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535 8th Avenue

Marion, IA 52302
  • $154,900
  • STATUS: Active
  • ON SITE: 109 Days
  • MLS #: 2601194
UPDATED: 98 min ago
$154,900
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,600
    SQFT
  • $97
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

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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© 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: 2026-06-10T13:42:39.763.
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535 8th Avenue Marion, IA 52302

  • Price: $154,900
  • Status: Active
  • On Site: 109 Days
  • Updated: 98 min ago
  • MLS #: 2601194
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1,600
SQFT
$97
$/SQFT
1900
Built
Neighborhood:
Marion
County:
Linn
Area:
Marion
Elementary School:
Longfellow
Middle School:
Vernon
High School:
Marion
Property Description
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.
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: 2026-06-10T13:42:39.763.
 
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