$143,214
$154,900
7.5%For more information regarding the value of a property, please contact us for a free consultation.
535 8th AVE Marion, IA 52302
1,600 SqFt
Key Details
Sold Price $143,214
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,600 sqft
Price per Sqft $89
MLS Listing ID 2601194
Sold Date 10/15/26
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 with major improvements completed! This well-maintained Marion up/down duplex features a 2BR/1BA lower unit and 1BR/1BA upper unit, both occupied by established month-to-month tenants. Recent improvements include a repaired/re-supported main structural support, updated deck stairs and rear handrail, secured A/C electrical box, newer roof, and a new sewer line scheduled for installation. The property has also passed its recent rental permit inspection. Most utilities are separately metered and tenant-paid, with tenants also handling lawn and snow care. Shared furnace is controlled by the lower unit. Conveniently located near downtown Marion, this income-producing property offers immediate rental income with future value-add potential for its next owner.
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
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Bought with Cedar Rapids Area Association of REALTORS