Duplex With Detached
For Sale
$151,000
720 W Monroe St, Kokomo, IN 46901
Two residential units offer private basement laundry hookups, equipped kitchens, and distinct living and dining areas.
Property Size2,560 SF
Price / SF$58.98
Days on Market61
Property Features for 720 W Monroe St
General Information
Standard status
Active
Size
2,560 SF
Property subtype
Multi-Family
Occupancy
100%
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR/1.5BA
Multifamily Units
2
Additional Details
Average Monthly Rent
$822
Amenities
washer/dryer hookups
private unfinished basements
detached garage
Building Details
Year Built
1917
Buildings
1
Tenancy
Multi
Listing Agency:
CRM Properties, Inc
Listed By:
Audra Cannon · License #RB20000586
(765) 431-9111
Source:
Spencerchildersgroup
Added: Aug 18
Changed: Oct 12
Last Checked: Oct 7 at 5:21PM
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
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Investment Insights
Based on property information with market context.
This 1917 duplex contains two 1,280-square-foot units, each arranged with three bedrooms, 1.5 bathrooms, spacious living and dining areas, and an equipped kitchen. Private unfinished basements provide washer and dryer hookups for both residences. The property sits on a corner lot and includes a detached garage that is currently used for owner storage rather than tenant parking or storage.
Both units are occupied under separate leases. Unit 718 is leased through September 2026, while Unit 720 is leased through March 2027. Tenants are responsible for all utilities, and the garage is not currently part of either tenancy.
Both units are occupied under separate leases. Unit 718 is leased through September 2026, while Unit 720 is leased through March 2027. Tenants are responsible for all utilities, and the garage is not currently part of either tenancy.
Key Highlights
- Two‑unit duplex with 2,560 square feet of total building area
- Each unit measures 1,280 square feet and includes 3 bedrooms and 1.5 bathrooms
- Private unfinished basements provide washer and dryer hookups
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
889
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer private basement laundry hookups, equipped kitchens, and distinct living and dining areas.
Where is this duplex located?
The property is located at 720 W Monroe St Kokomo, IN.
What is the asking price?
The asking price for this property is $151,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,560 square feet of total building area; Each unit measures 1,280 square feet and includes 3 bedrooms and 1.5 bathrooms; Private unfinished basements provide washer and dryer hookups
