Renovated Residential Income
105 W 36th St Marion, IN 46953
For Sale
Contact for pricing
Newly renovated residential income property in Marion, Indiana with tenant-paid utilities and resident lawn and snow care.
Property Size1,079 SF
Price / SF$78.68
Days on Market60
Property Features for 105 W 36th St
General Information
- Standard status
- Active
- Size
- 1,079 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1900
Listing Agency:
Ellsbury Group
Listed By:
David Orton · License #RB14052148
Source:
Crexi
Added: May 27
Changed: Jul 23
Last Checked: Jul 23 at 6:31PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ellsbury Group
Investment Insights
Based on property information with market context.
This residential income property features newly renovated interior updates and a well-kept, maintained exterior. The current setup includes tenant responsibility for all utilities, along with care of lawn and snow, supporting a more hands-off day-to-day ownership experience.
Located at 105 W 36th St in Marion, Indiana, the property is positioned for long-term, buy-and-hold ownership in a market described as having consistent rental growth and a high-demand renter demographic.
For sale at $84,900, this property is offered as an income-focused asset suitable for investors seeking stable operations supported by tenant-paid expenses and maintained grounds.
Located at 105 W 36th St in Marion, Indiana, the property is positioned for long-term, buy-and-hold ownership in a market described as having consistent rental growth and a high-demand renter demographic.
For sale at $84,900, this property is offered as an income-focused asset suitable for investors seeking stable operations supported by tenant-paid expenses and maintained grounds.
Key Highlights
- Newly renovated residential income property in Marion, Indiana
- Year built 1900
- Tenants pay all utilities
Financial Insights For Apartment 5plus
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 | $11.4k | $10.56 |
| − Vacancy | −$1.6k | −$1.51 |
| EGI | $9.8k | $9.05 |
| − OpEx | −$4.4k | −$4.07 |
| NOI | $5.4k | $4.98 |
1,079 SF · lease $10.56/SF/yr · vacancy 14.26% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$76.8K
$67.2K – $89.6K
NOI $5,373 @ 7.0% cap · market cap 6.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$209.5K
$183.4K – $244.5K
NOI $14,668 @ 7.0% cap · market cap 17.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Multifamily properties
FAQs
What type of property is this?
Multifamily property - Newly renovated residential income property in Marion, Indiana with tenant-paid utilities and resident lawn and snow care.
Where is this multifamily property located?
The property is located at 105 W 36th St Marion, IN.
What is the asking price?
The asking price for this property is $84,900.
What are key features of this property?
This property features: Newly renovated residential income property in Marion, Indiana; Year built 1900; Tenants pay all utilities
