537 8th Avenue Marion, IA 52302
MULTI_FAMILY - Marion, IA
Property Features for 537 8th Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Rooms
- Bedroom 1, Bedroom 3, Bedroom 2, Bedroom 4
- Standard status
- Active
- APN
- 140113100500000
- Size
- 1,683 SF
Taxes and HOA fees
- Tax Description
- N1/2 Lot 7 in Lot 8 Irr
- Tax Annual Amount
- 1747
Building Details
- Year built
- 1900
- Number of units
- 2
- Building materials
- Frame
Listing agent Chris Puckett (319) 367-8760
Listing office Realty87 5408 BLAIRS FOREST WAY NE, Cedar Rapids, IA (319) 378-8760
Listing date Jun 8, 2026
Copyright © 2026 Cedar Rapids 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.
Located at 537 8th Avenue in Marion, Iowa (Linn County), the home is positioned near shopping, dining, schools, and local amenities, providing convenient access to everyday services.
The layout makes the property a practical fit for buyers seeking an income-focused owner-occupied arrangement or straightforward rental operations with consistent unit types. With both units featuring two bedrooms and one bath, it may be easier to market to similar tenant groups seeking like-for-like accommodations.
Key Highlights
- Duplex with frame construction
- Year built: 1900
- Lower level: 2 bedrooms and 1 bath
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.6k | $12.24 |
| − Vacancy | −$1.5k | −$0.87 |
| EGI | $19.1k | $11.37 |
| − OpEx | −$5.7k | −$3.41 |
| NOI | $13.4k | $7.96 |
