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Two-Unit Duplex
New
For Sale
$84,000

621 W 5Th Street, Marion, IN 46953

Both residences are rented, with laundry provided for each unit.

Property Size2,774 SF
Price / SF$30.28
Days on Market4

Property Features for 621 W 5Th Street

General Information

Standard status Active
Size 2,774 SF
Property subtype Multi-Family
Occupancy 100%

Property Condition

Severity Repairs Needed
Evidence does need work done

Units

Unit Mix 2 x 2BR/1BA
Multifamily Units 2

Amenities

laundry

Building Details

Year Built 1910
Buildings 1
Listing Agency: Kaden Khayyata, Loy Real Estate
Listed By: Patton Hall
Source: Pattonhall
Added: Sep 24 Changed: Sep 26 Last Checked: Sep 26 at 7:26AM

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 Kaden Khayyata, Loy Real Estate

Investment Insights

Based on property information with market context.

Built in 1910, this 2,774-square-foot duplex contains two occupied residences. The main-floor unit has two bedrooms, one bathroom, and laundry within the unit. The upper-level residence also has two bedrooms and one bathroom, with laundry located in the basement. The property is being sold as-is, and tenants’ rights apply.

An attic entrance is accessible from the upper-level unit. The attic requires work before it could serve as additional room space.

Key Highlights

  • Two residences, each with 2 bedrooms and 1 bathroom
  • 2,774 square feet; built in 1910
  • Main‑floor unit has in‑unit laundry

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
100%
Occupancy

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
View Realmo Analytics

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 - Both residences are rented, with laundry provided for each unit.
Where is this duplex located?
The property is located at 621 W 5Th Street Marion, IN.
What is the asking price?
The asking price for this property is $84,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 2,774 square feet; built in 1910; Main‑floor unit has in‑unit laundry
More about this property
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