725 N Morrison St, Kokomo, IN, 46901
About This Home
Excellent investment opportunity! This well-maintained 2-bedroom, 1-bath home is currently occupied by a long-term tenant who takes exceptional care of the property. The tenant is on a month-to-month lease and is willing to sign a new lease, offering flexibility for both investors and owner-occupants. Situated on a spacious corner lot with a large yard, this home features a comfortable living room, formal dining room, and an eat-in kitchen with appliances included. A dedicated laundry room adds convenience, while the full basement provides abundant storage or additional usable space. A newer gas forced-air furnace offers added peace of mind and energy efficiency. Whether you're looking to add a turnkey rental to your portfolio or purchase a home with future flexibility, this property is one you won't want to miss!
Getting Around
Very Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1890
Materials
- Foundation: Stone
- Roof: Asphalt,Shingle
- Construction materials: Stone,Fiber Cement
Type & Style
- Home type: SingleFamily
- Architectural style: Bungalow
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Range/Oven Hook Up Gas,Refrigerator,Gas Range,Gas Water Heater
- Laundry features: Main Level
Basement
- Has basement: Yes
- Basement: Full,Unfinished
Bedroom1
- Level: Main
Bedroom2
- Level: Main
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 2
Dining Room
- Area: 196
Features
- Laminate Counters,Tub/Shower Combination,Formal Dining Room
- Flooring: Carpet,Vinyl
- Finished area below ground: 0
- Finished area above ground: 948
Heating & Cooling
- Heating features: Natural Gas,Forced Air,High Efficiency Furnace
- Cooling features: Central Air
Interior Area
- Total structure area: 1,896
- Total interior livable area: 948 sqft
Kitchen
- Area: 224
Living Room
- Area: 168
Property
Details
- Parcel number: 340325385008.000002
Features
- Levels: One
- Stories: 1
- Patio & porch: Porch Covered
- Fencing: None
Lot
- Lot size: 5,662 sqft
- Features: Corner Lot,0-2.9999,City/Town/Suburb
- Lot size dimensions: 50x120
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
- Cold Wave
- Hail
- Tornado
- Winter Weather
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 | $429 | $5,148 |
| Home Insurance * | $86 | $1,032 |
| Property Taxes | $117 | $1,404 |
| Electricity | $184 | $2,212 |
| Total | $816 | $9,792 |
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)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-26 | Listed for sale | $85,000 |
| 2019-12-31 | Listing removed | $550 |
| 2019-12-20 | Listed for rent | $550 |
| 2009-05-06 | Sold | $6,000 |
| 2008-12-15 | Sold | $26,250 |
For Sale by Agent
View on Zillow