$315,000

350 & 352 3rd Ave Marion, IA 52302

Estimated payment $1,993/month

Total Views 86
-- Bed
-- Bath
2,208 Sq Ft
$143 Price per Sq Ft

Highlights

  • Deck
  • No HOA
  • Forced Air Heating and Cooling System
  • Starry Elementary School Rated A-
  • Patio
  • 3-minute walk to Thomas Park

About This Home

INVESTOR ALERT! This is a superb side-by-side two-story duplex that is conveniently located close to Parkview Elementary School & Thomas Park. 350 has 2 bedrooms, 1.5 bathrooms, a 1-stall garage, & 1 gravel off-street parking spot. 350 is currently leased at $1,145/mo through May 31, 2026. 352 has 3 bedrooms, 1.5 bathrooms, a 1-stall garage, & 2 gravel off-street parking spots. 352 is currently leased at $1,385/mo through August 31, 2026. The property has been well-maintained; recent improvements include rock landscaping, new windows, water heater, & refrigerator in 352 & new water softener & garbage disposal in 350. Plus, if you're really looking to expand your portfolio, take a look at 310/320 4th St right next to this property - the two properties compliment each other very well!

Listing Agent

Molly Trimble

LEPIC-KROEGER CORRIDOR, REALTORS Listed on: 11/14/2025

LEPIC-KROEGER CORRIDOR, REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,996

Year Built

  • Built in 1987

Lot Details

  • 7,841 Sq Ft Lot
  • Lot Dimensions are 125x62.5

Parking

  • Garage

Home Design

  • Frame Construction
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 2,208 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Laundry in unit

Outdoor Features

  • Deck
  • Patio

Schools

  • Parkview Elementary School
  • Vernon Middle School
  • Marion High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 14011-54009-00000

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Pet Policy

  • Pets Allowed

Building Details

  • Operating Expense $6,999
  • Gross Income $30,360
  • Net Operating Income $23,361

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,996

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub-Type: Multi Family
  • ResoLaundryFeatures: In Unit
  • Lot Size Acres: 0.18
  • Reso Pets Allowed: Yes
  • Co List Office Phone: 319-351-8811
  • MLS Status: Active
  • Directions: Marion Blvd to 1st St to 3rd Ave, private alley to park is off of 4th St
  • Year Built: 1987
  • Property Sub Type Additional: Multi Family
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Basement: Yes

Exterior Features

  • Construction Type: Frame, Vinyl Siding, Wood Siding
  • Patio And Porch Features: Deck, Patio

Garage/Parking

  • Attached Garage: Yes
  • Parking Features: Parking Space(s)
  • Total Parking Spaces: 5.0

Utilities

  • Utilities: Separate Meters
  • Sewer: Public Sewer
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air, Gas
  • HeatingYN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Elementary School: Parkview
  • High School: Marion
  • Middle Or Junior School: Vernon

Lot Info

  • Lot Dimensions: 125x62.5
  • ResoLotSizeUnits: Acres
  • Parcel Number: 14011-54009-00000

Multi Family

  • Gross Income: 30360.0
  • Net Operating Income: 23361.0
  • Number Of Units Total: 2
  • Annual Operating Expense: 6999.0
  • Tenant Pays: Electricity, Gas, Water

Tax Info

  • Tax Annual Amount: 3996.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/14/2025 11/14/25 For Sale $315,000 -- $143 / Sq Ft
Source: Cedar Rapids Area Association of REALTORS®

Source: Cedar Rapids Area Association of REALTORS®

MLS Number: 2509242

Cedar Rapids Area Association of REALTORS®
Iowa Linn County Marion 52302

350 & 352 3rd Ave, Marion, IA

For Sale

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Molly Trimble
Listing Agent
Molly Trimble
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LEPIC-KROEGER CORRIDOR, REALTORS
(319) 254-5854