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Marion, AR Multifamily Home for Sale

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    $169,900

    • 1,798 Sq Ft

    318 Gannt St, Marion, AR 72364

    It is your opportunity to be the owner of an owner-occupied rental property! All electric duplex with total 1798 sq ft (per county record) is available for sale. Each unit is a 2 bedrooms, 1 bath home. Both of them are currently leased, tenant of unit A is vacating end of June for you to use as your primary residence while collecting rent of unit B for income and use it to subsidize your house

    Rita Fong Remax Real Estate Today

    318 Gannt St, Marion, AR 72364

Why Live in Marion

Marion, Arkansas, is a small city with a population of just over 12,000, located across the Mississippi River from Memphis. It serves as a bedroom community for Memphis, with many residents commuting 13 miles east for work. The city is intersected by Interstates 40 and 55, providing easy travel routes. Memphis International Airport is 22 miles southeast, offering over 80 daily flights to various destinations. Marion has a mix of contemporary 21st-century homes in the northern part, traditional Cape Cods near the town center, and midcentury ranch-style houses east of Wylie Spur. The Marion School District is highly rated for its athletics, with championship-winning teams in baseball, football, and volleyball. The city hosts annual events like the Esperanza Bonanza fall festival and the December Mingle and Jingle, adding to the local charm. Points of interest include the Sultana Disaster Museum, Historic Marion Hotel, and Marion Performing Arts Center. For outdoor activities, the Marion Recreational Complex offers walking trails and athletic fields, while Rivertrace Park features a fishing lake. Despite a lack of major retail options, local restaurants thrive, and efforts are underway to attract larger retailers. Marion has seen a decline in violent and property crimes since 2020 and 2022, respectively, making it safer than the national average. Summers are hot and humid, winters are cold and windy, and the city receives about 4 inches of snow annually. Healthcare needs are met by Baptist Memorial Hospital – Crittenden, located 4 miles south in West Memphis, providing emergency and general surgical services.

Home Trends in Marion, AR

Housing Trends

Median Sale Price
$259,500
Median Single Family Sale Price
$275,000
Average Price Per Sq Ft
$139
Number of Homes for Sale
41
Last 12 months Home Sales
188
Months of Supply
2.60
Median List Price
$282,450
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
13%
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