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Three-Unit Multifamily Property
For Sale
$79,900

204 W 20th St, Marion, IN 46953

Three-unit multifamily building with three 1-bedroom, 1-bath units, sold as-is and requiring roof and cosmetic updates.

Property Size2,200 SF
Price / SF$36.32
Days on Market68

Property Features for 204 W 20th St

General Information

Standard status Active
Size 2,200 SF
Property subtype Residential Income

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $656
Listing Agency: Integrity Realty Partners
Listed By: Angela Manning · License #RB17000786
Source: Exprealty
Added: Jul 22 Changed: Sep 11 Last Checked: Sep 26 at 9:49AM

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 Integrity Realty Partners

Investment Insights

Based on property information with market context.

This three-unit multifamily property contains three spacious 1-bedroom, 1-bath units with a functional layout. The building has room for improvement, including the need for a new roof and some minor cosmetic updates. The property is being sold as-is.

The offering is located at 204 W 20th Street in Marion, Indiana. As currently presented, it offers a value-add direction for an owner looking to renovate while updating the exterior and interior finishes.

Each of the three units is configured as a 1-bedroom, 1-bath home within the same income property, making the asset straightforward to manage as a single building.

Key Highlights

  • Three‑unit multifamily building built in 1920
  • Each unit offers 1 bedroom and 1 bathroom (three 1BD/1BA units total)
  • Being sold as‑is

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Kitchen & Bath Showroom Skin Care Clinic Plumbing Service (Bike/Boat/Book/etc) 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

3
Residential units

Location Intelligence

Trade Area within ½ mile

122
Businesses Nearby

Demographics for 46953, IN

22,781
Population
10,095
Households
2.3
Avg Household Size
37
Median Age
16%
College-Educated
84%
High-School Grad
85.6 sq mi
ZIP Area
266
Density / Sq Mi
$46,224
Median Household Income
$25,969
Median Earnings
$800
Median Rent
$88,400
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
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Frequently Asked Questions

What type of property is this?
Triplex - Three-unit multifamily building with three 1-bedroom, 1-bath units, sold as-is and requiring roof and cosmetic updates.
Where is this triplex located?
The property is located at 204 W 20th St Marion, IN.
What is the asking price?
The asking price for this property is $79,900.
What are key features of this property?
This property features: Three‑unit multifamily building built in 1920; Each unit offers 1 bedroom and 1 bathroom (three 1BD/1BA units total); Being sold as‑is
More about this property
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