios

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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 17
Bathrooms: 8
Full bathrooms: 8

Heating

Forced Air

Cooling

Central Air

Features

Eat-in Kitchen
Flooring: Carpet, Laminate
Basement: Crawl Space

Interior area

Total structure area: 6,858
Total interior livable area: 6,858 sqft
Finished area above ground: 6,858
Finished area below ground: 0

Property

Parking

Total spaces: 16
Parking features: Parking Lot, Paved

Features

Levels: One
Stories: 1
Patio & porch: Patio

Lot

Size: 0.52 Acres
Dimensions: 185 x 140
Features: Level, City/Town/Suburb, Landscaped

Details

Additional structures: None
Parcel number: 341006278011.000002

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick

Condition

New construction: No
Year built: 1997

Utilities & green energy

Sewer: City
Water: City
Utilities for property: Cable Connected

Community & HOA

Community

Subdivision: None

Location

Region: Kokomo

Financial & listing details

Tax assessed value: $570,400
Annual tax amount: $8,789
Date on market: 12/2/2025
Listing terms: Cash
Inclusions: Building, Land
Lease term: Other
Total actual rent: 90600
Tenant pays: Electricity, Heating, Sewer, Water

Price history

Date	Event	Price
1/30/2026	Sold	$761,000+1.5%
Source: IRMLS #202547810 Report a problem
12/8/2025	Pending sale	$749,900
Source: IRMLS #202547810 Report a problem
12/2/2025	Listed for sale	$749,900+24%
Source: IRMLS #202547810 Report a problem
6/30/2023	Sold	$605,000+68.1%
Source: IRMLS #202322982 Report a problem
5/24/2023	Listing removed	--
Source: Zillow Rentals Report a problem
5/2/2023	Listed for rent	$800+6.7%
Source: Zillow Rentals Report a problem
3/17/2022	Listing removed	--
Source: Zillow Rental Manager Report a problem
3/15/2022	Listed for rent	$750
Source: Zillow Rental Manager Report a problem
11/11/2021	Listing removed	--
Source: Zillow Rental Manager Report a problem
10/28/2021	Listed for rent	$750
Source: Zillow Rental Manager Report a problem
4/16/2018	Listing removed	$359,900$52/sqft
Source: The Hardie Group #201754249 Report a problem
1/22/2018	Listed for sale	$359,900$52/sqft
Source: The Hardie Group #201754249 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$8,784 +5.3%	$570,400 +29.9%
2024	$8,340 +10.8%	$439,200 +5.3%
2023	$7,524 +24.2%	$417,000 +10.8%
2022	$6,058 -7.9%	$376,200 +24.2%
2021	$6,578 -0.1%	$302,900 -7.9%
2020	$6,584 +6.9%	$328,900 -0.1%
2019	$6,161 -1.7%	$329,200 +7%
2018	$6,266 -0.9%	$307,800 +5.1%
2017	$6,323 +13.3%	$292,800 -5%
2016	$5,582 -1.5%	$308,100 +8.7%
2014	$5,668 +0.6%	$283,400 -35.2%
2013	$5,634	$437,200