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Duplex with Updated Roof
For Sale
$115,000

717 W State St, Kokomo, IN 46902

Two-bedroom units, separate electric responsibility, and one recently vacated apartment create a flexible residential income property.

Property SizeContact for details
Days on Market23

Property Features for 717 W State St

General Information

Standard status Active
Property subtype Multi-Family

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2

Building Details

Year Built 1899
Buildings 1
Listing Agency: CRM Properties, Inc.
Listed By: Audra Cannon · License #RB20000586
Source: Eveloteam
Added: Aug 9 Changed: Aug 31 Last Checked: Aug 31 at 7:11PM

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 CRM Properties, Inc.

Investment Insights

Based on property information with market context.

This duplex at 717 W State St in Kokomo, IN, was built in 1899 and contains two apartments, each configured with 2 bedrooms and 1 bathroom. The property is total electric, with residents responsible for their own electricity. The owner covers water, sewer, trash, and lawncare. One apartment is tenant-occupied through 2/28/27, while the upper unit is recently vacant.

The roof was replaced in 2024, and the HVAC system has been replaced within the past 10 years. The property is near Highland Park and offers a two-unit residential income configuration with one occupied apartment and one available unit.

Key Highlights

  • Two‑unit property at 717 W State St, Kokomo, IN 46902
  • Each apartment includes 2 bedrooms and 1 bathroom
  • Roof replacement completed in 2024

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Skin Care Clinic Pharmacy (Bike/Boat/Book/etc) Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

351
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two-bedroom units, separate electric responsibility, and one recently vacated apartment create a flexible residential income property.
Where is this duplex located?
The property is located at 717 W State 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 property at 717 W State St, Kokomo, IN 46902; Each apartment includes 2 bedrooms and 1 bathroom; Roof replacement completed in 2024
More about this property
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