Sold for $50,000

$50,000

1603 W Spencer Ave, Marion, IN 46952

11beds

2,996sqft

MultiFamily

Built in 1920

-- sqft lot

$-- Zestimate^®

$17/sqft

$809 Estimated rent

Home value

Not available

Estimated sales range

Not available

$809/mo

Zestimate^® history

Owner options

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$809/mo

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$809/mo

Rent Zestimate^®

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$243/mo

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$243/mo

Est. payment

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What's special

Common roomLaundry roomStudio apartmentsShared bathroomLaundry and utility room

1 apartment has been completed its considered a 1 bedroom full bath with laundry and utility room. It has 2 units that are almost finished as studio apartments. 3 rental rooms with a shared bathroom Has the bottom down stairs section seperated and would be a 2 bedroom apartment or added 2 sleeping rooms with a common room and laundry room 2nd bathroom and kitchen. Has been used as a Rooming House since 1959. Owner might consider a Land Contract - SOLD AS IS

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 11
Bathrooms: 4
Full bathrooms: 4

Heating

Baseboard, Forced air, Other, Stove, Electric, Gas

Cooling

Central, Other

Appliances

Included: Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Washer

Features

Flooring: Softwood, Carpet, Hardwood, Laminate, Linoleum / Vinyl
Basement: None
Has fireplace: No

Interior area

Total interior livable area: 2,996 sqft

Property

Parking

Total spaces: 1
Parking features: None, Garage

Features

Exterior features: Other
Has view: Yes
View description: City

Lot

Size: 6,204 Square Feet

Details

Parcel number: 270601103075000008

Construction

Type & style

Home type: MultiFamily

Materials

Frame
Foundation: Crawl/Raised
Roof: Asphalt

Condition

Year built: 1920

Community & HOA

Location

Region: Marion

Financial & listing details

Price per square foot: $17/sqft
Tax assessed value: $88,500
Annual tax amount: $904

Price history

Date	Event	Price
12/3/2025	Listing removed	--
Source: Owner Report a problem
9/4/2025	Listed for sale	$70,000+40%$23/sqft
Source: Owner Report a problem
11/25/2024	Sold	$50,000+100%$17/sqft
Source: Public Record Report a problem
3/29/2022	Sold	$25,000-49.9%$8/sqft
Source: Public Record Report a problem
6/9/2015	Listing removed	$49,900$17/sqft
Source: RE/MAX Realty One #201514354 Report a problem
4/10/2015	Listed for sale	$49,900+99.6%$17/sqft
Source: RE/MAX Realty One #201514354 Report a problem
9/22/2014	Listing removed	$25,000$8/sqft
Source: F.C. Tucker Marion Realty #201437665 Report a problem
8/27/2014	Listed for sale	$25,000$8/sqft
Source: F.C. Tucker Marion Realty #201437665 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$904 +40%	$88,500 +78.4%
2024	$646 -30%	$49,600 +3.1%
2023	$922 +13%	$48,100 +4.3%
2022	$816 +1.2%	$46,100 +13%
2021	$806 +3.9%	$40,800 +1.2%
2020	$776 -31.2%	$40,300 +3.9%
2019	$1,129 +50.5%	$38,800 +8.4%
2018	$750 -42.7%	$35,800 -4.5%
2017	$1,310 +52.7%	$37,500 -10.5%
2016	$858 -6.3%	$41,900 -8.5%
2014	$916 -7.5%	$45,800 -7.5%
2013	$990 +18.4%	$49,500 +4.9%
2012	$836 -9.9%	$47,200 -3.1%
2011	$928 -6.4%	$48,700 -1.6%
2010	$992 +9%	$49,500
2009	$910 -42.9%	$49,500 +2.5%
2007	$1,594	$48,300 -21.8%
2006	--	$61,800 +5.6%
2005	--	$58,500