Incredible investment opportunity to own a cash flowing 4 unit building, conveniently located in the heart of downtown Kokomo. All units are rented and have been well maintained. 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.
Active
Price cut: $20K (5/2)
$250,000
701 & 703 E Walnut St, Kokomo, IN 46901
6beds
2,880sqft
Quadruplex
Built in 1916
-- sqft lot
$242,100 Zestimate®
$--/sqft
$-- HOA
What's special
- 161 days |
- 149 |
- 14 |
Zillow last checked:
Listing updated:
Listed by:
Josh Murdock Cell:561-618-6502,
Murdock Real Estate Group
Source: IRMLS,MLS#: 202604108
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Natural Gas, Forced Air
Cooling
- Window Unit(s)
Features
- Flooring: Vinyl
- Basement: Full
Interior area
- Total structure area: 4,320
- Total interior livable area: 2,880 sqft
- Finished area above ground: 2,880
- Finished area below ground: 0
Video & virtual tour
Property
Parking
- Total spaces: 6
Features
- Levels: Two
- Stories: 2
Lot
- Size: 6,969 Square Feet
- Dimensions: 50x140
- Features: Level, City/Town/Suburb
Details
- Additional structures: None
- Parcel number: 340431152005.000002
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Materials
- Vinyl Siding
- Foundation: Basement
Condition
- New construction: No
- Year built: 1916
Utilities & green energy
- Sewer: City
- Water: City
Community & HOA
Community
- Subdivision: None
Location
- Region: Kokomo
Financial & listing details
- Annual tax amount: $1,324
- Date on market: 2/10/2026
- Inclusions: Building, Land, Lease
- Lease term: 12 Months
- Total actual rent: 36900
- Tenant pays: Electricity
Estimated market value
$242,100
$230,000 - $254,000
$1,148/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/2/2026 | Price change | $250,000-7.4% |
Source:  IRMLS #202604108 Report a problem | ||
| 2/10/2026 | Listed for sale | $270,000 |
Source: IRMLS #202604108 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 46901
Nearby schools
GreatSchools rating
- 4/10Sycamore Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 5/10Central Middle SchoolGrades: 6-8Distance: 0.3 mi
- NAKokomo Area Career CenterGrades: 6-12Distance: 2.7 mi
Schools provided by the listing agent
- Elementary: Sycamore
- Middle: Maple Crest
- High: Kokomo
- District: Kokomo-Center Township Cons. S.D.
Source: IRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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