1320 S Elizabeth St

Kokomo IN 46902

6858 sq. ft.

22651 sq. ft.

Multi-Family

Last sold for $761,000

Andy Hardie, last sold this property on 30 January 2026 after 1 day on the market.

Overview

Excellent investment opportunity—four all-brick duplexes offering a total of eight income-producing units. The portfolio includes seven 2-bedroom units and one 3-bedroom unit, with 7 out of 8 currently rented, providing strong and steady income. Tenants pay their own utilities, helping maintain low operating expenses and consistent cash flow. Each unit offers separate meters, multiple outdoor patios, sidewalks, and a total of 16 parking spaces in a private lot. The property is conveniently located near shopping, dining, and major employers, making it attractive for long-term tenant retention. Durable brick construction, solid rental history, and strong demand in the area make this a standout multifamily opportunity.

Features

17 bedrooms

8 bathrooms

16 carspaces

16 open car spaces

6858 sq. ft. floor area

22651 sq. ft. lot size

Multi-Family

Estimated Value

We need at least 3 similar 17 bedroom multi families sold in Kokomo over the last 12 months.

Property history for 1320 S Elizabeth St

2026

Sold

$761,000

30 Jan 2026 by Andy Hardie, of The Hardie Group

2023

Sold

$605,000

30 Jun 2023 by Gina Key, of The Hardie Group

2021

Sold

$490,000

26 May 2021 by Paul Wyman, of The Wyman Group

Happy sellers in Kokomo

We have insufficient information to provide an overview of customer satisfaction for Kokomo. Viewing the agent profiles, reviews and sales for Kokomo can provide insights for this location.