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535 8th Avenue

Marion, IA 52302
  • $143,214
  • STATUS: Closed
  • ON SITE: 237 Days
  • MLS #: 2601194
Sold - 10/15/2026
$143,214
SOLD - 10/15/2026
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,600
    SQFT
  • $90
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:
Area:

School Information

Elementary School:
Middle School:
High School:

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.

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© 2026 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Rosekrans Stines Team | RE/MAX Concepts. Data last updated: 2026-10-16T18:42:39.723.
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535 8th Avenue Marion, IA 52302

  • Price: $154,900
  • Status: Closed
  • On Site: 237 Days
  • Updated: 117 min ago
  • MLS #: 2601194
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1,600
SQFT
$90
$/SQFT
1900
Built
Neighborhood:
Marion
County:
Linn
Area:
Marion
Elementary School:
Longfellow
Middle School:
Vernon
High School:
Marion
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.
Exterior Features

Construction Materials Frame Wood Siding Foundation Details Block Other Structures Shed(s) Parking Features Parking Space(s) Parking Total 3 Road Responsibility Public Maintained Road

Interior Features

Cooling Central Air Cooling YN Yes Heating Forced Air Gas Hot Water Heating YN Yes Laundry Features In Unit

Property Features

Association YN No Gross Income 14400 Listing Terms Cash Conventional Net Operating Income 10885 Operating Expense 3515 Pets Allowed Yes Possession Close Of Escrow Property Sub Type Multi Family Property Sub Type Additional Multi Family Sewer Public Sewer Tax Annual Amount 2077 Tenant Pays Electricity Gas Water Utilities Separate Meters Water Source Public Zoning Com / Res Zoning Description Com / Res

Listing information © 2026 Cedar Rapids Area Association of REALTORS® Multiple Listing Service.
Listing provided courtesy of Stacey Dlouhy of Keller Williams Legacy Group: 319-423-4139.
© 2026 Cedar Rapids Area Association of REALTORS® Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Rosekrans Stines Team | RE/MAX Concepts. Data last updated: 2026-10-16T18:42:39.723.
 
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Cedar Rapids IA, 52411