1320 South Waugh Street, Kokomo, IN 46902
Well-maintained duplex with two updated 2-bedroom, one-bath units, each with stacked washer/dryer and appliances.
- Added:
- May 30, 2026
- Days on Market:
- 12
- Last Refresh:
- Jun 6 at 3:12 am
Property Features for 1320 South Waugh Street
General Information
- Standard status
- Active
- Size
- 1,488 SF
- Property subtype
- Multi Family / Duplex
Building Details
- Year Built
- 1994
Listing agent Susanne Miller License #RB14034691 (765) 457-7214
Listing office The Hardie Group (765) 457-7214
Listing date May 30, 2026
Source Compass
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of The Hardie Group
HighLights
- Well‑maintained duplex built in 1994 featuring two updated 2‑bedroom, 1‑bath units
- Each unit includes a stacked washer/dryer set and kitchen appliances
- Tenants pay utilities; property has 2 electric meters and 2 water meters
- Central air and ceiling fans; heating is electric
- Brick exterior with shingle roof and asphalt driveway; off‑street parking and sidewalks
Overview
The property is marketed as an investment opportunity. Tenants pay utilities, aligning operating costs with tenant usage.
For buyers looking for a straightforward residential income asset, this duplex provides two separate units with similar layouts, in-unit laundry, and updated finishes as described in the offering. The configuration supports tenant independence while maintaining a manageable, two-unit footprint. The seller also notes a realtor has an interest.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.2k | $13.56 |
| − Vacancy | −$1.1k | −$0.72 |
| EGI | $19.1k | $12.84 |
| − OpEx | −$5.7k | −$3.85 |
| NOI | $13.4k | $8.99 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Kokomo
- County
- Howard
- State
- Indiana
- Longitude
- -86.120224
- Latitude
- 40.499256
