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    Marion, IA
    Triplex

    Marion, IA Triplexes for Sale

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    Victorian Triplex with Courtyard
    Updated: Jul 31
    Victorian Triplex with Courtyard

    1024 18th Street, Marion, IA 52302

    $285,000
    2,649 sqft 0.26 AC lot
    0.26‑acre lot with 2‑stall garage off a shared driveway plus extra parking pad
    Three‑unit layout: 2‑bedroom main unit, 1‑bedroom second‑floor apartment, and second‑floor efficiency
    Wood‑frame construction with hardwood floors, natural woodwork, and elegant staircase
    Private courtyard and landscaping for tenant outdoor space
    Built in 1890 with shingle roof
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    This listing looks promising.

    Here's a quick look at some key insights for

    1024 18th Street, Marion, IA 52302

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    • Est. Cap Rate

      7.4%
      Above avg (5.9%)

    • Est. NOI

      $21K
      Annual

    • Price @ 7% Cap

      $301K
      Above asking

    • Property Type

      Multi-Family Dwellings
      Built 1890
    View Property Analytics
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Marion, IA, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Well-Kept Triplex with Detached Garages
    Well-Kept Triplex with Detached Garages

    5309-5311 Blue Bonnet Dr, Waterloo, IA 50702

    $549,900
    1,544 sqft

    One-level triplex units feature separate laundry, walk-in closets, pantry space, and individually metered utilities.

    View details
    Washington, Iowa Multi-Family Property
    Washington, Iowa Multi-Family Property

    508 N Iowa Avenue, Washington, IA 52353

    $120,000
    2,146 sqft 0.20 AC lot

    Multi-family property in Washington, Iowa, with 2,146 square feet.

    View details
    One-Level Triplex with Detached Garages
    One-Level Triplex with Detached Garages

    5309-5311 Blue Bonnet Drive, Waterloo, IA 50702

    $549,900
    1.20 AC lot

    Well-kept triplex in Waterloo with separately metered units, in-unit laundry, and detached garage spaces for each home.

    View details
    Triplex Income Property
    Triplex Income Property

    508 N Iowa Ave, Washington, IA 52353

    $120,000

    Three well-defined units with separate heating systems and established long-term renters near downtown Washington.

    View details

    Marion, IA Triplexes Market Trends and Statistics

    Explore 1 triplexes for sale in Marion, IA on our real estate platform. These investment opportunities span a total of 2,649 square feet of properties for sale, with an estimated market value of $285,000.

    Sale prices for three-family homes in Marion, IA average $285,000 — 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

    Duplexes 6
    Apartment buildings 3

    Demographics Overview

    Population 43K
    Population Growth (5Y) +5.9%
    Median Household Income $87,463
    College Educated 50.5%

    Taxes & Financing

    Tax Rate (average for all types) 2.94%
    Property Tax per SF $39.13 per SF
    Tax Rate vs County Average 0.06 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Linn County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Linn County

    Office

    Property Size Breakdown

    The majority of commercial real estate listings in Marion fall within the 100,000+ square foot range.

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