3553 S Boots St Marion, IN 46953
South Marion NeighborhoodEstimated payment $1,108/month
About This Home
Unlock your financial future with this exceptional, cash-flowing triplex in a thriving Marion, Indiana market. Perfect for seasoned investors looking to expand their portfolio or a first-time investor seeking a powerful house-hacking opportunity, this property is a turnkey solution for building wealth. Investment Highlights: Immediate Positive Cash Flow: This triplex is a rare find, generating income from day one with its fully rented units. Multiple Income Streams: With three separate units, your investment is diversified, reducing the risk of vacancy and providing consistent, reliable income. Ideal for House Hacking: Live in one unit while your tenants pay down the mortgage on the other two, dramatically reducing or even eliminating your housing costs. Strong Local Rental Market: Marion, IN is a seller's market with increasing home values and strong demand for rentals, ensuring your property remains a valuable asset. Built-in Equity Growth: As your tenants' rent payments cover the mortgage, you'll be building equity every month, creating a powerful long-term wealth-building engine. Strategic Location: Situated in a desirable Marion neighborhood, the property is close to local amenities, schools, and major employers, making it highly attractive to quality tenants.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,888
Year Built
- Built in 1945
Home Design
- Triplex
- Brick Exterior Construction
- Stone
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Additional Features
- 1-Story Property
- 8,580 Sq Ft Lot
- Window Unit Cooling System
Listing and Financial Details
- The owner pays for not applic
- Tax Lot 474
- Assessor Parcel Number 270718402165000002
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,888 | $94,400 | $9,800 | $84,600 |
| 2023 | $1,808 | $90,400 | $9,800 | $80,600 |
| 2022 | $1,698 | $84,900 | $9,800 | $75,100 |
| 2021 | $762 | $38,100 | $9,500 | $28,600 |
| 2020 | $494 | $24,700 | $9,500 | $15,200 |
| 2019 | $436 | $22,200 | $9,500 | $12,700 |
| 2018 | $444 | $22,200 | $9,500 | $12,700 |
| 2017 | $444 | $22,200 | $9,500 | $12,700 |
| 2016 | $444 | $41,500 | $9,500 | $32,000 |
| 2014 | $880 | $44,000 | $9,500 | $34,500 |
| 2013 | $880 | $46,400 | $9,500 | $36,900 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/16/2025 09/16/25 | Pending | -- | -- | -- |
| 08/07/2025 08/07/25 | For Sale | $180,000 | +1100.0% | -- |
| 04/15/2016 04/15/16 | Sold | $15,000 | -9.1% | $10 / Sq Ft |
| 03/22/2016 03/22/16 | Pending | -- | -- | -- |
| 03/11/2016 03/11/16 | For Sale | $16,500 | -- | $11 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $35,000 | -- | |
| Deed | $45,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $182,000 | Stand Alone Refi Refinance Of Original Loan |
Source: MIBOR Broker Listing Cooperative®
MLS Number: 22055419
APN: 27-07-18-402-165.000-002
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.
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.
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