Pending

$154,900

535 8th Ave, Marion, IA 52302

--beds

--baths

1,600sqft

$1,223/mo

Get pre-qualified

Multi Family

Built in 1900

-- sqft lot

$-- Zestimate^®

$97/sqft

$-- HOA

What's special

Newer roof

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.

6 days
187
9

Facts & features

Interior

Heating

Forced Air, Gas, Hot Water

Cooling

Central Air

Appliances

Laundry: In Unit

Interior area

Total interior livable area: 1,600 sqft

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 3
Parking features: Parking Space(s)

Lot

Size: 7,492 Square Feet
Dimensions: 7405

Details

Additional structures: Shed(s)
Parcel number: 140113100600000
Zoning: Com/Res
Zoning description: Com/Res

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Frame, Wood Siding
Foundation: Block

Condition

Year built: 1900

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Separate Meters

Community & HOA

HOA

Has HOA: No

Location

Region: Marion

Financial & listing details

Price per square foot: $97/sqft
Tax assessed value: $171,100
Annual tax amount: $2,077
Date on market: 2/20/2026
Listing terms: Cash,Conventional
Tenant pays: Electricity, Gas, Water

Estimated market value

Not available

Estimated sales range

Not available

$1,137/mo

Price history

Date	Event	Price
10/9/2026	Pending sale	$154,900$97/sqft
Source: CRAAR, CDRMLS #2601194 Report a problem
10/3/2026	Listed for sale	$154,900$97/sqft
Source: CRAAR, CDRMLS #2601194 Report a problem
9/21/2026	Listing removed	$154,900$97/sqft
Source: CRAAR, CDRMLS #2601194 Report a problem
4/26/2026	Price change	$154,900-3.1%$97/sqft
Source: CRAAR, CDRMLS #2601194 Report a problem
2/20/2026	Listed for sale	$159,900+106.3%$100/sqft
Source: CRAAR, CDRMLS #2601194 Report a problem
3/15/2011	Sold	$77,500$48/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$2,078 +2.8%	$171,100 +58.9%
2024	$2,022 -16.3%	$107,700
2023	$2,416 +3.5%	$107,700 -0.8%
2022	$2,334 +16.9%	$108,600
2021	$1,996 +2.1%	$108,600
2020	$1,954 +5.9%	--
2019	$1,846	$88,300 +7.8%
2018	$1,846 +2.3%	$81,900 +4.1%
2017	$1,804 +1.6%	$78,700
2016	$1,776 +1.5%	$78,700
2015	$1,750 +0.3%	$78,700
2014	$1,744 +4.1%	$78,700
2013	$1,676 +2.6%	$78,700 -6%
2012	$1,634	$83,736
2011	--	$83,736 -1.9%
2010	$1,382	$85,366 +0.6%
2008	--	$84,898 +3.5%
2007	--	$82,018 +5%
2005	--	$78,112 +5%
2004	--	$74,392
2003	--	$74,392 +5%
2002	--	$70,850
2001	--	$70,850 +7%
2000	--	$66,215