128 W Walnut St, Kokomo, IN, 46901
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
Very Walkable
Very Limited Transit
Very BikeableSchools
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
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Strong Wind
- Tornado
- Winter Weather
- Cold Wave
- Hail
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,895 | $22,740 |
| Home Insurance * | $381 | $4,572 |
| Property Taxes | $209 | $2,508 |
| Electricity | $211 | $2,541 |
| Total | $2,696 | $32,352 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
WildfireHailWindHow Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-20 | Listed for sale | $374,900 |
| 2026-03-04 | Listing removed | $388,888 |
| 2025-12-04 | Price change | $388,888 |
| 2025-09-09 | Listed for sale | $399,900 |
| 2024-06-03 | Listing removed | $375,000 |
| 2024-05-14 | Pending sale | $375,000 |
| 2024-03-02 | Listed for sale | $375,000 |
| 2019-11-14 | Listing removed | $475 |
| 2019-10-24 | Listed for rent | $475 |
| 2019-04-30 | Sold | $50,000 |
| 2019-01-23 | Price change | $63,000 |
| 2018-11-19 | Listed for sale | $65,000 |
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