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    Kokomo, IN
    Residential Income

    Kokomo, IN Residential Income Properties for Sale

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    Three-Unit Residential Income Property
    Updated: Jul 18, 2025
    Three-Unit Residential Income Property

    914 S MARKET Street, Kokomo, IN 46902

    $125,000
    1,956 sqft 0.19 AC lot
    3‑unit property with all units configured as 1‑bedroom apartments
    All 3 units are occupied and leases are month‑to‑month
    Seller pays for gas used for the hot water heater only, plus water and sanitation
    Sold in “as is” condition
    Mixed flooring with carpet reported
    View details
    Multi-Family Conversion Property
    Updated: Jun 15
    Multi-Family Conversion Property

    311 West Walnut Street, Kokomo, IN 46901

    $109,900
    3,396 sqft
    Sold as‑is expansive downtown property with over 5,000 total SF and nearly 3,400 finished SF
    4‑bedroom, 2‑bath home with 3 stories and central air with forced‑air heating
    Full stone basement with two below‑grade rooms
    2 bedrooms on the 2nd level and 2 bedrooms above grade; 4 total bedrooms
    Outbuilding: none; exterior brick; platted property
    View details
    Updated Duplex with Separate Entrances
    Updated Duplex with Separate Entrances

    1406 North Philips Street, Kokomo, IN 46901

    $169,500
    1,200 sqft

    Well-maintained duplex with two updated units, each with its own entrance and separate utilities.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Church Conversion Opportunity
    Church Conversion Opportunity

    200 E Jefferson St, Kokomo, IN 46901

    $165,000

    Open space property suitable for a church, with drawings available for conversion to an eight-unit apartment complex.

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    Based on your search, we've compiled 23 Potential Opportunities for your consideration. Besides 4 Active listings in Kokomo, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 11 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    14-Unit Apartment Complex
    14-Unit Apartment Complex

    408 N Jefferson Street, Converse, IN 46919

    $715,000
    7,880 sqft

    Three-building 14-unit complex with ground-level entries and on-site commercial laundry in Converse.

    View details
    Multi-Family Apartment Building
    Multi-Family Apartment Building

    130 N MERIDIAN Street, Greentown, IN 46936

    $410,000
    4,560 sqft 0.07 AC lot

    Two units feature newly finished interiors, and the landlord pays utilities except electric.

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    14-Unit Apartment Complex
    14-Unit Apartment Complex

    408 N Jefferson Street, Converse, IN 46919

    $715,000
    7,880 sqft 0.45 AC lot

    Three-building 14-unit apartment complex with ground-level entries and on-site laundry facilities.

    View details
    Residential Income Property
    Residential Income Property

    529 W Main St, Greentown, IN 46936

    $189,000

    Fully remodeled interior with a new kitchen and two new bathrooms, offering flexible residential or commercial use.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Vacant Residential Lot for Sale
    Vacant Residential Lot for Sale

    508 W Madison Street, Kokomo, IN 46901

    Contact for pricing
    0.09 AC lot

    Vacant lot in an established neighborhood with R5 zoning information provided for buyer review.

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    Annexed Development Land
    Annexed Development Land

    1030 E Jefferson Street, Tipton, IN 46072

    $450,000
    10.00 AC lot

    Recently annexed Tipton land offering flexibility for multi-family and commercial development plans.

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    LAND - Elwood, IN
    LAND - Elwood, IN

    1301 N 8th Street, Elwood, IN 46036

    Contact for pricing
    0.25 AC lot

    Land · 0.25 Acres

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    LAND - Elwood, IN
    LAND - Elwood, IN

    1313 N 8th Street, Elwood, IN 46036

    Contact for pricing
    0.25 AC lot

    Land · 0.25 Acres

    View details

    Off-Market Properties in Kokomo, IN

    Consider similar Off-Market properties in Kokomo, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1810 Washington St
    MOBILE HOME PARK, TRAILER PARK

    1810 Washington St, Kokomo, IN 46901-2277

    Value Estimation by Request
    1.62 AC lot
    View details
    2904 Apperson Way
    MOBILE HOME PARK, TRAILER PARK

    2904 Apperson Way, Kokomo, IN 46901-1460

    Value Estimation by Request
    160 sqft 20.00 AC lot
    View details
    Zartman Rd
    Land

    0 Zartman Rd, Kokomo, IN 46902

    Value Estimation by Request
    10.00 AC lot
    View details
    2171 300
    Multifamily properties

    2171 300, Kokomo, IN 46902

    Value Estimation by Request
    23,501 sqft 9.00 AC lot
    View details
    1231 Walnut St
    Multifamily properties

    1231 Walnut St, Kokomo, IN 46901

    Value Estimation by Request
    14,820 sqft 0.52 AC lot
    View details
    147 Creekside Rd
    Land

    147 Creekside Rd, Kokomo, IN 46907

    Value Estimation by Request
    4.28 AC lot
    View details
    907 Union St
    Residential income properties

    907 Union St, Kokomo, IN 46901

    Value Estimation by Request
    4,351 sqft 0.19 AC lot
    View details
    200 East St
    Land

    200 East St, Kokomo, IN 46902

    Value Estimation by Request
    71.10 AC lot
    View details
    2620 Washington St
    MOBILE HOME PARK, TRAILER PARK

    2620 Washington St, Kokomo, IN 46901-5851

    Value Estimation by Request
    102 sqft 12.00 AC lot
    View details
    2700 Washington St
    MOBILE HOME PARK, TRAILER PARK

    2700 Washington St, Kokomo, IN 46901-5852

    Value Estimation by Request
    203 sqft 18.13 AC lot
    View details
    1914 Vaile Ave
    MOBILE HOME PARK, TRAILER PARK

    1914 Vaile Ave, Kokomo, IN 46901

    Value Estimation by Request
    5.27 AC lot
    View details

    Kokomo, IN Residential Income Properties Market Trends and Statistics

    Explore 15 residential income properties for sale in Kokomo, IN, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 6,552 square feet of properties for sale, with an estimated market value of $569,400.

    Sale prices for residential income properties in Kokomo, IN start at $109,900, averaging $142,350, and reaching up to $169,500 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Multifamily properties 4
    Apartment buildings 1
    Duplexes 1
    Quadplexes 1
    Triplexes 1

    Demographics Overview

    Population 75K
    Population Growth (5Y) -0.9%
    Median Household Income $60,311
    College Educated 12.3%

    High-Yield Neighborhoods for Investment

    Identify Kokomo submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    46901 $80K
    46902 $140K

    Taxes & Financing

    Tax Rate (average for all types) 2.69%
    Property Tax per SF $47.33 per SF
    Tax Rate vs County Average 0.02 pp above county avg
    Average Loan-to-Value 65.0%

    Property Size Breakdown

    The majority of commercial real estate listings in Kokomo fall within the 10,000 to 25,000 square foot range.

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    Most Searched ZIP Codes in Kokomo, IN

    • 46901
    • 46902

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