1320 S Elizabeth Street Kokomo, IN $ 749,900
1320 S Elizabeth Street
$ 749,900
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1320 S Elizabeth Street

Kokomo, IN, 46902
$ 749,900
Bedrooms17 Baths8.0 Sq 6,858

Monthly Estimate*

$ 4,678

1320 S Elizabeth Street, Kokomo, IN 46902 - Image 1
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Multi-Family Home for sale in Kokomo, IN

for $749,900 with 17 bedrooms and 8 full baths. This 6,858 square foot home was built in 1997.

Excellent investment opportunityfour 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.

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Multi-Family Pending

Price

$ 749,900

Bedrooms

17

Full Bath

8

Property Type

Multi-Family

Taxes

$ 8,789

Style

Eightplex

Year Built

1997

Town/City

Kokomo

County/Region

Howard

MLS | Web ID

202547810

Features
General
Heating Forced Air
Cooling Central Air
Sewer City
Status Pending Pending
Full Baths 8
Half Baths 0
Bathrooms 8
Year Built 1997
Parking Lot Paved
New Construction No
Tenant Pays Electric Heating Sewer Water
Subdivision None
Style One Story
Stories Count 1
Township Center
Class INVESTMENT
Type Eightplex
Age 28
Net Income 76811
Rent Income 90600
Features Cable Ready Eat-In Kitchen Landscaped Patio Open
REO No
Status Detail 0
Area Howard County
Location City/Town/Suburb
High School Kokomo
City Kokomo
School District Kokomo-Center Township Cons. S.D
Total Sq Ft 6858
Elementary School Elwood Haynes
Middle School Central
Legal Description COUNTRYSIDE ADDN PT LOT 1
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202547810
Agent First Name Andy
Agent Last Name Hardie
DOM 6
Tax Year 2025
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Interior
Basement Crawl
Flooring Carpet Laminate
Beds 17
Total Number of Units 8
Microwaves 0
Refrigerators 8
Washers 0
Dryer(s) 0
Dishwasher(s) 0
Disposal(s) 0
Above Grade Bedrooms 17
Below Grade Baths 0
Below Grade Bedrooms 0
Total Rooms Below Grade 0
Ranges/Ovens 8
W/D Hookups 0
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Exterior
Exterior Brick
Pool No
Number of Parking Spaces 16
Lot Size Area 22651
Lot Dimensions 185 x 140
Lot Description Level
Water Meters 8
Electric Meters 8
Outbuilding None
Gas Meters 8
Waterfront Y/N No
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* Excluded Features
List By
Andy Hardie

Listing Agent

The Hardie Group

Broker

andy@thehardiegroup.com

Email

Affordability Calculator

$5,411
Per Month
86%
14%
0%
Monthly Principal & Interest
$4,678
Monthly Property Taxes
$732
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
2139514 Elementary School
1236963 Middle School
Kokomo High School High School
Pricing History
DatePricePrice ChangeDescription
12/2/2025$749,900 Listed Price

Map


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1320 S Elizabeth Street, Kokomo, IN, 46902 is a Multi-Family Home for sale at $749,900 with 6,858 sqft. 1320 S Elizabeth Street has 17 bedrooms, 8.0 baths, and was built in 1997. The property's zip code is 46902 which is in Kokomo, IN