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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.

Listing ID #2601194

Residential Sale

535 8th Avenue
Marion, Iowa 52302

$154,900
Beds0
Total Baths0
Square Feet1,600
Construction Year1900
Lot Size0.17 Acre
Country : US
State : IA
County : Linn
City : Marion
Zipcode : 52302
StatusActive
Virtual Tour: View Tour
Listing Agent
Stacey Dlouhy
Keller Williams Legacy Group
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Features

2601194
Multi Family
1,600 Sqft
1900
Parking Space(s)
Frame, Wood Siding
From 2nd St, follow 8th Ave to the right, home is on the right
Additional Details
0.17 Acre
Central Air
Forced Air, Gas, Hot Water
02-20-2026
7405

Information on this page deemed reliable, but not guaranteed to be accurate. Listing information was entered by the listing agent and provided by ICAAR (Iowa City Area Association of REALTORS®) MLS and CRAAR (Cedar Rapids Area Association of REALTORS®) MLS. Urban Acres claims no responsibility for any misinformation, typographical errors, or misprints displayed from the MLS sources.

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