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    Marion, IN
    Residential Income

    Marion, IN Residential Income Properties for Sale

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    La Fontaine, IN Warren, IN Gas City, IN
    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 apartments built in 1904 in downtown Marion, near the YMCA and the Riverfront District.
    Apartment mix: 11 two‑bedrooms, 11 one‑bedrooms, 1 studio, and 1 office space.
    Additional furnished units include 4 one‑bedrooms and 1 two‑bedroom for extended stay or short‑term rental.
    Central air cooling throughout.
    Flooring includes tile and wood.
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    Renovated 9-Unit Apartment Building
    Updated: Jun 17
    Renovated 9-Unit Apartment Building

    612 W 4th Street, Marion, IN 46952

    $534,900
    3,610 sqft · 0.26 AC lot
    Completely renovated 9‑unit apartment building with 5 one‑bedroom/1‑bath units and 4 efficiency units
    Recent improvements include new HVAC mini‑split systems, water heaters, and gutters
    Separate utility infrastructure in place for management efficiency
    Each unit includes new kitchen appliances and is furnished with an oven/range and refrigerator
    Adjacent lot provides potential to create off‑street parking (in addition to on‑street parking)
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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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    Duplex with Two Two-Bed Units
    Duplex with Two Two-Bed Units

    702 W 6th Street, Marion, IN 46953

    $61,900
    0.13 AC lot

    Two separately metered units offer month-to-month occupancy and shared laundry access.

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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 34 Potential Opportunities for your consideration. Besides 5 Active listings in Marion, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 21 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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    Three-Story Mixed-Use Building
    Three-Story Mixed-Use Building

    112 N Jefferson Street, Hartford City, IN 47348

    $200,000
    0.08 AC lot

    Three-story property with ground-floor commercial space and residential units above, offering multiple configuration options.

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    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.

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    Mixed-Use Building with Retail and Apartment
    Mixed-Use Building with Retail and Apartment

    221 & 223 W Washington Street, Hartford City, IN 47348

    $99,900
    0.09 AC lot

    Two storefronts and a rented two-bedroom apartment provide flexible space for owners or investors.

    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.

    Flat Residential and Agricultural Land
    Flat Residential and Agricultural Land

    300 E South, Marion, IN 46953

    $88,000
    4.80 AC lot

    Nearly 5 acres of flat, usable ground currently used for agriculture, offering a private setting with convenient access.

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    LAND - Elwood, IN
    LAND - Elwood, IN

    1301 N 8th Street, Elwood, IN 46036

    Contact for pricing
    0.25 AC lot

    Land · 0.25 Acres

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    LAND - Elwood, IN
    LAND - Elwood, IN

    1313 N 8th Street, Elwood, IN 46036

    Contact for pricing
    0.25 AC lot

    Land · 0.25 Acres

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    LAND - Elwood, IN
    LAND - Elwood, IN

    1305 N 8th Street, Elwood, IN 46036

    Contact for pricing
    0.25 AC lot

    Land · 0.25 Acres

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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
    4002 Meridian St
    Mixed-use properties

    4002 Meridian St, Marion, IN 46953

    Value Estimation by Request
    7.15 AC lot
    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

    Marion, IN Residential Income Properties Market Trends and Statistics

    Explore 26 residential income properties for sale in Marion, IN, showcased through 5 active listings on our real estate platform. These investment opportunities span a total of 74,875 square feet of properties for sale, with an estimated market value of $28,584,900.

    Sale prices for residential income properties in Marion, IN start at $45,000, averaging $3,573,112, and reaching up to $17,160,000 — 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

    Multifamily properties 9
    Apartment buildings 4
    Duplexes 3
    Short term rental properties 1
    Triplexes 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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    Most Searched ZIP Codes in Marion, IN

    • 46953
    • 46952

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