535 8th Ave Marion, IA 52302
Estimated payment $1,014/month
Highlights
- No HOA
- Shed
- Hot Water Heating System
- Marion High School Rated A-
- Forced Air Heating and Cooling System
- Wood Siding
About This Home
Investor opportunity in Marion! This up/down well maintained duplex features a 2BR/1BA lower unit and 1BR/1BA upper unit with long-term tenants. Most utilities are separated for simplified management and tenants pay all utilites. Exterior improvements include a newer roof (post-deracho repair), shared driveway has new gravel as well as parking in the back and fresh scraping and paint. Shared furnace is functional with heat controlled by the lower unit. Parking available behind the property. Tenants manage snow/lawn care. Just a short distance from all things Marion, this is solid investment property!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,077
Year Built
- Built in 1900
Home Design
- 1,600 Sq Ft Home
- Block Foundation
- Frame Construction
- Wood Siding
Schools
- Longfellow Elementary School
- Vernon Middle School
- Marion High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Hot Water Heating System
Additional Features
- Laundry in unit
- Shed
- 7,492 Sq Ft Lot
Listing and Financial Details
- Assessor Parcel Number 14-01-1-31-006-0-0000
Community Details
Overview
- No Home Owners Association
- 2 Units
Pet Policy
- Pets Allowed
Building Details
- Operating Expense $3,515
- Gross Income $14,400
- Net Operating Income $10,885
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 |
|---|---|---|---|---|
| 2025 | $2,022 | $171,100 | $15,200 | $155,900 |
| 2024 | $2,416 | $107,700 | $15,200 | $92,500 |
| 2023 | $2,416 | $107,700 | $15,200 | $92,500 |
| 2022 | $2,334 | $108,600 | $15,200 | $93,400 |
| 2021 | $1,996 | $108,600 | $15,200 | $93,400 |
| 2020 | $1,996 | $88,300 | $15,200 | $73,100 |
| 2019 | $1,846 | $81,900 | $15,200 | $66,700 |
| 2018 | $1,804 | $81,900 | $15,200 | $66,700 |
| 2017 | $1,776 | $78,700 | $15,200 | $63,500 |
| 2016 | $1,750 | $78,700 | $15,200 | $63,500 |
| 2015 | $1,744 | $78,700 | $15,200 | $63,500 |
| 2014 | $1,744 | $78,700 | $15,200 | $63,500 |
| 2013 | $1,676 | $78,700 | $15,200 | $63,500 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/20/2026 02/20/26 | For Sale | $159,900 | -- | $100 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Warranty Deed | $77,500 | None Available | |
| Legal Action Court Order | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $58,425 | New Conventional | |
| Previous Owner | $67,200 | Fannie Mae Freddie Mac |
Source: Cedar Rapids Area Association of REALTORS®
MLS Number: 2601194
APN: 14011-31006-00000
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Ask me questions while you tour the home.