Historic Downtown Apartment
For Sale
$2,500,000
215 E 3Rd Street, Marion, IN 46952
INVESTMENT, Multi-Story (3+), Marion, IN
Property Size7,053 SF
Lot Size0.40 Acres
Price / SF$354.46
Days on Market138
Property Features for 215 E 3Rd Street
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Bedrooms
33
Bathrooms
24
Full bathrooms
24
Rooms
Bedroom 9, Bathroom 19, Bathroom 17, Bathroom 8, Bathroom 7, Bedroom 12, Bedroom 19, Bathroom 10, Bathroom 15, Bedroom 14, Bedroom 28, Bedroom 6, Bedroom 8, Bathroom 13, Bathroom 18, Bathroom 9, Bedroom 23, Bedroom 24, Bedroom 33, Bedroom 30, Bathroom 1, Bedroom 13, Bathroom 16, Bedroom 7, Bedroom 5, Bedroom 18, Bathroom 20, Bedroom 20, Bedroom 21, Bedroom 26, Bathroom 24, Bedroom 31, Bathroom 12, Bedroom 11, Bathroom 6, Bedroom 15, Bedroom 27, Bedroom 32, Bathroom 2, Bedroom 22, Bedroom 25, Bedroom 29, Bathroom 11, Bedroom 10, Bedroom 4, Bedroom 16, Bathroom 5, Bedroom 3, Basement, Bedroom 2, Bedroom 1, Bathroom 23, Bathroom 3, Bathroom 4, Bathroom 14, Bathroom 22, Bathroom 21, Bedroom 17
Parking
38
Lot features
Level
Elementary school
Riverview
Middle school
McCulloch
High school
Marion
Elementary school district
Marion Community Schools
Middle school district
Marion Community Schools
High school district
Marion Community Schools
Directions
St. Rd. 18 West is 3rd Street. located on the corner of 3rd and Branson Streets.
Subdivision
Grant County
Standard status
Active
APN
27-07-06-401-037.000-002
Size
7,053 SF
Lot size
0.40 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
16-01-53 & 52 LOTS 5 & 6 O P BLK 10 MP 0706-401-037.000
Legal Description
16-01-53 & 52 LOTS 5 & 6 O P BLK 10 MP 0706-401-037.000
Utilities
Cooling system
Central Air
Building Details
Year built
1904
Number of units
33
Flooring type
Wood, Tile
Architectural style
Other
Listing Agency:
Continental Real Estate Group
(877) 996-5728
Listed By:
Derek Eisenberg · License #0225213393
(201) 803-5250
Added: May 11
Changed: Sep 17
Last Checked: Sep 25 at 6:06PM
MLS# 202617624
Copyright © 2026 Upstate Alliance of REALTORS® Multiple Listing Service, Inc. 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.
Built in 1904, this 7,053-square-foot apartment property at 215 E 3rd Street includes 11 two-bedroom apartments, 11 one-bedroom apartments, one studio, and one office. Wood and tile flooring and central air are among the building’s existing features. Five furnished apartments—four one-bedroom units and one two-bedroom unit—are configured for extended-stay or short-term rental use.
The property sits in downtown Marion within the Riverfront District, near the YMCA, local restaurants, and small businesses. Its 0.4-acre site also includes basement space that can accommodate a bar or restaurant, with a liquor license available.
The property sits in downtown Marion within the Riverfront District, near the YMCA, local restaurants, and small businesses. Its 0.4-acre site also includes basement space that can accommodate a bar or restaurant, with a liquor license available.
Key Highlights
- 11 two‑bedroom apartments and 11 one‑bedroom apartments
- One studio and one office space included
- Five furnished apartments: four one‑bedroom units and one two‑bedroom unit
Property Analytics
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Current Use
Lease Details
23
Residential units
Location Intelligence
Trade Area within ½ mile
839
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Multi-unit property with furnished residences, an office, and basement space 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: 11 two‑bedroom apartments and 11 one‑bedroom apartments; One studio and one office space included; Five furnished apartments: four one‑bedroom units and one two‑bedroom unit
