535 8th AVE, Marion, IA 52302
535 8th AVE, Marion, IA 52302
535 8th AVE, Marion, IA 52302
28
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$154,900
Est. payment /mo
1,600 SqFt
Price Dropped by $5K

535 8th AVE Marion, IA 52302

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,600 sqft

Price per Sqft $96

MLS Listing ID 2601194

HOA Y/N No

Total Fin. Sqft 1600

Year Built 1900

Annual Tax Amount $2,077

Lot Size 7,492 Sqft

Acres 0.172

Property Sub-Type Multi Family

Property Description

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.

Location

State IA

County Linn

Area Marion

Zoning Com/Res

Rooms

Other Rooms Shed(s)

Interior

Interior Features InteriorFeatures

Heating Forced Air, Gas, Hot Water

Cooling Central Air

Fireplace No

Laundry In Unit

Exterior

Parking Features Parking Space(s)

Utilities Available Separate Meters

Water Access Desc Public

Total Parking Spaces 3

Building

Foundation Block

Sewer Public Sewer

Water Public

Additional Building Shed(s)

Structure Type Frame,Wood Siding

Schools

Elementary Schools Longfellow

Middle Schools Vernon

High Schools Marion

Others

Pets Allowed Yes

Tax ID 14-01-1-31-006-0-0000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Pets Allowed Yes

Virtual Tour https://www.propertypanorama.com/instaview/cdr/2601194


Listed by Keller Williams Legacy Group

NEARBY SCHOOL & BUSINESS

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Tim Scherbring

Tim Scherbring

Broker Associate | License ID: 61218000

+1(319) 361-5111

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535 8th AVE