Active

Price cut: $3.4K (8/21)

$45,000

315 N Adams St, Marion, IN 46952

3beds

1,844sqft

N/A

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Duplex

Built in 1959

-- sqft lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Excellent investment opportunity with immediate rental income! This duplex offers approximately 1,844 square feet of living space and is situated on a desirable corner lot. The upper unit features 1 bedroom and 1 full bathroom and is currently tenant-occupied, generating $600 per month in rental income through 1/31/2027. The lower unit is vacant and offers 1 bedroom with the potential for a second bedroom with the addition of a closet, along with 1 full bathroom, making it ideal for an owner-occupant or an additional income-producing rental unit. Additional features include a detached 2-car garage, outdoor space, and the flexibility to maximize cash flow or offset living expenses. Whether you're looking to expand your investment portfolio or seeking a property that allows you to live in one unit while renting the other, this duplex presents a fantastic opportunity with built-in income potential.

75 days
249
19

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 2

Heating

Natural Gas, Forced Air

Cooling

Wall Unit(s), None

Features

Flooring: Laminate, Wood
Basement: Partial,Unfinished,Block

Interior area

Total structure area: 2,244
Total interior livable area: 1,844 sqft
Finished area above ground: 1,844
Finished area below ground: 0

Video & virtual tour

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Property

Parking

Total spaces: 4
Parking features: Detached, Garage, On Street
Garage spaces: 1
Has uncovered spaces: Yes

Features

Levels: Two
Stories: 2

Lot

Size: 8,276 Square Feet
Dimensions: 61X137
Features: Corner Lot, Level

Details

Additional structures: None
Parcel number: 270706101149.000002

Construction

Type & style

Home type: MultiFamily
Architectural style: Traditional
Property subtype: Duplex

Materials

Vinyl Siding
Foundation: Basement
Roof: Asphalt,Shingle

Condition

New construction: No
Year built: 1959

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: None

Location

Region: Marion

Financial & listing details

Tax assessed value: $73,500
Annual tax amount: $1,795
Date on market: 6/15/2026
Listing terms: Cash,Conventional
Inclusions: Building, Land
Lease term: 12 Months
Total actual rent: 7200
Tenant pays: Cable TV, Electricity, Deposit Value

Estimated market value

Not available

Estimated sales range

Not available

$1,037/mo

Price history

Date	Event	Price
8/21/2026	Price change	$45,000-7%
Source: IRMLS #202623416 Report a problem
8/12/2026	Price change	$48,400-7.6%
Source: IRMLS #202623416 Report a problem
7/30/2026	Pending sale	$52,400
Source: IRMLS #202623416 Report a problem
7/14/2026	Price change	$52,400-3.7%
Source: IRMLS #202623416 Report a problem
6/30/2026	Price change	$54,400-5.2%
Source: IRMLS #202623416 Report a problem
6/15/2026	Listed for sale	$57,400+285.2%
Source: IRMLS #202623416 Report a problem
12/10/2020	Sold	$14,900$8/sqft
Source: Agent Provided Report a problem
11/19/2020	Price change	$14,900-50.2%$8/sqft
Source: Nicholson Realty - Marion Branch #202043037 Report a problem
10/23/2020	Listed for sale	$29,900$16/sqft
Source: Nicholson Realty - Marion Branch #202043037 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$1,636 +5.7%	$73,500 -10.1%
2024	$1,548 +10.6%	$81,800 +5.7%
2023	$1,400 +12.4%	$77,400 +10.6%
2022	$1,246	$70,000 +12.4%
2021	--	$62,300 -3.4%
2020	--	$64,500 +8%
2019	--	$59,700
2018	--	$59,700 +1%
2017	--	$59,100 +11.3%
2016	--	$53,100 +1.5%
2014	--	$52,300 -0.9%
2013	--	$52,800 +6%
2012	--	$49,800 +28.7%
2011	--	$38,700
2010	--	$38,700 -0.5%
2009	$172 +110.2%	$38,900 -1.8%
2007	$82	$39,600
2006	--	$39,600 -23.6%
2005	--	$51,800