3080 8th St, Marion, IA 52302

Marion
Local realty services provided by:Graf Real Estate ERA Powered
3080 8th St,Marion, IA 52302
$325,000
Virtual Tour
  • - Beds
  • - Baths
  • 3,360 sq. ft.
  • Multi-family
  • Active
Listed by: steve mcvay
Office: re/max concepts
MLS#:2606614
Source:IA_CRAAR

Price summary

  • Price:$325,000
  • Price per sq. ft.:$96.73

About this home

All units are under lease at $750/month to 7/25/27. An exceptional turn-key addition to your real estate portfolio. This fully leased, low-maintenance 4-plex in Cedar Rapids features four identical 2-bedroom, 1-bathroom units with a strong rental history. Over the last five years, the property has undergone extensive capital improvements, including new luxury vinyl plank (LVP) flooring across all units (fully upgraded in 1 unit; kitchens and baths in the remaining 3) and completely modernized heating and hot water boiler systems. Savvy investors will recognize immediate upside, as current rents sit noticeably below market rates. In a high-demand, low-inventory market, a stabilized asset of this caliber won't last long. Contact the listing agent today to capture this premier value-add opportunity.

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Home facts

  • Year built:1979
  • Listing ID #:2606614
  • Added:4 day(s) ago
  • Updated:September 27, 2026 at 07:49 PM

Rooms and interior

  • Basement:Yes
  • Basement Description:Concrete
  • Living area:3,360 sq. ft.

Heating and cooling

  • Central air:Yes

Structure and exterior

  • Year built:1979
  • Building area:3,360 sq. ft.
  • Lot area:0.18 Acres
  • Construction Materials:Frame

Schools

  • High school:Linn Mar
  • Middle school:Excelsior
  • Elementary school:Novak

Utilities

  • Water:Public

Finances and disclosures

  • Price:$325,000
  • Price per sq. ft.:$96.73
  • Tax amount:$4,377

Parking

  • Total parking spaces:7

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