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Triplex with Vacant Lower Unit
New
For Sale
$189,900

342 E GARFIELD Avenue, Marion, WI 54950

Two occupied residences generate rental income, while the lower-level unit is available for renovation.

Property Size3,100 SF
Price / SF$61.26
Days on Market4

Property Features for 342 E GARFIELD Avenue

General Information

Standard status Active
Size 3,100 SF
Property subtype Multi Family

Property Condition

Severity Repairs Needed
Evidence requires some TLC

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $2,819

Building Details

Building Size 3,100 SF
Year Built 1971
Listing Agency: Adashun Jones, Inc.
Listed By: Frank Adashun · License #91-833299
Source: C21ace
Added: Sep 1 Changed: Sep 2 Last Checked: Sep 2 at 2:24PM

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 Adashun Jones, Inc.

Investment Insights

Based on property information with market context.

This three-unit multifamily property contains approximately 3,100 square feet and was built in 1971. Two units are occupied, while the lower-level residence is vacant and requires some work. Unit 2 measures 1,325 square feet and includes a lower-level bonus room.

Current tenants pay their own utilities, including water. The property is offered in as-is condition, with existing rental income and a vacant unit that may be renovated for continued use. Located at 342 E Garfield Avenue in Marion, Wisconsin, the property can suit an owner-occupant or investor seeking a multifamily building with both occupied and vacant units.

Key Highlights

  • Three‑unit multifamily property with approximately 3,100 square feet
  • Two units are occupied and provide existing rental income
  • Lower‑level unit is vacant and requires some TLC

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store Law Firm Hair Salon Dental Office Auto Repair Shop

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

89
Businesses Nearby

Demographics for 54950, WI

3,086
Population
1,357
Households
2.3
Avg Household Size
44
Median Age
12%
College-Educated
90%
High-School Grad
81.8 sq mi
ZIP Area
38
Density / Sq Mi
$65,815
Median Household Income
$41,875
Median Earnings
$732
Median Rent
$151,900
Median Home Value

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 - Two occupied residences generate rental income, while the lower-level unit is available for renovation.
Where is this triplex located?
The property is located at 342 E GARFIELD Avenue Marion, WI.
What is the asking price?
The asking price for this property is $189,900.
What are key features of this property?
This property features: Three‑unit multifamily property with approximately 3,100 square feet; Two units are occupied and provide existing rental income; Lower‑level unit is vacant and requires some TLC
More about this property
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