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Marion Multifamily Home for Sale

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    $599,000

    • 3,730 Sq Ft

    226 E Washington St, Rensselaer, IN 47978

    ***Investment Opportunity*** ***Immediate Passive Income***Great opportunity to expand your real estate portfolio with this completely remodeled 4 unit. Enjoy the benefits of passive income for years to come! Every inch of this property has been remodeled with quality work, craftsmanship, and high end materials and finishes, including spray foam insulation, energy star windows, high efficiency

    Trisha Potts RE/MAX Executives

    226 E Washington St, Rensselaer, IN 47978

Why Live in Marion

Marion, a neighborhood in Rensselaer, Indiana, features a mix of Cape Cods, cottages, Folk-style homes, and American Foursquares, with some converted into multifamily properties. Ranch-style and split-level homes with two-car garages are found further from the center, while farmhouses and large tracts of land are available but rare. The area is served by the Rensselaer Central Schools Corporation, with Van Rensselaer Elementary School and Rensselaer Central Middle School both receiving high ratings. Parks like Bicentennial, Iroquois, and Potawatomi are connected by a walking trail along the Iroquois River, and Brookside Park hosts baseball tournaments. Foundation Park is popular for Saturday morning soccer games. For indoor activities, Fountain Stone Theaters offers daily screenings, and Bazz's Roller Rink has been a weekend staple for over 70 years. Downtown Rensselaer boasts locally owned businesses, including eMbers Station Bistro & Bar and Fenwicks Farms Brewing Company. The Rensselaer Public Library serves as a community hub with various activities, and the JC Cruisers car club hosts an annual summer event at Brookside Park. The Jasper County Fair in July features fair food, a demolition derby, and live music. Residents can use the Jasper County Community Service bus for transportation, and Amtrak’s Cardinal line stops at Rensselaer Station. Major surgeries are typically handled in Merrillville or Lafayette, though Franciscan Health Rensselaer provides emergency services. The neighborhood has a lower crime risk compared to the national average, contributing to its appeal for potential homebuyers.

Home Trends in Marion, IN

Housing Trends

Median Sale Price
$399,500
Median Single Family Sale Price
$316,000
Median Townhouse Sale Price
$950,000
Median 1 Bedroom Sale Price
$155,000
Average Price Per Sq Ft
$235
Number of Homes for Sale
9
Last 12 months Home Sales
95
Months of Supply
1.10
Median List Price
$320,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-6%
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