Marion, IN Multifamily Homes & Duplexes for Sale

/26
$135,000
- 6 Beds
- 3 Baths
- 2,558 Sq Ft
815 W 3rd St, Marion, IN 46952

Looking for a solid investment property? This well-maintained triplex is fully rented and generating income from day one! Each of the three units offers steady cash flow, and the property includes a detached garage already metered and ready to be converted into a 4th rental unit—unlocking even more earning potential.

Kylie Sonner Nicholson Realty 2.0 LLC

815 W 3rd St, Marion, IN 46952
/29
$214,900
- 5 Beds
- 2 Baths
- 3,248 Sq Ft
1005 W Spencer Ave, Marion, IN 46952

Have you ever dreamed of living on the tree lined street of Spencer Ave in one of the beautiful old Victorian Homes? Here is your opportunity! This home has been converted to a duplex but with some small changes it could be converted back to a single family home! This beautiful home has been well taken care of and is move in ready! Do you need bedrooms this home has the chance to offer 5-6

Cyndi Reneau Moving Real Estate

1005 W Spencer Ave, Marion, IN 46952
/11
$75,000
- 3 Beds
- 3 Baths
- 1,985 Sq Ft
215 W 7th St, Marion, IN 46953

Great Investment Opportunity! This duplex has been vacant for over a year and is ready for your vision and updates. One side features 2 bedrooms and 2 full bathrooms, offering spacious living potential, while the other side includes 1 bedroom and 1 bathroom—perfect for a tenant or guest suite. Whether you're looking to renovate and rent both units or live in one and lease the other, this property

Kayla Poling F.C. Tucker Realty Center

215 W 7th St, Marion, IN 46953
/20
$280,000
- 6 Beds
- 2 Baths
1024 W 5th St, Marion, IN 46953

Unlock the potential of this multi-unit property! This is an excellent chance for investor to acquire a property with strong income-generating possibilities. Property Highlights: - 3 Units generating currently $2500/month - Tenants pay all utilities expect water/sewer - Offer various unit sizes - High rental demand area

Justin Lowe Ellsbury Commerical Group

1024 W 5th St, Marion, IN 46953
/9
$70,000
- 3 Beds
- 2 Baths
- 4,788 Sq Ft
917 S Miller Ave, Marion, IN 46953

Amazing opportunities with this beautiful building !! Brick structure in excellent condition would be ideal to remodel into apartments or room for a very large family. 7 rooms on 1st floor, 7rooms on 2nd floor, 2 full baths, full basement. Property has 7 city lots included plus paved alley.

Kayla Poling F.C. Tucker Realty Center

917 S Miller Ave, Marion, IN 46953
/7
$94,900
- 4 Beds
- 2 Baths
- 1,740 Sq Ft
617 W 5th St, Marion, IN 46953

This duplex has 2 bedrooms on the main level and also on the upper units. Main level has laundry hook up. Per previous MLS Sheet, property has newer roof, furnace and guttering. There is 1 meter for gas, electric and water. Owner pays all utilities. Main level rent is $1000/monthly and part of the TBRA rental assistance program. And 2nd level unit is vacant (should rent for $850 to

Linda Kitts Kitts Realty

617 W 5th St, Marion, IN 46953
/19
$82,000
- 3 Beds
- 2 Baths
- 1,424 Sq Ft
624 N Washington St, Marion, IN 46952

DUPLEX ! Great Investment ! Lots Of Storage Space And Built In Cabinet Space ! Beautiful Original Hardwood Floors Throughout The Home ! French Doors That Lead To A Great Size Dinning Room Or Could Be Used For An Office !! Upstairs Offers Vinyl Flooring With Built Ins Through Out ! Large Living Room Area !! With Some TLC This Could Be A Great Investment Opportunity !! Both units are rented !!

Kayla Poling F.C. Tucker Realty Center

624 N Washington St, Marion, IN 46952
/11
$85,000
- 4 Beds
- 2 Baths
- 1,352 Sq Ft
321 E Grant St, Marion, IN 46952

This Is A Great Investment Opportunity Close To Downtown Marion And Walking Distance To The YMCA ! Apartment A Has 2 Bedrooms Could Be Used As 3 or Office And 1 Bath, Unfinished Basement ! Beautiful Hardwood Floors Through Out The House, New Countertops, New Flooring In The Kitchen, Gorgeous French Doors ! Washer and Dryer Hook Up, Appliances Remain, Electric Stove, Refrigerator, Gas-Furnace,

Kayla Poling F.C. Tucker Realty Center

321 E Grant St, Marion, IN 46952
/21
$159,900
- 1 Bed
- 1 Bath
2516 S Washington St, Marion, IN 46953

Mark Jones PMI Midwest

2516 S Washington St, Marion, IN 46953

Indiana Marion

Why Live in Marion

Marion, IN, is a town with a rich industrial history and a strong community spirit, home to nearly 30,000 residents. Once an industrial hub, Marion still hosts major employers like GM Marion, the university, and the hospital. The town has a vibrant local business scene supported by business incubators and entrepreneur networks. The Mississinewa Riverwalk, stretching over 2 miles, connects several parks, including Charles Mill Park and Fitness Center, and ends at Matter Park, the city’s oldest and largest park. Matter Park is a focal point for community events, such as the winter Walkway of Lights and the annual War of 1812 Reenactment. The Marion Municipal Airport hosts the Fly/In Cruise/In event every August, showcasing vintage aircraft and vehicles. Marion Community Schools offer diverse academic pathways, including an aviation program at Marion High School. The town also has a strong arts heritage, being the birthplace of James Dean and Jim Davis, creator of Garfield. Housing options range from historic Nationals near downtown to Cape Cods, ranch-style homes, and New Traditional and Colonial Revivals in Shady Hills. Downtown Marion features historic brick Italianate buildings with local restaurants and shops, while Western Avenue is lined with supermarkets and big box stores. Public transportation is available through the City of Marion Transit System, connecting residents to major employers and essential services.

Learn more about living in Marion

Home Trends in Marion, IN

On average, homes in Marion, IN sell after 24 days on the market compared to the national average of 70 days. The median sale price for homes in Marion, IN over the last 12 months is $145,000, down 26% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$145,000

Median Single Family Sale Price

$184,000

Average Price Per Sq Ft

$97

Number of Homes for Sale

Last 12 months Home Sales

Months of Supply

0.30

Median List Price

$205,500

Median Change From 1st List Price

Median Home Sale Price YoY Change

-26%

How to Buy a Home How to Finance a Home How to Sell a Home

In Marion, there are currently 9 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes priced between $70,000 to $280,000, there's a range to accomodate every budget. As of July, 2025 the median home price in Marion is $205,500, while the average sale price is $195,474, offering insights into the local housing market. On average, multi-family homes spend 24 days listed before being sold. Multi-family homes include a variety of property types, from duplexes, triplexes, and fourplexes, to apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're considering a duplex for a beginner investment or an apartment complex for a more substantial venture, there are investment properties available to meet your requirements. Explore the range of multi-family homes for sale in Marion, IN.

Marion Types of Homes for Sale

More About Living in Marion

Homes in Nearby Neighborhoods

Garfield Homes for Sale

Homes in Nearby Counties

Grant County Homes for Sale

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