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535 8th AvenueMarion, IA 52302

Multi-Family · 1,600 Sq. ft. | 0.17 Acres
$154,900 Active

535 8th Avenue Overview

Time on Site:
129 days
Visits:
50

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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535 8th Avenue Facts & Features

  • Type Multi-Family
  • Sq. ft. 1,600
  • Price/Sq.ft. $97
  • Lot 0.17 Acres

Details

General

Association/HOA

  • Association: false

School Information

  • Elementary School: Longfellow
  • Middle Or Junior School: Vernon
  • High School: Marion

Income/Expenses

  • Gross Income: 14400.0
  • Net Operating Income: 10885.0
  • Operating Expense: 3515.0

Building Information

  • Year Built: 1900

Location/Region

  • County Or Parish: Linn
  • MLS Area Major: Marion
  • Postal City: Marion

Rent/Lease Information

  • Tenant Pays: Electricity,Gas,Water

Tax Information

  • Tax Annual Amount: 2077.0

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: 14-01-1-31-006-0-0000
  • Pets Allowed: Yes
  • Property Sub Type: Multi Family
  • Property Type: Residential
  • Zoning: Com/Res

Interior

Beds/Baths

  • Bathrooms Total: 0

General Information

  • Foundation Details: Block
  • Laundry Features: In Unit
  • Living Area: 1600.0

Exterior

Parking Information

  • Parking Features: Parking Space(s)
  • Parking Total: 3.0

Lot Information

  • Lot Size Acres: 0.172
  • Lot Size Area: 0.172
  • Lot Size Dimensions: 7405
  • Lot Size Units: Acres
  • Road Responsibility: Public Maintained Road
  • Water Source: Public

Building Exterior/Construction

  • Construction Materials: Frame,Wood Siding

General Information

  • Number Of Units Total: 2
  • Other Structures: Shed(s)
  • Sewer: Public Sewer
  • Utilities: Separate Meters

535 8th Avenue Neighborhood

Community

52302 (Marion) Demographics

39
Median Age
562
Population Density (per sq. mile)
51%
College Educated
$74,630
Estimated Median Income
12,712
Estimated Total Home Owners
3,710
Estimated Total Renters
77% / 23%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

535 8th Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

535 8th Avenue Market Data

Based on the last 30 days in this zip code

$390,295
Average List Price
$173
Average Price per Square Foot
81
Properties Sold
72
Average Days on Market
257
Properties for Sale
Calculations provided by Reliance Network

535 8th Avenue History

Date Event Value Agent
4/27/2026Source: Iowa City MLS Price Increase
$154,900 0.3%
4/26/2026Source: Cedar Rapids Area MLS Price Reduction
$154,900 -3.1%
4/26/2026Source: Iowa City MLS Price Reduction
$154,500 -3.4%
2/26/2026Source: Iowa City MLS Status Change
Active
2/20/2026Source: Iowa City MLS Added to Database
February 20, 2026
2/20/2026Source: Cedar Rapids Area MLS Added to Database
February 20, 2026
Listing provided courtesy of Keller Williams Legacy Group- MLS# 2601194MLS Provider