Pending

$299,900

408 W Mulberry St, Kokomo, IN 46901

9beds

4,200sqft

$1,971/mo

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Multi Family

Built in 1919

-- sqft lot

$291,900 Zestimate^®

$--/sqft

$-- HOA

What's special

Excellent investment opportunity in the heart of Kokomo! This multi-unit property features a total of five rental units, including four 2-bedroom, 1-bath apartments and one 1-bedroom, 1-bath efficiency unit. With strong income-producing potential and multiple units already in place, this property is ideal for investors looking to expand their portfolio or generate steady cash flow. Conveniently located near downtown amenities, shopping, dining, and major employers. Plenty of upside potential with room to increase rents and maximize returns. Don’t miss your chance to own a versatile multi-family property in a growing rental market!

87 days

24

1

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 9
Bathrooms: 5
Full bathrooms: 5

Heating

Electric, Natural Gas, Forced Air, Fireplace(s)

Cooling

Central Air

Features

Ceiling Fan(s)
Flooring: Wood
Basement: Unfinished,Stone
Has fireplace: Yes

Interior area

Total structure area: 5,500
Total interior livable area: 4,200 sqft
Finished area above ground: 4,200
Finished area below ground: 0

Video & virtual tour

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Property

Parking

Total spaces: 8
Parking features: Off Street Parking

Features

Levels: Multi-Story (3+)
Stories: 3

Lot

Size: 8,712 Square Feet
Dimensions: 66 x 132
Features: Level

Details

Additional structures: None
Parcel number: 340336209011.000002

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick
Foundation: Basement

Condition

New construction: No
Year built: 1919

Utilities & green energy

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

Community & HOA

Community

Subdivision: None

Location

Region: Kokomo

Financial & listing details

Annual tax amount: $4,464
Date on market: 5/7/2026
Inclusions: Building, Land
Lease term: 12 Months
Total actual rent: 49860
Tenant pays: Cable TV, Cooling, Electricity, Fuel, Heating

Estimated market value

$291,900

$277,000 - $306,000

$1,092/mo

Price history

Date	Event	Price
5/18/2026	Pending sale	$299,900
Source: IRMLS #202616939 Report a problem
5/7/2026	Listed for sale	$299,900
Source: IRMLS #202616939 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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