$375,000
SOLD JUL 31, 2026
3 Beds
4 Baths
-- Sq Ft
0.4 Acre Lot

Sale Details

Date Sold: July 31, 2026

$0 Per Sq Ft

16 Days on Market

Highlights

  • Brick or Stone Mason
  • Living Room
  • Forced Air Heating and Cooling System
  • Francis Marion Intermediate School Rated 9+
  • Property is near schools and shops

About This Home

As of July 2026

Rare opportunity describes this investment property located just two blocks North of Marion’s City Square and thriving downtown. Fully occupied, this property has a large commercial space and storefront on the main floor and three residential units on the top floor. The lower level includes on-site laundry, storage, and a half bath. The main floor commercial space currently houses Janna McCalley Interiors and has been almost entirely renovated into a stunning design studio and store. The second floor includes two, one bedroom, one bath units and a studio apartment. Rents are currently set at $750 per month each for the one bedroom units; $500 for the studio apartment; and $1,334 per month for the main floor commercial space. On-site laundry generates some additional income. The lower-level secure storage room is an opportunity for additional income as well and has been rented in the past. Parking is currently included in the rent. This building has been quite well-maintained and improved by the current owners. More information available upon request.

Last Agent to Sell the Property

Cory Rath

Skogman Realty Co. Listed on: 05/27/2026

Skogman Realty Co.

Last Buyer's Agent

Angie Glick

GLD Commercial Real Estate Advisors

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Parking

  • 4 Parking Spaces

Home Design

  • Brick or Stone Mason

Interior Spaces

  • Living Room
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Oven or Range

Location

  • Property is near schools and shops

Schools

  • Longfellow Elementary School
  • Vernon Middle School
  • Marion High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 15062-30007-00000

Community Details

Overview

  • 4 Units

Building Details

  • Electric Expense $180
  • Insurance Expense $4,800
  • Maintenance Expense $4,500
  • Water Sewer Expense $920

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0.4 Acres

Listing Details

  • Property Type: MULTI-FAMILY
  • Type: Multi-Family
  • Photo Code: Broker Loaded
  • Remarks: Rare opportunity describes this investment property located just two blocks North of Marion’s City Square and thriving downtown. Fully occupied, this property has a large commercial space and storefront on the main floor and three residential units on the top floor. The lower level includes on-site laundry, storage, and a half bath. The main floor commercial space currently houses Janna McCalley Interiors and has been almost entirely renovated into a stunning design studio and store. The second floor includes two, one bedroom, one bath units and a studio apartment. Rents are currently set at $750 per month each for the one bedroom units; $500 for the studio apartment; and $1,334 per month for the main floor commercial space. On-site laundry generates some additional income. The lower-level secure storage room is an opportunity for additional income as well and has been rented in the past. Parking is currently included in the rent. This building has been quite well-maintained and improved by the current owners. More information available upon request.
  • Year Built: 1968
  • Rental Permit: Yes
  • Water Annually: 920
  • Directions: From 10th St, east on 9th Ave
  • Amenities: Sidewalks, Close to School, Close to Shopping
  • Basement Remarks: Full, Unfinished
  • Possession R: 30-60 Days
  • Possible Finance R: Cash, Conventional
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Range/Oven, Refrigerator

Exterior Features

  • Construction: Brick

Garage/Parking

  • Parking Spaces: 4 or More Cars

Utilities

  • Internet: Yes
  • Water Sewer: City Sewer, City Water
  • Electric Annually: 180
  • Heating Cooling: Gas, Central, Forced Air

Schools

  • High School: Marion
  • Jr Middle School: Vernon
  • Elementary School: Longfellow

Lot Info

  • Geo Subdivision: IA
  • Lot Dimensions: Irr
  • Zoning: Commercial

Tax Info

  • Assessor Parcel Number: 15062-30007-00000

Multi Family

  • Units Total: 4

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2021
Closed on
Sep 12, 2021
Sold by
Franklin-Meridian Inc
Bought by
Seller's Agent
Larry Stevenson
Realty87
Buyer's Agent
Cory Rath
SKOGMAN REALTY
List Price
$300,000
Sold Price
$310,000
Premium/Discount to List
$10,000
3.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.65%
Original Mortgage
$60,000
Interest Rate
7%
Mortgage Type
New Conventional
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Marion, IA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed $310,000 None Listed On Document
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Closed $60,000 New Conventional
Open $250,000 New Conventional
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/31/2026 07/31/26 Sold $375,000 0.0% --
06/12/2026 06/12/26 Pending -- -- --
05/27/2026 05/27/26 For Sale $375,000 +21.0% --
09/14/2021 09/14/21 Sold $310,000 +3.3% -- View Prior Sale
07/19/2021 07/19/21 Pending -- -- --
05/11/2021 05/11/21 For Sale $300,000 0.0% --
04/10/2021 04/10/21 Pending -- -- --
03/31/2021 03/31/21 For Sale $300,000 -- --
Source: Iowa City Area Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $4,538 $277,200 $39,400 $237,800
2024 $5,656 $241,800 $39,400 $202,400
2023 $5,656 $241,800 $39,400 $202,400
2022 $5,908 $254,200 $30,600 $223,600
2021 $6,376 $254,200 $30,600 $223,600
2020 $6,376 $245,430 $16,830 $228,600
2019 $6,060 $222,230 $16,830 $205,400
2018 $6,150 $222,230 $16,830 $205,400
2017 $6,150 $200,660 $18,360 $182,300
2016 $7,533 $200,660 $18,360 $182,300
2015 $7,903 $220,900 $30,600 $190,300
2014 $5,398 $220,900 $30,600 $190,300
2013 $7,272 $220,900 $30,600 $190,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Iowa City Area Association of REALTORS®

MLS Number: 202603443

Iowa City Area Association of REALTORS®

APN: 15062-30007-00000

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