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Up/Down Duplex with Rear Parking
For Sale
$154,900

535 8th Ave, Marion, IA 52302

Residential, Marion, IA

Property SizeContact for details
Days on Market205

Property Features for 535 8th Ave

General Information

Property type Residential Multi Family
Property subtype Other
Zoning Residential
Full bathrooms 2
Rooms Bathroom 1, Bathroom 2
Parking 3
Parking features Off Street
Elementary school Longfellow
Middle school Vernon
Directions Use GPS From 2nd St, follow 8th Ave to the right, home is on the right
Subdivision OutOfArea
Standard status Active
APN 14011-31006-00000

Taxes and HOA fees

Tax Year 2024
Tax Annual Amount 2077

Utilities

Heating system Steam, Natural Gas, Forced Air
Cooling system Central Air

Building Details

Year built 1900
Building materials Frame
Listing Agency: Keller Williams Legacy Group · Keller Williams Realty
Listed By: Jami Wolf
Added: Feb 20 Changed: Sep 12 Last Checked: Sep 13 at 4:06PM
MLS# 202601268

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 up/down duplex contains a 2BR/1BA lower residence and a 1BR/1BA upper residence, with long-term tenants in place. The frame property was built in 1900 and includes central air, natural-gas heating, and a shared furnace serving both units; heat is controlled from the lower unit.

Recent exterior work includes a newer roof following derecho-related repairs, fresh scraping and paint, and added gravel on the shared driveway. Off-street parking is available behind the building. Most utilities are separately metered or otherwise separated, and tenants pay all utilities, supporting straightforward day-to-day management.

Key Highlights

  • Two‑unit layout with 2BR/1BA lower unit and 1BR/1BA upper unit
  • Long‑term tenants occupy both residential units
  • Most utilities are separated; tenants pay all utilities

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Catering Service (Bike/Boat/Book/etc) Store Food Market Plumbing Service Grocery & Convenience Store Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

681
Businesses Nearby

Demographics for 52302, IA

43,130
Population
18,153
Households
2.4
Avg Household Size
39
Median Age
39%
College-Educated
97%
High-School Grad
74.3 sq mi
ZIP Area
580
Density / Sq Mi
$87,463
Median Household Income
$50,234
Median Earnings
$963
Median Rent
$232,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two-unit residential property with largely separated utilities and tenant-paid utility service.
Where is this duplex located?
The property is located at 535 8th Ave Marion, IA.
What is the asking price?
The asking price for this property is $154,900.
What are key features of this property?
This property features: Two‑unit layout with 2BR/1BA lower unit and 1BR/1BA upper unit; Long‑term tenants occupy both residential units; Most utilities are separated; tenants pay all utilities
More about this property
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