Renovated Duplex with Private
For Sale
$525,000
300 E Taylor St, Kokomo, IN 46901
Two-floor property features dedicated laundry equipment and a large upper-level balcony.
Property Size2,968 SF
Price / SF$176.89
Days on Market45
Property Features for 300 E Taylor St
General Information
Standard status
Active
Size
2,968 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 4BR/4BA
Multifamily Units
2
Amenities
washer and dryer
large balcony
Building Details
Year Built
1913
Buildings
1
Stories
2
Listing Agency:
Fortune Companies, Inc
Listed By:
DJ Butcher · License #RB20000053
(765) 457-1700
Source:
Callcriswell
Added: Jul 20
Changed: Aug 28
Last Checked: Sep 1 at 11:11PM
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 Fortune Companies, Inc
Investment Insights
Based on property information with market context.
This renovated duplex contains 8 bedrooms and 8 bathrooms overall, with each floor arranged as four bedrooms and four private bathrooms. The interior updates include new mechanical systems, plumbing, electrical components, flooring, bathrooms, and appliances. Fresh paint completes both levels, and each floor includes a washer and dryer.
A large balcony extends from the second floor, adding outdoor space to the upper-level layout. The property is located at 300 E Taylor Street in Kokomo, Indiana.
A large balcony extends from the second floor, adding outdoor space to the upper-level layout. The property is located at 300 E Taylor Street in Kokomo, Indiana.
Key Highlights
- 8 bedrooms and 8 bathrooms across the duplex
- Each floor has 4 bedrooms, each with its own bathroom
- New mechanicals, plumbing, and electrical systems
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$26,673
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$533,460
$533.5K
Cap Rate 7%
$381,043
$381.0K
Cap Rate 9%
$296,367
$296.4K
Market Conditions
NOI Build-Up for 2,968 SF
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.
Gross rent
$40.2K $13.56/SF
− Vacancy
−$2.1K −$0.72/SF
EGI
$38.1K $12.84/SF
− OpEx
−$11.4K −$3.85/SF
NOI
$26.7K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$533,460
Cap Rate 7%
$381,043
Cap Rate 9%
$296,367
Alternative Uses
Best Use
Multifamily LT 5
$381.0K
$333.4K – $444.6K
NOI $26,673 @ 7.0% cap · market cap 5.08%
Second Best
Apartment 5plus
$351.3K
$307.4K – $409.9K
NOI $24,594 @ 7.0% cap · market cap 4.68%
Theoretical Best
Warehouse
$2.34M
$2.05M – $2.73M
NOI $163,611 @ 7.0% cap · market cap 31.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
829
Businesses Nearby
Explore this area
Business Placement
Demographics for 46901, IN
38,072
Population
18,307
Households
2.1
Avg Household Size
41
Median Age
17%
College-Educated
90%
High-School Grad
140.9 sq mi
ZIP Area
270
Density / Sq Mi
$61,041
Median Household Income
$37,107
Median Earnings
$869
Median Rent
$131,700
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two-floor property features dedicated laundry equipment and a large upper-level balcony.
Where is this duplex located?
The property is located at 300 E Taylor St Kokomo, IN.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 8 bedrooms and 8 bathrooms across the duplex; Each floor has 4 bedrooms, each with its own bathroom; New mechanicals, plumbing, and electrical systems
