Historic Multifamily Apartment
215 E 3rd Street, Marion, IN 46952
For Sale
New
$2,500,000
A varied unit mix includes furnished apartments and dedicated office space, with basement area suited to bar or restaurant use.
Property Size4,702 SF
Price / SF$531.69
Days on Market3
Property Features for 215 E 3rd Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
Continental Real Estate Group
(877) 996-5728
Listed By:
Derek Eisenberg · License IN #0225213393
(201) 803-5250
Source:
Kaserrealty
Added: Nov 11
Changed: Nov 12
Last Checked: Nov 12 at 8:32PM
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
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Investment Insights
Based on property information with market context.
The Castle Apartments is a 4,702-square-foot multifamily property built in 1904. Its residential mix comprises 11 two-bedroom apartments, 11 one-bedroom apartments, and one studio, alongside one office space. Five apartments are furnished: four one-bedroom units and one two-bedroom unit, configured for extended stays or short-term rental use. Basement space is available for a bar or restaurant, and a liquor license is available.
The property is at 215 E 3rd Street in downtown Marion, near the YMCA, local restaurants, small businesses, and the Riverfront District.
The property is at 215 E 3rd Street in downtown Marion, near the YMCA, local restaurants, small businesses, and the Riverfront District.
Key Highlights
- 4,702‑square‑foot apartment building constructed in 1904
- 11 two‑bedroom apartments, 11 one‑bedroom apartments, and one studio
- One office space within the building
Property Analytics
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Current Use
Lease Details
23
Residential units
Location Intelligence
Trade Area within ½ mile
798
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - A varied unit mix includes furnished apartments and dedicated office space, with basement area suited to bar or restaurant use.
Where is this apartment building located?
The property is located at 215 E 3rd Street 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: 4,702‑square‑foot apartment building constructed in 1904; 11 two‑bedroom apartments, 11 one‑bedroom apartments, and one studio; One office space within the building
