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701 & 703 E Walnut Street

Kokomo, IN 46901
  • $270,000
  • STATUS: Active
  • ON SITE: 64 Days
  • MLS #: 202604108
UPDATED: 64 min ago
$270,000
  • 6
    BEDS
  • 0.16
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,880
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1916
County:
Area:

School Information

Elementary School:
Middle School:
High School:
Listing provided by Josh Murdock of Murdock Real Estate Group: Cell: 561-618-6502.

Description

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.

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© 2026 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' 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 is not guaranteed accurate by the MLS or Keller Williams Realty. Data last updated: 2026-04-15T23:28:26.15.

www.felecialivingstonrealestate.com/homes/172925713
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701 & 703 E Walnut Street Kokomo, IN 46901

  • Price: $270,000
  • Status: Active
  • On Site: 64 Days
  • Updated: 64 min ago
  • MLS #: 202604108
6
Beds
4
Baths
0
½ Baths
0.16
Acres
2,880
SQFT
$94
$/SQFT
1916
Built
Neighborhood:
None
County:
Howard
Area:
Howard
Elementary School:
Sycamore
Middle School:
Maple Crest
High School:
Kokomo
School District:
Kokomo-Center Township Cons. S.D
Property Description
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.
Exterior Features

Exterior Vinyl Location City/Town/Suburb Lot Description Level Lot Dimensions 50x140 Outbuilding None Parking Spaces 6 Pool YN No Style Two Story Waterfront YN No

Interior Features

Above Grade Bedrooms 6 Above Grade Finished Sqft 2880 Above Grade Unfin Sq Ft 0 Amenities Basement Basement Foundation Full Basement Basement YN Yes Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 1440 Cooling Window Dishwashers 0 Disposals 0 Dryers 0 Flooring Vinyl Heating Fuel GasForced Air Microwaves 0 Ranges Ovens 4 Refrigerators 4 Rooms Below Grade 0 Total Baths 4 Total Below Grade Sqft 1440 Total Sq Ft 4320 Unit1 Basement YN Yes Unit1 Bathrooms 1 Unit1 Bedrooms 1 Unit2 Basement YN No Unit2 Bathrooms 1 Unit2 Bedrooms 2 Unit3 Basement YN Yes Unit3 Bathrooms 1 Unit3 Bedrooms 1 Unit4 Basement YN No Unit4 Bedrooms 2 Wash Dry Hookups 0 Washers 0

Property Features

Annual Electric Expense 2634 Annual Fuel Expense 2129 Annual Gross Rent 36900 Annual Insurance Expense 1700 Annual Maint Expense 0 Annual Misc 0 Annual Net Income 26603 Annual Property Tax 1324 Annual Trash Expense 0 Annual Water Sewer Exp 2510 Assoc Dues Frequency Not Applicable Auction Y / N No Documents Available LBP FormSellers Disclosure Efficiencies 0 Electric Meters 5 For Sale Or Rent For Sale Four Bedrooms 0 Gas Meters 2 Gross Monthly Income 3075 Gross Monthly Rent 3075 Lease Term 1 Year New Construction No One Bedrooms 2 Owner Pays FuelLawn MaintenanceSewerWater Owner Real Estate License YN No Pet Restrictions YN No Planned Unit Dev YN No Property Sub Type Fourplex Reo YN No Sale Includes BuildingLandLease Sewer City Tenant Pays Electric Three Bedrooms 0 Township Center Two Bedrooms 2 Unit1 Unit Rent 725 Unit1- Currently Rntd Y / N Yes Unit2 Unit Rent 825 Unit2- Currently Rntd Y / N Yes Unit2- Garage Y / N No Unit3 Unit Rent 725 Unit3- Currently Rntd Y / N No Unit3- Garage Y / N No Unit4 Unit Rent 800 Unit4- Currently Rntd Y / N Yes Unit4- Garage Y / N No Units Rented 3 Water Meters 1 Water Utility City Year Taxes Payable 2026

Listing provided by Josh Murdock of Murdock Real Estate Group: Cell: 561-618-6502.

© 2026 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' 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 is not guaranteed accurate by the MLS or Keller Williams Realty.


© 2026 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' 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 is not guaranteed accurate by the MLS or Keller Williams Realty. Data last updated: 2026-04-15T23:28:26.15.

 
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Keller Williams Realty
Lafayette, West Lafayette
and Kokomo IN,
Listing provided by Josh Murdock of Murdock Real Estate Group: Cell: 561-618-6502.