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    Marion, IN
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    Marion, IN Multifamily Properties for Sale

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    La Fontaine, IN Warren, IN Gas City, IN Fairmount, IN Converse, IN Hartford City, IN Wabash, IN Andrews, IN
    Renovated 9-Unit Apartment Building
    Updated: Jun 17
    Renovated 9-Unit Apartment Building

    612 W 4th Street, Marion, IN 46952

    $530,000
    3,610 sqft 0.26 AC lot
    9‑unit apartment building in Marion, Indiana: 5 one‑bedroom/one‑bath units plus 4 efficiency units
    Recent upgrades include new HVAC mini‑split systems, water heaters, gutters, and separate utility infrastructure
    Units furnished with new kitchen appliances, including oven/range and refrigerator
    Additional adjacent lot offers potential for off‑street parking
    Public utilities: public water and public sewer
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    This listing looks promising.

    Here's a quick look at some key insights for

    612 W 4th Street, Marion, IN 46952

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    • Est. Cap Rate

      3.4%
      NOI ÷ price

    • Est. NOI

      $18K
      Annual

    • Price @ 7% Cap

      $257K
      Suggested

    • Property Type

      Single Family Residence
      Built 1939
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    Historic Apartment Building with Office
    Updated: May 11
    Historic Apartment Building with Office

    215 E 3Rd Street, Marion, IN 46952

    $2,500,000
    7,053 sqft 0.40 AC lot
    Historic apartment building built in 1904
    Unit mix includes 11 two‑bedrooms, 11 one‑bedrooms, 1 studio, and 1 office space
    Several furnished units available: 4 furnished 1‑bedrooms and 1 furnished 2‑bedroom
    Central air cooling and tile and wood flooring
    Located downtown in Marion near the YMCA and the Riverfront District
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    Historic Building with Commercial Space
    Historic Building with Commercial Space

    402 S Washington St, Marion, IN 46953

    $8,000,000
    15,000 sqft

    Renovated historic building featuring commercial space and market-rate apartments.

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    Two-Unit Duplex With Separate Utilities
    Two-Unit Duplex With Separate Utilities

    702 W 6th Street, Marion, IN 46953

    $61,900
    0.13 AC lot

    Duplex features separate electric and gas meters, shared laundry, and recent unit updates including new water heaters.

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    Northeast Indiana Multifamily Portfolio
    Northeast Indiana Multifamily Portfolio

    1511 W 31st St, Marion, IN 46953

    $17,160,000
    40,200 sqft

    Age-restricted apartment communities in Marion, Ossian, and Kendallville, Indiana.

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    Based on your search, we've compiled 33 Potential Opportunities for your consideration. Besides 5 Active listings in Marion, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 20 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    14-Unit Apartment Complex
    14-Unit Apartment Complex

    408 N Jefferson Street, Converse, IN 46919

    $715,000
    7,880 sqft 0.45 AC lot

    Three-building 14-unit apartment complex with ground-level entries and on-site laundry facilities.

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    Tenant-Occupied Duplex with 2 Units
    Tenant-Occupied Duplex with 2 Units

    226 Lafontaine Street, Huntington, IN 46705

    $185,000
    2,200 sqft 0.14 AC lot

    Two tenant-occupied units offer 2 bedrooms and 1.5 baths, with tenants paying all utilities.

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    4-Unit Multifamily Property
    4-Unit Multifamily Property

    527 Henry Street, Huntington, IN 46750

    $265,000
    0.12 AC lot

    Fully rented, extensively remodeled 4-unit building with updated plumbing, electrical, windows, siding, and currently listed monthly rents.

    View details
    14-Unit Apartment Complex
    14-Unit Apartment Complex

    408 N Jefferson Street, Converse, IN 46919

    $715,000
    7,880 sqft

    Three-building 14-unit complex with ground-level entries and on-site commercial laundry in Converse.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Wooded Homesite in Wheatfield, Indiana
    Wooded Homesite in Wheatfield, Indiana

    4418 Oakland Court, Wheatfield, IN 46392

    Contact for pricing
    0.57 AC lot

    Spacious, wooded 0.57-acre lot in established neighborhood.

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    University Park Developable Land
    University Park Developable Land

    976 Mesa Court, University Park, IL 60484

    Contact for pricing
    3.20 AC lot

    3.2 acres with 24 concrete housing pads in University Park.

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    Residential Land in Mount Gilead
    Residential Land in Mount Gilead

    7326 State Route 19, Mount Gilead, OH 43338

    Contact for pricing
    0.40 AC lot

    Land available in Mount Gilead with lake amenities.

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    Residential Land in Mount Gilead
    Residential Land in Mount Gilead

    7326 State Route 19, Unit 6, Lots 90,91,92, Mount Gilead, OH 43338

    Contact for pricing
    0.40 AC lot

    Land for sale with lake amenities in Mount Gilead.

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    Off-Market Properties in Marion, IN

    Consider similar Off-Market properties in Marion, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1316 10th St
    APARTMENT HOUSE (UNDER 5 UNITS)

    1316 10th St, Marion, IN 46953-1423

    Value Estimation by Request
    1,672 sqft 0.20 AC lot
    View details
    2929 Washington St
    APARTMENT HOUSE (UNDER 5 UNITS)

    2929 Washington St, Marion, IN 46953-3637

    Value Estimation by Request
    7,282 sqft 0.13 AC lot
    View details
    1415 Adams St
    APARTMENT HOUSE (UNDER 5 UNITS)

    1415 Adams St, Marion, IN 46953-2333

    Value Estimation by Request
    3,528 sqft 0.40 AC lot
    View details
    3323 Washington St
    APARTMENT HOUSE (UNDER 5 UNITS)

    3323 Washington St, Marion, IN 46953-4372

    Value Estimation by Request
    3,510 sqft 0.12 AC lot
    View details
    1301 2nd St
    APARTMENT HOUSE (UNDER 5 UNITS)

    1301 2nd St, Marion, IN 46952-3560

    $785,000
    Estimated value
    10,442 sqft 0.33 AC lot
    View details
    1315 Beckford Pl
    APARTMENT HOUSE (UNDER 5 UNITS)

    1315 Beckford Pl, Marion, IN 46952-1862

    $1,950,000
    Estimated value
    2,304 sqft 2.93 AC lot
    View details
    1194 Washington St
    APARTMENT HOUSE (UNDER 5 UNITS)

    1194 Washington St, Marion, IN 46952-2291

    Value Estimation by Request
    4,560 sqft 0.34 AC lot
    View details
    521 Washington St
    APARTMENT HOUSE (UNDER 5 UNITS)

    521 Washington St, Marion, IN 46952-2701

    Value Estimation by Request
    6,080 sqft 0.12 AC lot
    View details
    1200 Hendricks Ave
    MOBILE HOME PARK, TRAILER PARK

    1200 Hendricks Ave, Marion, IN 46953-1252

    Value Estimation by Request
    6.30 AC lot
    View details
    316 2nd St
    APARTMENT HOUSE (UNDER 5 UNITS)

    316 2nd St, Marion, IN 46952-3830

    Value Estimation by Request
    3,721 sqft 0.20 AC lot
    View details
    1430 Jeffras Ave
    Multifamily properties

    1430 Jeffras Ave, Marion, IN 46952

    Value Estimation by Request
    View details
    326 Washington St
    APARTMENT HOUSE (UNDER 5 UNITS)

    326 Washington St, Marion, IN 46952-4023

    Value Estimation by Request
    728 sqft
    View details
    3107 Washington St
    APARTMENT HOUSE (UNDER 5 UNITS)

    3107 Washington St, Marion, IN 46953-4082

    Value Estimation by Request
    3,150 sqft 0.10 AC lot
    View details
    326 Washington St
    APARTMENT HOUSE (UNDER 5 UNITS)

    326 Washington St, Marion, IN 46952-4023

    Value Estimation by Request
    681 sqft
    View details
    326 Washington St
    APARTMENT HOUSE (UNDER 5 UNITS)

    326 Washington St, Marion, IN 46952-4023

    Value Estimation by Request
    692 sqft 0.06 AC lot
    View details
    1316 Meridian St
    APARTMENT HOUSE (UNDER 5 UNITS)

    1316 Meridian St, Marion, IN 46952-2163

    Value Estimation by Request
    1,706 sqft 0.15 AC lot
    View details
    1652 Euclid Ave
    APARTMENT HOUSE (UNDER 5 UNITS)

    1652 Euclid Ave, Marion, IN 46952-3320

    Value Estimation by Request
    2,616 sqft 0.10 AC lot
    View details
    1100 Baldwin Ave
    MOBILE HOME PARK, TRAILER PARK

    1100 Baldwin Ave, Marion, IN 46953-1550

    Value Estimation by Request
    6.00 AC lot
    View details
    7230 400th S
    CAMPGROUND, RV PARK

    7230 400th S, Marion, IN 46953-9531

    Value Estimation by Request
    5,280 sqft 36.21 AC lot
    View details

    Marion, IN Multifamily Properties Market Trends and Statistics

    Explore 25 multifamily properties for sale in Marion, IN, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $0.00.

    Sale prices for multifamily properties in Marion, IN start at $0.00, averaging $0.00, and reaching up to $0.00 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 4
    Duplexes 1
    Short term rental properties 1

    Demographics Overview

    Population 41K
    Population Growth (5Y) -2.5%
    Median Household Income $49,349
    College Educated 29.1%

    High-Yield Neighborhoods for Investment

    Identify Marion submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    46952 $1.1M
    46953 $4.2M

    Taxes & Financing

    Tax Rate (average for all types) 2.54%
    Property Tax per SF $45.73 per SF
    Tax Rate vs County Average 0.02 pp above county avg
    Average Loan-to-Value 65.0%

    Property Size Breakdown

    The majority of commercial real estate listings in Marion fall within the 2,500 to 5,000 square foot range.

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