815 5th Ave, Marion, IA, 52302
About This Home
Investment Opportunity! Well-maintained duplex offering strong rental potential with numerous recent updates. The spacious main-level unit features 2 bedrooms, a formal dining room, cozy living room, large kitchen, full bathroom, and abundant natural light throughout. The upper-level unit offers 1 bedroom, 1 bathroom, an eat-in kitchen, and a comfortable living room—ideal for tenants seeking an efficient, inviting space. Major improvements provide peace of mind, including new fascia, soffit, and gutters (2020), new siding (June 2026), and updated garage doors (2024 & 2026). The main-level hardwood floors were beautifully refinished in 2023, while the upper-level kitchen and living room were remodeled in 2020, adding modern appeal. Whether you're looking to expand your investment portfolio or occupy one unit while generating rental income from the other, this move-in-ready duplex is an excellent opportunity. This version emphasizes the income potential, recent improvements, and livability while keeping the description concise and appealing to prospective buyers. * some photos are virtually staged Property is being sold as is. Inspections are for buyer's knowledge only.
Getting Around
Very Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1880
Materials
- Construction materials: Frame,Vinyl Siding
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Basement
- Has basement: Yes
- Basement: Full
Heating & Cooling
- Heating features: Forced Air
- Cooling features: Central Air
Interior Area
- Total interior livable area: 1,848 sqft
Property
Details
- Parcel number: 140117700400000
Lot
- Lot size: 7,405 sqft
- Lot size dimensions: 7260 sf
Parking
- Total spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Hail
- Strong Wind
- Tornado
- Winter Weather
- Cold Wave
- Ice Storm
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters Across Iowa Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,010 | $12,120 |
| Home Insurance * | $107 | $1,284 |
| Property Taxes | $221 | $2,652 |
| Electricity | $137 | $1,654 |
| Total | $1,475 | $17,700 |
Income You'd Need if You Spent...
Iowa FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-23 | Listed for sale | $199,900 |
| 2026-07-03 | Pending sale | $199,900 |
| 2026-06-26 | Listed for sale | $199,900 |
| 2023-09-12 | Listing removed | -- |
| 2023-07-12 | Listed for sale | $149,950 |
| 2012-05-07 | Sold | $45,000 |
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