$280,000

1024 W 5th St Marion, IN 46953

Garfield Neighborhood

Estimated payment $1,628/month

Total Views 19,747
6 Beds
2 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

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

Listing Agent

Justin Lowe

Ellsbury Commerical Group License #RB19001645 Listed on: 05/12/2025

Co-Listing Agent

David Orton

Ellsbury Commerical Group License #RB14052148

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,138

Year Built

  • Built in 1939

Home Design

  • Triplex

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Bathrooms

Schools

  • John L Mcculloch Junior High Sch
  • Justice Thurgood Marshall Intrmd Middle School

Additional Features

  • 2-Story Property
  • 5,000 Sq Ft Lot
  • Basement

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number 270706302162000002

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,138

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • New Construction: No
  • Tax Year: 2024
  • Year Built: 1939
  • Co List Office Phone: 219-200-5133
  • Lot Size Acres: 0.12
  • On Market Date: 2025-05-12
  • Subdivision Name: No Subdivision
  • Transaction Type: Sale
  • Conversion: No
  • Price Unit: 93333
  • Special Features: None

Interior Features

  • Basement: Yes
  • Levels: Two
  • Total Bathrooms: 2
  • Total Bedrooms: 6

Exterior Features

  • List Price: 280000
  • Road Access: Frontage Road

Utilities

  • Solid Waste: No

Fee Information

  • Expenses: 4720

Schools

  • Middle Or Junior School: John L McCulloch Junior High Sch
  • MBR_IntermediateSchool: Justice Thurgood Marshall Intrmd

Lot Info

  • Lot Size Sq Ft: 5000
  • Parcel Number: 270706302162000002
  • Acres: <1/4 Acre
  • Price Acre: 2333333

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Net Operating Income: 24991
  • Operating Expense: 2920
  • Gross Income: 29712
  • Insurance Expense: 1800
  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 1138
  • Tax Lot: 12
  • Semi Annual Property Tax Amt: 569

Map

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,138 $56,900 $5,300 $51,600
2023 $1,062 $53,100 $5,300 $47,800
2022 $1,026 $51,300 $5,100 $46,200
2021 $622 $31,100 $5,100 $26,000
2020 $622 $31,100 $5,100 $26,000
2019 $622 $31,100 $5,100 $26,000
2018 $622 $31,100 $5,100 $26,000
2017 $622 $31,100 $5,100 $26,000
2016 $622 $31,100 $5,100 $26,000
2014 $1,236 $61,800 $5,100 $56,700
2013 $1,236 $61,900 $5,100 $56,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/06/2025 08/06/25 For Sale $280,000 0.0% --
08/04/2025 08/04/25 Off Market $280,000 -- --
05/12/2025 05/12/25 For Sale $280,000 +1172.7% --
12/02/2014 12/02/14 Sold $22,000 -21.4% $7 / Sq Ft
10/16/2014 10/16/14 Pending -- -- --
07/28/2014 07/28/14 For Sale $28,000 -- $9 / Sq Ft
Source: MIBOR Broker Listing Cooperative®

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- --
Warranty Deed -- None Available
Warranty Deed -- None Available
Special Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $44,910 New Conventional
Previous Owner $25,000 Future Advance Clause Open End Mortgage
Previous Owner $8,500 Future Advance Clause Open End Mortgage
Source: Public Records

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Source: MIBOR Broker Listing Cooperative®

MLS Number: 22037040

MIBOR Broker Listing Cooperative®

APN: 27-07-06-302-162.000-002

Indiana Grant County Marion 46953 Garfield

1024 W 5th St, Marion, IN

This home is located at 1024 W 5th St, Marion, IN 46953 and is currently priced at $280,000. This property was built in 1939. 1024 W 5th St is a home located in Grant County with nearby schools including John W. Kendall Elementary School, John L. McCulloch Junior High School, and Justice Thurgood Marshall Intermediate School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIBOR Broker Listing Cooperative® Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

Nearby Homes
Justin Lowe
Listing Agent
Justin Lowe
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Ellsbury Commerical Group
(765) 279-1042