Three-Unit Residential Income
3714 S Race Street Marion, IN 46953
New
3714 S Race Street, Marion, IN, 46953
$127,500
For Sale
$127,500
MULTI_FAMILY - Other - Marion, IN
Property Size1,780 SF
Lot Size0.20 Acres
Price / SF$71.63
Days on Market2
Property Features for 3714 S Race Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Triplex
- Bedrooms
- 2
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Basement
- Parking
- 4
- Parking features
- Off Street
- Standard status
- Active
- APN
- 27-07-18-304-153.000-002
- Size
- 1,780 SF
- Lot size
- 0.20 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Description
- 16-23-5915 LOT 42 WIGGER & PENCE 2ND ADD
- Tax Annual Amount
- 300
Building Details
- Year built
- 1900
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Vinyl, Carpet
- Architectural style
- Other
Listing agency
RE/MAX Realty One
(765) 454-7300
Listed by
Cathy Hunnicutt · License #RB15000856
(765) 618-9394
Added: Jul 21 Checked: Jul 22 at 5:06AM
MLS# 202629220
Copyright © 2026 REALTORS Association of Central Indiana. 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.
This for-sale triplex includes three units total, with one efficiency unit and one studio unit. The property is listed as residential income with an overall size of 1,780 square feet, situated on a 0.2-acre lot.
Showings are available Thursdays and Saturdays from 11:00 AM to 3:00 PM. The seller requests allowing 48 hours to respond to offers.
Located at 3714 S Race Street in Marion, Indiana (Grant County), the property provides a compact three-unit configuration that may suit investors seeking small-balance multifamily ownership.
Showings are available Thursdays and Saturdays from 11:00 AM to 3:00 PM. The seller requests allowing 48 hours to respond to offers.
Located at 3714 S Race Street in Marion, Indiana (Grant County), the property provides a compact three-unit configuration that may suit investors seeking small-balance multifamily ownership.
Key Highlights
- 3‑unit property: includes an efficiency unit and a studio unit
- Year built: 1900
- Off‑street parking available
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.0k | $9.00 |
| − Vacancy | −$2.2k | −$1.22 |
| EGI | $13.8k | $7.78 |
| − OpEx | −$4.2k | −$2.33 |
| NOI | $9.7k | $5.45 |
1,780 SF · lease $9.00/SF/yr · vacancy 13.55% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$138.5K
$121.2K – $161.6K
NOI $9,695 @ 7.0% cap · market cap 7.60%
Second Best
Apartment 5plus
$126.6K
$110.8K – $147.7K
NOI $8,864 @ 7.0% cap · market cap 6.95%
Theoretical Best
Specialty Retail
$345.7K
$302.5K – $403.3K
NOI $24,198 @ 7.0% cap · market cap 18.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Triplex with three total units, including an efficiency and a studio, offered for sale.
Where is this triplex located?
The property is located at 3714 S Race Street Marion, IN.
What is the asking price?
The asking price for this property is $127,500.
What are key features of this property?
This property features: 3‑unit property: includes an efficiency unit and a studio unit; Year built: 1900; Off‑street parking available
