535 8th Ave Marion, IA 52302
Marion AreaEstimated payment $1,047/month
Highlights
- No HOA
- Shed
- Hot Water Heating System
- Francis Marion Intermediate School Rated 9+
- Forced Air Heating and Cooling System
- Wood Siding
About This Home
Investor opportunity with major improvements completed! This well-maintained Marion up/down duplex features a 2BR/1BA lower unit and 1BR/1BA upper unit, both occupied by established month-to-month tenants. Recent improvements include a repaired/re-supported main structural support, updated deck stairs and rear handrail, secured A/C electrical box, newer roof, and a new sewer line scheduled for installation. The property has also passed its recent rental permit inspection. Most utilities are separately metered and tenant-paid, with tenants also handling lawn and snow care. Shared furnace is controlled by the lower unit. Conveniently located near downtown Marion, this income-producing property offers immediate rental income with future value-add potential for its next owner.
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
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 | $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
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 |
|---|---|---|---|---|
| 04/26/2026 04/26/26 | Price Changed | $154,900 | -3.1% | $97 / Sq Ft |
| 02/20/2026 02/20/26 | For Sale | $159,900 | -- | $100 / Sq Ft |
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 | $77,500 | None Available | |
| Warranty Deed | -- | None Available | |
| Legal Action Court Order | -- | None Available |
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 |
|---|---|---|---|
| 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
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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
- 500 5th Ave
- 1038 7th Ave Unit 1
- 1107 7th Ave
- 830 Blairs Ferry Rd
- 648 Marion Blvd
- 2280 Geode St
- 600 Bentley Dr
- 2274 5th Ave
- 1020 Twixt Town Rd NE Unit 5
- 119 Southview Dr Unit F
- 1050 Twixt Town Rd NE Unit 9
- 810-830 Bridgit Ln SE
- 1197 Blairs Ferry Rd
- 275 S 21st Street Ct
- 4580 Tama St SE
- 1241 Grand Ave
- 1200 Meadowview Dr
- 3190 8th St Unit 3
- 4013 Westover Rd SE Unit 4013-2
- 2251 Pleasantview Dr
Ask me questions while you tour the home.