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5-Unit Multifamily Property
New
For Sale
$174,900

413-423 N Washington Street, Marion, IN 46952

A duplex and three additional apartments include a two-bedroom residence above a four-car garage.

Property Size4,630 SF
Lot Size0.66 Acres
Price / SF$37.78
Days on Market4

Property Features for 413-423 N Washington Street

General Information

Standard status Active
Size 4,630 SF
Total Parking Spaces 12
Lot size 0.66 Acres
Property subtype Multi Family Home
Lease Term 1 Year

Units

Unit Mix 2 x 1BR, 2 x 2BR
Multifamily Units 5

Additional Details

Tenant in Place Yes

Building Details

Building Size 4,630 SF
Year Built 1900
Buildings 3
Stories 2
Units 5
Listing Agency: Kitts Realty
Listed By: Linda Kitts · License #RB14034865
Source: Abbottsteam
Added: Nov 1 Last Checked: Nov 3 at 5:56AM

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 Kitts Realty

Rey
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Investment Insights

Based on property information with market context.

This 4,630-square-foot multifamily property comprises three buildings on 0.66 acre. The 413-415 building is a duplex with a large one-bedroom lower apartment and a separate upper apartment. A full basement and two gas furnaces serve this building. The other two buildings contain three apartments: a two-bedroom upper unit at 419, a one-bedroom lower unit at 421, and a two-bedroom residence above the garage at 423.

Located at 413-423 N Washington Street in Marion, the property includes a four-car garage beneath the apartment at 423. The owner covers water, sewer, trash, and lawn care.

Key Highlights

  • Three buildings with five residential units
  • 4,630 square feet on 0.66 acre
  • 413‑415 duplex includes a full basement and two gas furnaces

Property Analytics

Lease Details

5
Residential units

Location Intelligence

Trade Area within ½ mile

779
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Multifamily property - A duplex and three additional apartments include a two-bedroom residence above a four-car garage.
Where is this multifamily property located?
The property is located at 413-423 N Washington Street Marion, IN.
What is the asking price?
The asking price for this property is $174,900.
What are key features of this property?
This property features: Three buildings with five residential units; 4,630 square feet on 0.66 acre; 413‑415 duplex includes a full basement and two gas furnaces
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