Historic Downtown Apartment
For Sale
$2,500,000
215 E 3rd St, Marion, IN 46952
Twenty-three residential units include furnished options, a studio, and a dedicated office space.
Property Size7,053 SF
Price / SF$354.46
Days on Market10
Property Features for 215 E 3rd St
General Information
Standard status
Active
Size
7,053 SF
Units
Unit Mix
11 x 2BR, 11 x 1BR, 1 x Studio
Multifamily Units
23
Building Details
Year Built
1904
Listing Agency:
Continental Real Estate Group
(877) 996-5728
Listed By:
Derek Eisenberg · License #RM062792A
Source:
Eveloteam
Added: Aug 19
Changed: Aug 28
Last Checked: Aug 28 at 12:43PM
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 Continental Real Estate Group
Investment Insights
Based on property information with market context.
Built in 1904, this apartment property contains 23 residential units along with one office space. The configuration includes 11 two-bedroom apartments, 11 one-bedroom apartments, and one studio. Five furnished units—four one-bedrooms and one two-bedroom—are set up for extended-stay or short-term rental use.
The building is located at 215 E 3rd St in downtown Marion’s Riverfront District, near the YMCA, local restaurants, and independently owned businesses. Basement space offers room for a bar or restaurant, with a liquor license available for that use.
The building is located at 215 E 3rd St in downtown Marion’s Riverfront District, near the YMCA, local restaurants, and independently owned businesses. Basement space offers room for a bar or restaurant, with a liquor license available for that use.
Key Highlights
- 23 residential units: 11 two‑bedrooms, 11 one‑bedrooms, and 1 studio
- Five furnished apartments configured for extended‑stay or short‑term rental use
- Includes 1 office space within the building
Property Analytics
Property Profile
Current Use
Lease Details
23
Residential units
Location Intelligence
Trade Area within ½ mile
798
Businesses Nearby
Explore this area
Business Placement
Demographics for 46952, IN
18,996
Population
8,832
Households
2.2
Avg Household Size
46
Median Age
25%
College-Educated
89%
High-School Grad
105.5 sq mi
ZIP Area
180
Density / Sq Mi
$53,481
Median Household Income
$39,246
Median Earnings
$785
Median Rent
$129,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Twenty-three residential units include furnished options, a studio, and a dedicated office space.
Where is this apartment building located?
The property is located at 215 E 3rd St Marion, IN.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 23 residential units: 11 two‑bedrooms, 11 one‑bedrooms, and 1 studio; Five furnished apartments configured for extended‑stay or short‑term rental use; Includes 1 office space within the building
