Contact us: 563.441.1776
Description
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 Highlights
Property Type: Multi Unit - Multiple
General Information
Sqft: 1,600
County: Linn
High School: Marion
Listed By:
Keller Williams Legacy Group
Stacey Dlouhy
319-423-4139
Cedar Rapids MLS
MLS ID: 2601194
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535 8th Avenue, Marion, IA 52302.
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563-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $154,900 | $154,900 | $154,900 |
| Down Payment | $30,980 | $5,422 | $38,725 |
| Monthly Mortgage Amount | $773 | $949 | $965 |
| Taxes | $216 | $216 | $216 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $68 | $0 |
| Monthly Estimated Total | $1,089 | $1,333 | $1,281 |
About this area
Find homes for sale in Marion, IA and learn about the local community and real estate market.
Full of history, Marion, IA is in the top ten of places to raise families. The city is located on the Northeast border of Cedar Rapids and offers all the amenities of big city living while still being a great place to raise a family. Marion, Iowa is one of the youngest cities per capita in the Midwest with its 36,000 residents.
Its Parks and Recreation Department maintains over 600 acres of public ground with a combined total of 41 parks and green spaces. These facilities are used year-round with fun, family-friendly events. Check out music on City Square, the May Arts festival, or the Fall Into Marion festival.
If you’re looking to relocate, Ruhl&Ruhl Realtors has plenty of homes for sale in Marion, IA for you to choose from. Continue browsing this page to see all houses for sale and real estate options in Marion and if you need to do a little more research before buying, check out the pages below for additional options:
Marion is located outside of Cedar Rapids. View homes for sale in the Cedar Rapids area for more real estate options.
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Nearest Ruhl&Ruhl Office
5805 Council St. NE, Suite A
Cedar Rapids, IA 52402
Phone Number: (563) 441-1776
Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers 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 on this site was last updated 08/30/2026. The listing information on this page last changed on 08/30/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sun 08/30/2026 12:07:02 AM EST) or MRED MLS (last updated Sun 08/30/2026 12:04:56 AM EST) or SCWMLS (last updated Sat 08/29/2026 11:55:21 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Sat 08/29/2026 10:15:34 PM EST) or Cedar Rapids MLS (last updated Sat 08/29/2026 10:44:14 PM EST) or NEIRBR MLS (last updated Sat 08/29/2026 11:58:41 PM EST) or ICAAR MLS (last updated Sat 08/29/2026 11:37:46 PM EST) or ECIMLS (last updated Sat 08/29/2026 11:44:33 PM EST) or RMLSA (last updated Sun 08/30/2026 12:00:57 AM EST) or Muscatine MLS (last updated Sun 08/30/2026 12:00:10 AM EST) or No Coast MLS (last updated Sun 08/30/2026 12:04:21 AM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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