This property represents a high-yield, low-volatility acquisition opportunity within the stable housing market of Marion, Indiana. Targeted specifically at the workforce housing demographic, this asset is designed to generate consistent, passive cash flow through long-term tenant occupancy. The property's fundamental metrics-a 3-bedroom, 1-bath footprint-place it squarely in the "sweet spot" for local rental demand, ensuring that the property remains competitive against both higher-cost alternatives and lower-quality housing stock. PROPERTY HIGHLIGHTS Rental Demand: The 3-bedroom, 1-bath configuration is a versatile product type, appealing to small families and long-term tenants. Market Trends: Recent data indicates a steady appreciation in rental rates, with 3-bedroom units in the broader Marion area averaging approximately $1,025 per month. Strategic Advantage: The local rental market is bolstered by an affordability ratio significantly more favorable than national averages, minimizing tenant turnover and vacancy risks compared to higher-cost-of-living metros.
42 days
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924
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59
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Zillow last checked:
Listing updated:
Listed by:
Justin Lowe765-401-1122,
Ellsbury Group,
David Orton317-412-1572,
Ellsbury Group
Source: MIBOR as distributed by MLS GRID,MLS#: 22105381
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 3
Bathrooms: 1
Full bathrooms: 1
Main level bathrooms: 1
Main level bedrooms: 3
Primary bedroom
Level: Main
Area: 120 Square Feet
Dimensions: 12x10
Bedroom 2
Level: Main
Area: 120 Square Feet
Dimensions: 12x10
Bedroom 3
Level: Main
Area: 100 Square Feet
Dimensions: 10x10
Kitchen
Level: Main
Area: 182 Square Feet
Dimensions: 14x13
Living room
Level: Main
Area: 150 Square Feet
Dimensions: 10x15
Heating
Electric
Cooling
Central Air
Appliances
Included: Microwave, Water Heater, Refrigerator
Features
Pantry, Walk-In Closet(s)
Has basement: No
Interior area
Total structure area: 876
Total interior livable area: 876 sqft
Property
Features
Levels: One
Stories: 1
Patio & porch: Wrap Around
Has view: Yes
View description: Neighborhood
Lot
Size: 6,098 Square Feet
Details
Parcel number: 270717202179000002
Horse amenities: None
Construction
Type & style
Home type: SingleFamily
Architectural style: Bungalow
Property subtype: Residential, Single Family Residence
Materials
Vinyl Siding
Foundation: Crawl Space
Condition
Updated/Remodeled
New construction: No
Year built: 1900
Utilities & green energy
Water: Public
Community & HOA
Community
Security: Smoke Detector(s)
Subdivision: No Subdivision
HOA
Has HOA: No
Location
Region: Marion
Financial & listing details
Price per square foot: $78/sqft
Tax assessed value: $58,200
Annual tax amount: $1,164
Date on market: 6/1/2026
Cumulative days on market: 44 days
Estimated market value
Zestimate®
Not available
Estimated sales range
Not available
Rent Zestimate®
Not available
Price history
Date
Event
Price
6/8/2026
Price change
$68,000-9.2%$78/sqft
Source: MIBOR as distributed by MLS GRID #22105381Report a problem
6/1/2026
Listed for sale
$74,900$86/sqft
Source: MIBOR as distributed by MLS GRID #22105381Report a problem
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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