701 E Walnut St

Kokomo, IN 46901

$270,000
Price
6
Beds
2,880 Sq. Ft.
$94 / Sq. Ft.
2,880
Sq. Ft.
$94
per Sq. Ft.

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...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.
  1. Listed by Josh Murdock • Murdock Real Estate Group • Cell: 561-618-6502

Property Details for 701 East Walnut Street

Style
Two Story
Subdivision
None
Waterfront
No
Pet Restrictions
No
LISTING UPDATED: 02/17/2026 03:39 PM

Property Details for 701 East Walnut Street

StatusActive
MLS #202604108
Days on Market11
Taxes$1,324 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Fourplex
Year Built1916
Lot Size0.16 AC / 6,970 SF
CountyHoward County

Location

Listing Courtesy of Murdock Real Estate Group
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Building Information for 701 East Walnut Street

Stories2Residences4Year Built1916Building Size-Lot Size0.16 AC / 6,970 SF

Payment Calculator

$1,426 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,316

Property Taxes

$110

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 701 East Walnut Street

Summary
Location and General Information
  • Area: Howard County
  • City: Kokomo
  • Zip Code: 46901
  • State: IN
  • Township: Center
  • Geo Latitude: 40
  • Geo Longitude: -86
  • Fips Code: 18067
  • Directions To Property: Gps Friendly
  • Location: City/Town/Suburb
Taxes and HOA
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2026
  • Parcel Number Id: 34-04-31-152-005.000-002
School Information
  • School District: Kokomo-Center Township Cons. S.D.
  • Elementary: Sycamore
  • Middle School: Maple Crest
  • High School: Kokomo
Parking
  • Number Of Parking Spaces: 6
Property
Lot Information
  • Class: INVESTMENT
  • Property Subtype: Fourplex
  • Approx Lot Size Acres: 0.16
  • Lot Dimensions: 50x140
  • Below Grade Unfin Sqft: 1440.0
  • Total Square Feet: 4320.0
  • Approx Lot Size Sqft: 6970.0
  • Above Grade Finished Sqft: 2880.0
  • Below Grade Finished Sqft: 0.0
  • Total Below Grade Sqft: 1440.0
  • Total Finished Sqft: 2880.0
  • Above Grade Unfin Sqft: 0.0
  • Lot Description: Level
Property and Assessments
  • New Construction: No
  • Year Built: 1916
  • Age: 110
  • Documents Available: LBP Form, Sellers Disclosure
  • Planned Unit Development: No
Utilities
  • Sewer: City
  • Water Utility: City
Interior and Exterior Features
Exterior Features
  • Amenities: Basement
  • Exterior: Vinyl
  • Outbuilding: None
  • Platted: Yes
  • Pool: No
Interior Features
  • Number of Electric Meters: 5
  • Number of Gas Meters: 2
  • Number of Dishwashers: 0
  • Number of Disposals: 0
  • Number of Dryers: 0
  • Number of Microwaves: 0
  • Number of Ranges/Ovens: 4
  • Number of Refrigerators: 4
  • Number of W/D Hookups: 0
  • Number of Washers: 0
  • Number Water Meters: 1
  • Basement: Yes
  • Basement/Foundation: Full Basement
  • Cooling: Window
  • Flooring: Vinyl
  • Heating/Fuel: Gas, Forced Air
  • Stories: 2
  • Number of Above Grade Bedrooms: 6
  • Number of Below Grade Baths: 0
  • Number of Below Grade Bedrooms: 0
  • Total Number of Bedrooms: 6
  • Total Number of Full Baths: 4
  • Total Number of Half Baths: 0
  • Total Baths: 4
  • Number Total Rooms Below Grade: 0
  • Num Of 1 Bedrooms: 2
  • Num Of 2 Bedrooms: 2
  • Num Of 3 Bedrooms: 0
  • Num Of 4 Bedrooms: 0
Multi Family
Multi-Family Information
  • Num of Efficiencies: 0
  • Num of Units Rented: 3
  • Number of Units: 4
Income & Expenses Information
  • Annual Electric Expense: $2,634.00
  • Annual Fuel Expense: $2,129.00
  • Annual Gross Rent $: $36,900
  • Annual Insurance Expense: $1,700
  • Annual Maint. Expense: $0
  • Annual Misc: $0
  • Annual Net Income: $26,603
  • Annual Property Tax: $1,324
  • Annual Trash Expense: $0
  • Annual Water/Sewer Exp: $2,510
  • Gross Monthly Income: $3,075
  • Gross Monthly Rent: $3,075
Unit Information
Unit 1
  • Unit 1-Num of Bathrooms: 1
  • Unit 1-Num of Bedrooms: 1
  • Unit 1-Num of Rooms: 4
  • Unit 1-Basement: Yes
  • Unit 1-Currently Rented: Yes
  • Unit 1-Deposit Amount: $725.00
  • Unit 1-Electric: Tenant
  • Unit 1-Gas: Owner
  • Unit 1-Lease Exp Date: 03-31-2026
  • Unit 1-Level: Main
  • Unit 1-Rent Frequency: Monthly
  • Unit 1-Unit Number: A
  • Unit 1-Unit Rent $: $725
Unit 2
  • Unit 2-Num of Bathrooms: 1
  • Unit 2-Num of Bedrooms: 2
  • Unit 2-Num of Rooms: 5
  • Unit 2-Basement: No
  • Unit 2-Currently Rented: Yes
  • Unit 2-Deposit Amount: $800.00
  • Unit 2-Electric: Tenant
  • Unit 2-Garage: No
  • Unit 2-Gas: Owner
  • Unit 2-Lease Exp Date: 05-31-2026
  • Unit 2-Level: Upper
  • Unit 2-Rent Frequency: Monthly
  • Unit 2-Unit Number: B
  • Unit 2-Unit Rent $: $825
Unit 3
  • Unit 3-Num of Bathrooms: 1
  • Unit 3-Num of Bedrooms: 1
  • Unit 3-Num of Rooms: 4
  • Unit 3-Basement: Yes
  • Unit 3-Currently Rented: No
  • Unit 3-Electric: Tenant
  • Unit 3-Garage: No
  • Unit 3-Gas: Owner
  • Unit 3-Laundry Room: None
  • Unit 3-Level: Main
  • Unit 3-Unit Number: C
  • Unit 3-Unit Rent $: $725
Unit 4
  • Unit 4-Num of Bedrooms: 2
  • Unit 4-Num of Rooms: 5
  • Unit 4-Basement: No
  • Unit 4-Currently Rented: Yes
  • Unit 4-Deposit Amount: $650.00
  • Unit 4-Electric: Tenant
  • Unit 4-Garage: No
  • Unit 4-Gas: Owner
  • Unit 4-Laundry Room: None
  • Unit 4-Level: Upper
  • Unit 4-Rent Frequency: Monthly
  • Unit 4-Unit Number: D
  • Unit 4-Unit Rent $: $800
Rental
Rental Information
  • Lease Term: 1 Year
  • Owner Pays: Fuel, Lawn Maintenance, Sewer, Water
  • Tenant Pays: Electric

Property History for 701 East Walnut Street

DateEvent & SourcePriceAppreciation
Feb 10, 2026

Listed (Active)

Indiana Regional MLS #202604108

$270,000—
DateEvent & SourcePrice
02/10/2026

Listed (Active)

Indiana Regional MLS #202604108

$270,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 701 East Walnut Street

Taxable ValueLand$7,200Additions$87,900Total$95,100
Tax Record2024$1,324 ($110 / month)
Home Facts
Baths4Total Finished SqFt2,880 SqFtAbove Grade Finished SqFt2,880 SqFtStories2Lot Size6,970 SqFtStyleMulti-Family Dwelling (2-4)Year Built1916Year Renovated1971CountyHOWARDAPN34-04-31-152-005.000-002

Schools near 701 East Walnut Street

This home is within Kokomo School Corporation.
Rating
School
Type
Grades
Distance
Sycamore Elementary School
Public - PK to 5
Maple Crest Middle School
Public - 6 to 8
Kokomo High School
Public - 9 to 12
Kokomo Area Career Center
Public - 6 to 12
Rating
School
Distance
Sycamore Elementary School
PublicPK to 5

Maple Crest Middle School
Public6 to 8

Kokomo High School
Public9 to 12

Kokomo Area Career Center
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 701 East Walnut Street, Kokomo, IN 46901

701 East Walnut Street is a multi-family home for sale in Kokomo, IN 46901. This property was listed for sale on February 10, 2026 by Murdock Real Estate Group, it's currently listed at $270,000. This listing's school district is Kokomo School Corporation. Nearby schools include Sycamore Elementary School, Maple Crest Middle School and Kokomo High School. 701 East Walnut Street is a 6-bed, 4-bath, 2,880 sqft multi-family home built in 1916.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Murdock Real Estate Group

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.