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About This Home
This 3-bedroom, 0-bathroom residential multi family at 535 8th Avenue in Marion, IA is listed for $154,900 ($97 per sqft). Built in 1900, the home offers 1,600 sqft of living space on a 0.17 acres lot.
Investor opportunity in Marion! This well-maintained up/down duplex offers immediate income potential with a 2BR/1BA lower unit and 1BR/1BA upper unit, both occupied by long-term tenants. A recent rental permit inspection was completed this past week, ensuring a smooth and compliant transition for the next owner.
Most utilities are separately metered and paid by tenants, supporting simplified expense management. Recent exterior improvements include a newer roof (post-deracho repair), fresh scraping and paint, and a newly improved gravel driveway with off-street parking in the rear.
Shared furnace is functional with heat controlled by the lower unit. Tenants also handle snow and lawn care, reducing owner responsibilities. Conveniently located near all that Marion has to offer, this is a solid, low-maintenance addition to any rental portfolio with stable occupancy and operational ease.
Key Features
- Built in 1900
- 0.17 acre lot
- 3 parking spaces
Property Details
Amenities
Monthly Cost Estimate
$828/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
535 8th Avenue
Marion, IA 52302
Property Details
Construction
Questions & Answers
This 3-bedroom, 0-bathroom residential multi family at 535 8th Avenue is listed at $154,900 ($97/sqft). The estimated monthly payment is $671 based on 20% down at 6.5% interest.
Key features include: Built in 1900, 0.17 acre lot, 3 parking spaces.
This property is listed by Stacey Dlouhy and can be reached at (319) 423-4139 or stacey@staceydlouhy.com.
