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128 W Walnut St, Kokomo, IN, 46901

4beds
4baths
2,310sqft
$374,900
$162price/sqft
$2,696/moest. monthly cost
$107,840/yrincome needed

About This Home

Positioned in the heart of downtown Kokomo, this fully renovated, turnkey commercial property presents a rare opportunity for both investors and owner-users. Currently configured with 4 private suites, each offering strong short-term rental potential, the layout is ideal for Airbnb or executive housing use. Spanning just over 2,300 square feet, the property includes a fully equipped kitchen, dedicated laundry area, and comes fully furnished...allowing for immediate income generation with minimal upfront effort. Zoned Downtown Commercial, it offers flexibility for a variety of uses while benefiting from walkable access to Kokomo’s restaurants, shops, and entertainment. Whether you're looking to expand your investment portfolio or capitalize on the growing demand for downtown short-term rentals, this is a high-performing asset in a prime location.

Getting Around

85
WalkingVery Walkable
0
TransitVery Limited Transit
73
BikeVery Bikeable

Schools

4/10
Pettit Park SchoolGrades PK-50.6 mi
6/10
Central Middle SchoolGrades 6-80.3 mi
--
Kokomo Area Career CenterGrades 6-122.5 mi

Construction

Condition

  • Year built: 1885

Materials

  • Construction materials: Brick

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Microwave,Refrigerator,Washer,Dryer-Electric,Electric Range,Electric Water Heater

Basement

  • Basement: None

Bedroom1

  • Level: Upper

Bedroom2

  • Level: Upper

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 4
  • Full bathrooms: 4

Dining Room

  • Level: Upper
  • Area: 220

Features

  • Window features: Window Treatments,Blinds
  • Finished area below ground: 0
  • Finished area above ground: 2,310

Heating & Cooling

  • Heating features: Natural Gas
  • Cooling features: Central Air,Multi Units

Interior Area

  • Total structure area: 2,310
  • Total interior livable area: 2,310 sqft

Kitchen

  • Level: Upper
  • Area: 272

Living Room

  • Level: Upper
  • Area: 272

Property

Details

  • Parcel number: 340336239015.003002

Features

  • Levels: Two
  • Stories: 2

Lot

  • Lot size: 1,306 sqft
  • Features: Level
  • Lot size dimensions: 33 x 132