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Side-by-Side Duplex Investment

350 & 352 3rd Ave Marion, IA 52302

Claim this Listing
Pending
$315,000

MULTI_FAMILY - Other - Marion, IA

Added:
May 15, 2026
Days on Market:
58
Last Refresh:
Jul 11 at 11:06 am

Property Features for 350 & 352 3rd Ave

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
0.18
Rooms
Bathroom 2, Bathroom 1
Parking
4
Parking features
Garage, Off Street
Patio and Porch features
Porch, Deck
Interior features
KitDiningRmComb, CableAvailable
Exterior features
Deck, FrontPorch
Appliances
Dishwasher, Dryer, RangeOrOven, Refrigerator, Washer
Standard status
Pending
APN
14011-54009-00000

Taxes and HOA fees

Tax Year
2024
Tax Annual Amount
3996

Utilities

Heating system
Natural Gas, Forced Air
Cooling system
Central Air, Ceiling Fan(s)

Building Details

Year built
1987
Floors in Building
2
Flooring type
Laminate, Carpet, Wood
Building materials
Vinyl, Wood, Frame
Architectural style
Other

Listing agent Molly Trimble

Listing office Lepic-Kroeger, REALTORS 2346 MORMON TREK BLVD SUITE #2000, Iowa City, IA

Listing date May 15, 2026

MLS# 202603214 Listing URL

Copyright © 2026 Iowa City Area Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This side-by-side, two-story duplex includes two separate residential units. Unit 350 offers 2 bedrooms and 1.5 bathrooms, along with a 1-stall garage and 1 gravel off-street parking spot. Unit 352 features 3 bedrooms and 1.5 bathrooms, a 1-stall garage, and 2 gravel off-street parking spots. The property is described as well-maintained, with recent improvements including rock landscaping, new windows, a water heater, and a refrigerator in 352, as well as a new water softener and garbage disposal in 350.

The duplex is conveniently located close to Parkview Elementary School and Thomas Park in Marion, Iowa.

For investors or owner-occupants seeking a multifamily property with two separate incomes, the current leasing structure provides immediate occupancy context. Unit 350 is currently leased through May 31, 2027, with rent increasing from its current rate to $1,250 per month in July. Unit 352 is leased month-to-month at $1,800 per month. Overall, the configuration supports separate tenant profiles across the 2-bedroom and 3-bedroom units while maintaining consistent onsite amenities such as garages and off-street parking.

Key Highlights

  • Side‑by‑side two‑story duplex built in 1987 with 2 units (350 and 352).
  • Unit 350: 2 bedrooms, 1.5 baths; 1‑stall garage and 1 gravel off‑street parking spot; leased at $1,145/mo through May 31, 2027, increasing to $1,250/mo in July.
  • Unit 352: 3 bedrooms, 1.5 baths; 1‑stall garage and 2 gravel off‑street parking spots; currently month‑to‑month at $1,800/mo.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Law Firm Parking Lot & Garage Daycare Center (Bike/Boat/Book/etc) Store HVAC Service Locksmith Catering Service Food Market Accounting Firm Florist

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - Well-maintained two-story duplex with distinct unit mixes, garages, and current leases in place.
Where is this duplex located?
The property is located at 350 & 352 3rd Ave Marion, IA.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Side‑by‑side two‑story duplex built in 1987 with 2 units (350 and 352).; Unit 350: 2 bedrooms, 1.5 baths; 1‑stall garage and 1 gravel off‑street parking spot; leased at $1,145/mo through May 31, 2027, increasing to $1,250/mo in July.; Unit 352: 3 bedrooms, 1.5 baths; 1‑stall garage and 2 gravel off‑street parking spots; currently month‑to‑month at $1,800/mo.
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