535 8th Avenue, Marion, IA 52302

Marion
Local realty services provided by:Graf Real Estate ERA Powered
535 8th Avenue,Marion, IA 52302
$154,900
Virtual Tour
  • - Beds
  • - Baths
  • 1,600 sq. ft.
  • Multi-family
  • Active
Listed by: stacey dlouhy, jami wolf
Office: keller williams legacy group
MLS#:2601194
Source:IA_CRAAR

Price summary

  • Price:$154,900
  • Price per sq. ft.:$96.81

About this home

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.

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Home facts

  • Year built:1900
  • Listing ID #:2601194
  • Added:76 day(s) ago
  • Updated:May 03, 2026 at 07:46 PM

Rooms and interior

  • Living area:1,600 sq. ft.

Heating and cooling

  • Heating:Gas
  • Central air:Yes

Structure and exterior

  • Year built:1900
  • Building area:1,600 sq. ft.
  • Lot area:0.17 Acres
  • Construction Materials:Frame
  • Foundation Description:Block

Schools

  • High school:Marion
  • Middle school:Vernon
  • Elementary school:Longfellow

Utilities

  • Water:Public

Finances and disclosures

  • Price:$154,900
  • Price per sq. ft.:$96.81
  • Tax amount:$2,077

Parking

  • Total parking spaces:3

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