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Two-Bedroom Duplex with Covered Porch
For Sale
$84,900

617 W 5th St, Marion, IN 46953

Two-level duplex with laundry hookups, covered porch, and separate residential living areas.

Property Size1,740 SF
Price / SF$48.79
Days on Market165

Property Features for 617 W 5th St

General Information

Standard status Active
Size 1,740 SF
Property subtype Multi-Family

Additional Details

Multifamily Units 2

Amenities

laundry hookup

Building Details

Year Built 1910
Listing Agency: Kitts Realty
Listed By: Linda Kitts · License #RB14034865
Source: Spencerchildersgroup
Added: Apr 9 Changed: Sep 11 Last Checked: Sep 19 at 12:37PM

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

Investment Insights

Based on property information with market context.

Built in 1910, this 1,740-square-foot duplex includes a two-bedroom main-level unit and a two-bedroom upper-level unit. The main floor includes laundry hookups, while both units feature carpet and vinyl flooring. The property also has a covered porch, asphalt exterior paving, and gravel surfacing.

A single gas meter, electric meter, and water meter serve the property, with the owner paying all utilities. The building has a block foundation, crawl-space storage with an outside entrance, forced-air gas heat, and cable availability. A newer roof, furnace, and guttering are also noted. The property is located at 617 West 5th Street in Marion, Indiana.

Key Highlights

  • Two‑bedroom main‑level unit plus two‑bedroom upper‑level unit
  • 1,740‑square‑foot duplex built in 1910
  • Single gas, electric, and water meters; owner pays all utilities

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Parking Lot & Garage Gym & Fitness Center Kitchen & Bath Showroom Storage Facility Home Appliance Store Plumbing Service

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

920
Businesses Nearby

Demographics for 46953, IN

22,781
Population
10,095
Households
2.3
Avg Household Size
37
Median Age
16%
College-Educated
84%
High-School Grad
85.6 sq mi
ZIP Area
266
Density / Sq Mi
$46,224
Median Household Income
$25,969
Median Earnings
$800
Median Rent
$88,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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?
Duplex - Two-level duplex with laundry hookups, covered porch, and separate residential living areas.
Where is this duplex located?
The property is located at 617 W 5th St Marion, IN.
What is the asking price?
The asking price for this property is $84,900.
What are key features of this property?
This property features: Two‑bedroom main‑level unit plus two‑bedroom upper‑level unit; 1,740‑square‑foot duplex built in 1910; Single gas, electric, and water meters; owner pays all utilities
More about this property
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