Active

$85,000

725 N Morrison St, Kokomo, IN 46901

2beds

948sqft

$616/mo

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Single Family Residence

Built in 1890

5,662 Square Feet Lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Formal dining roomLarge yardDedicated laundry roomSpacious corner lot

Excellent investment opportunity! This well-maintained 2-bedroom, 1-bath home is currently occupied by a long-term tenant who takes exceptional care of the property. The tenant is on a month-to-month lease and is willing to sign a new lease, offering flexibility for both investors and owner-occupants. Situated on a spacious corner lot with a large yard, this home features a comfortable living room, formal dining room, and an eat-in kitchen with appliances included. A dedicated laundry room adds convenience, while the full basement provides abundant storage or additional usable space. A newer gas forced-air furnace offers added peace of mind and energy efficiency. Whether you're looking to add a turnkey rental to your portfolio or purchase a home with future flexibility, this property is one you won't want to miss!

105 days
203
26

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 1
Full bathrooms: 1
Main level bedrooms: 2

Bedroom 1

Level: Main

Bedroom 2

Level: Main

Dining room

Area: 196
Dimensions: 14 x 14

Kitchen

Area: 224
Dimensions: 14 x 16

Living room

Area: 168
Dimensions: 12 x 14

Heating

Natural Gas, Forced Air, High Efficiency Furnace

Cooling

Central Air

Appliances

Included: Range/Oven Hook Up Gas, Refrigerator, Gas Range, Gas Water Heater
Laundry: Main Level

Features

Laminate Counters, Tub/Shower Combination, Formal Dining Room
Flooring: Carpet, Vinyl
Basement: Full,Unfinished
Has fireplace: No

Interior area

Total structure area: 1,896
Total interior livable area: 948 sqft
Finished area above ground: 948
Finished area below ground: 0

Video & virtual tour

View virtual tour

Property

Features

Levels: One
Stories: 1
Patio & porch: Porch Covered
Fencing: None

Lot

Size: 5,662 Square Feet
Dimensions: 50x120
Features: Corner Lot, 0-2.9999, City/Town/Suburb

Details

Parcel number: 340325385008.000002

Construction

Type & style

Home type: SingleFamily
Architectural style: Bungalow
Property subtype: Single Family Residence

Materials

Stone, Fiber Cement
Foundation: Stone
Roof: Asphalt,Shingle

Condition

New construction: No
Year built: 1890

Utilities & green energy

Electric: Duke Energy Indiana
Gas: NIPSCO
Sewer: Public Sewer
Water: Public, Indiana American Water Co
Utilities for property: Cable Available

Community & HOA

Community

Security: Smoke Detector(s)
Subdivision: None

Location

Region: Kokomo

Financial & listing details

Tax assessed value: $82,700
Annual tax amount: $1,654
Date on market: 6/26/2026
Listing terms: Cash,Conventional

Estimated market value

Not available

Estimated sales range

Not available

$1,048/mo

Price history

Date	Event	Price
6/26/2026	Listed for sale	$85,000+1316.7%
Source: IRMLS #202625342 Report a problem
12/31/2019	Listing removed	$550$1/sqft
Source: Harrold-Chandler Real Estate LLC Report a problem
12/20/2019	Listed for rent	$550$1/sqft
Source: Harrold-Chandler Real Estate LLC Report a problem
5/6/2009	Sold	$6,000-77.1%$6/sqft
Source: Public Record Report a problem
12/15/2008	Sold	$26,250$28/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,400 +10.9%	$82,700 +18.1%
2024	$1,262 +7.6%	$70,000 +11.1%
2023	$1,173 +25.7%	$63,000 +7.5%
2022	$933 +6.9%	$58,600 +25.8%
2021	$873 +3.3%	$46,600 +6.9%
2020	$845 +7.6%	$43,600 +3.3%
2019	$785 +1.3%	$42,200 +7.7%
2018	$775 +2.4%	$39,200 +1.3%
2017	$757 +0.8%	$38,700 +2.4%
2016	$751 -6.7%	$37,800 -6%
2014	$805 -6.1%	$40,200 -6.1%
2013	$857 -1.8%	$42,800 -1.8%
2012	$873 -5.2%	$43,600 -5.2%
2011	$921 0%	$46,000
2010	$921 -4.4%	$46,000 -4.4%
2009	$963 -30.2%	$48,100 -4%
2007	$1,380 +7.9%	$50,100 +1.4%
2006	$1,279	$49,400 +11.8%
2005	--	$44,200