09/01/2026
๐ช๐ต๐ฎ๐ ๐ถ๐ณ ๐๐ต๐ฒ ๐ฝ๐ฟ๐ผ๐ฏ๐น๐ฒ๐บ ๐ถ๐๐ปโ๐ ๐ณ๐ถ๐ป๐ฑ๐ถ๐ป๐ด ๐ฎ๐ป ๐ถ๐ป๐๐ฒ๐๐๐บ๐ฒ๐ป๐ ๐ฝ๐ฟ๐ผ๐ฝ๐ฒ๐ฟ๐๐โฆ๐ถ๐โ๐ ๐ณ๐ถ๐ป๐ฑ๐ถ๐ป๐ด ๐ผ๐ป๐ฒ ๐๐ต๐ฒ๐ฟ๐ฒ ๐๐ต๐ฒ๐ฟ๐ฒโ๐ ๐๐๐ถ๐น๐น ๐ฟ๐ผ๐ผ๐บ ๐น๐ฒ๐ณ๐ ๐ถ๐ป ๐๐ต๐ฒ ๐ป๐๐บ๐ฏ๐ฒ๐ฟ๐?
Thatโs what makes this Marion duplex interesting. ๐
The Cedar Rapids/Marion rental market is changing. With thousands of workers coming into the area for major construction projects, local housing and rental demand has tightened significantly.
And sitting right in the middle of that opportunity is this 2-unit property in Marion.
โพ๏ธ2BR/1BA lower + 1BR/1BA upper
โพ๏ธCurrent rent: $1,200/month
โพ๏ธConservative market rent potential: ~$1,650/month
โพ๏ธApprox. 9.2% stabilized cap rate at list price*
โพ๏ธBoth units currently occupied
โพ๏ธRecent rental inspection passed
โพ๏ธSeveral major repairs completed + new sewer line being installed
๐๐ฒ๐ฟ๐ฒโ๐ ๐๐ต๐ฎ๐ ๐ ๐น๐ถ๐ธ๐ฒ ๐ฎ๐ฏ๐ผ๐๐ ๐๐ต๐ถ๐ ๐ผ๐ป๐ฒ:
Youโre not paying for someone else to completely renovate it and capture all the upside.
Thereโs still room here.
Keep the existing income coming in. Make improvements over time. Bring rents closer to market as appropriate. Build value.
Whether this would be rental #1 or rental #10, the question isnโt whether itโs perfect today.
The question is: ๐what could you make it tomorrow?๐
Offered at $154,900 at 535 8th Ave, Marion, IA.
Want the numbers, rent comps or a private showing? Send me a message. Iโm happy to walk through the investment side of it with you.
Stacey M. Dlouhy
๐ฒ210.383.0736
Licensed Iowa Realtorยฎ๏ธ
Your Best Life Real Estate Partners
Keller Williams Legacy Group
Home. Hope. Homecoming.
https://portal.onehome.com/en-US/share/1021676E87839
*Estimated stabilized cap rate based on projected market rents and assumptions for taxes, insurance, 5% vacancy and 5% maintenance. Buyers should complete their own due diligence.