Images
Request Info- 1st floor kitchen
- 1st floor bedroom One
- 1st floor bedroom One
- 1st floor bathroom
- 1st floor bedroom One
- 1st floor living room
- 1st floor living room
- 1st floor bedroom Two
- Basement w/1st floor access
- Basement w/1st floor access
- Basement w/1st floor access
- Common area
- 2nd floor bathroom
- 2nd floor kitchen
- 2nd floor bedroom
- 2nd floor living room
- 2nd floor living room
$154,900
Active
535 8th Avenue Overview
- Time on Site:
- 129 days
- Visits:
- 50
Investor opportunity in Marion! This well-maintained up/down duplex offers immediate income potential with a 2BR/1BA lower unit and 1BR/1BA upper unit, both occupied by long-term tenants. A recent rental permit inspection was completed this past week, ensuring a smooth and compliant transition for the next owner. Most utilities are separately metered and paid by tenants, supporting simplified expense management. Recent exterior improvements include a newer roof (post-deracho repair), fresh scraping and paint, and a newly improved gravel driveway with off-street parking in the rear. Shared furnace is functional with heat controlled by the lower unit. Tenants also handle snow and lawn care, reducing owner responsibilities. Conveniently located near all that Marion has to offer, this is a solid, low-maintenance addition to any rental portfolio with stable occupancy and operational ease.
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535 8th Avenue Facts & Features
- Type Multi-Family
- Sq. ft. 1,600
- Price/Sq.ft. $97
- Lot 0.17 Acres
Details
General
Association/HOA
- Association: false
School Information
- Elementary School: Longfellow
- Middle Or Junior School: Vernon
- High School: Marion
Income/Expenses
- Gross Income: 14400.0
- Net Operating Income: 10885.0
- Operating Expense: 3515.0
Building Information
- Year Built: 1900
Location/Region
- County Or Parish: Linn
- MLS Area Major: Marion
- Postal City: Marion
Rent/Lease Information
- Tenant Pays: Electricity,Gas,Water
Tax Information
- Tax Annual Amount: 2077.0
General Information
- Listing Terms: Cash,Conventional
- Parcel Number: 14-01-1-31-006-0-0000
- Pets Allowed: Yes
- Property Sub Type: Multi Family
- Property Type: Residential
- Zoning: Com/Res
Interior
Beds/Baths
- Bathrooms Total: 0
General Information
- Foundation Details: Block
- Laundry Features: In Unit
- Living Area: 1600.0
Exterior
Parking Information
- Parking Features: Parking Space(s)
- Parking Total: 3.0
Lot Information
- Lot Size Acres: 0.172
- Lot Size Area: 0.172
- Lot Size Dimensions: 7405
- Lot Size Units: Acres
- Road Responsibility: Public Maintained Road
- Water Source: Public
Building Exterior/Construction
- Construction Materials: Frame,Wood Siding
General Information
- Number Of Units Total: 2
- Other Structures: Shed(s)
- Sewer: Public Sewer
- Utilities: Separate Meters
535 8th Avenue Neighborhood
Community
52302 (Marion) Demographics
39
Median Age
562
Population Density (per sq. mile)
51%
College Educated
$74,630
Estimated Median Income
12,712
Estimated Total Home Owners
3,710
Estimated Total Renters
77% / 23%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.535 8th Avenue Monthly Cost
535 8th Avenue Market Data
Based on the last 30 days in this zip code
$390,295
Average List Price
$173
Average Price per Square Foot
81
Properties Sold
72
Average Days on Market
257
Properties for Sale
535 8th Avenue History
| Date | Value | Agent |
|---|---|---|
| 4/27/2026Source: Iowa City MLS | $154,900 0.3% |
|
| 4/26/2026Source: Cedar Rapids Area MLS | $154,900 -3.1% |
|
| 4/26/2026Source: Iowa City MLS | $154,500 -3.4% |
|
| 2/26/2026Source: Iowa City MLS | Active |
|
| 2/20/2026Source: Iowa City MLS | February 20, 2026 |
|
| 2/20/2026Source: Cedar Rapids Area MLS | February 20, 2026 |
Listing provided courtesy of Keller Williams Legacy Group- MLS# 2601194