Duplex with Recent Roof
For Sale
$115,000
1330 S Jay St, Kokomo, IN 46902
Both residences are occupied and offer one-bedroom layouts with open kitchen and living areas.
Property Size1,056 SF
Price / SF$108.90
Days on Market71
Property Features for 1330 S Jay St
General Information
Standard status
Active
Size
1,056 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 1BR/1BA
Multifamily Units
2
Building Details
Year Built
1983
Buildings
1
Listing Agency:
CRM Properties, Inc
Listed By:
Audra Cannon · License #RB20000586
(765) 431-9111
Source:
Kmsrealestategroup
Added: Aug 5
Changed: Oct 13
Last Checked: Oct 7 at 1:02PM
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 CRM Properties, Inc
Investment Insights
Based on property information with market context.
This duplex contains 1,056 square feet across two residential units, each arranged with 1 bedroom, a full bathroom, and a combined kitchen and living area. The property was built in 1983 and has a total-electric setup. A roof replacement completed in 2024 adds a documented recent improvement to the building.
Both units are occupied. Residents pay their own electric service, while ownership handles water, sewer, trash, and lawn care. The property is located at 1330 S Jay St in Kokomo, Indiana, providing a compact residential income configuration with clearly defined operating responsibilities.
Both units are occupied. Residents pay their own electric service, while ownership handles water, sewer, trash, and lawn care. The property is located at 1330 S Jay St in Kokomo, Indiana, providing a compact residential income configuration with clearly defined operating responsibilities.
Key Highlights
- Two‑unit duplex with 1,056 square feet of total property size
- Each unit includes 1 bedroom and 1 full bathroom
- Open kitchen and living area in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,490
Cap Rate
8.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$189,800
$189.8K
Cap Rate 7%
$135,571
$135.6K
Cap Rate 9%
$105,444
$105.4K
Market Conditions
NOI Build-Up for 1,056 SF
Gross rent
$14.3K $13.56/SF
− Vacancy
−$762 −$0.72/SF
EGI
$13.6K $12.84/SF
− OpEx
−$4.1K −$3.85/SF
NOI
$9.5K $8.99/SF
Area
Howard County, IN
Vacancy
5.32%
Lease Rate
$13.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$189,800
Cap Rate 7%
$135,571
Cap Rate 9%
$105,444
Alternative Uses
Best Use
Multifamily LT 5
$135.6K
$118.6K – $158.2K
NOI $9,490 @ 7.0% cap · market cap 8.25%
Second Best
Apartment 5plus
$125.0K
$109.4K – $145.8K
NOI $8,750 @ 7.0% cap · market cap 7.61%
Theoretical Best
Warehouse
$831.6K
$727.7K – $970.2K
NOI $58,212 @ 7.0% cap · market cap 50.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
Explore this area
Business Placement
Demographics for 46902, IN
36,038
Population
18,004
Households
2
Avg Household Size
42
Median Age
20%
College-Educated
92%
High-School Grad
50.7 sq mi
ZIP Area
711
Density / Sq Mi
$59,548
Median Household Income
$36,902
Median Earnings
$929
Median Rent
$154,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied and offer one-bedroom layouts with open kitchen and living areas.
Where is this duplex located?
The property is located at 1330 S Jay St Kokomo, IN.
What is the asking price?
The asking price for this property is $115,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,056 square feet of total property size; Each unit includes 1 bedroom and 1 full bathroom; Open kitchen and living area in both units
