Listing courtesy of Continental Real Estate Group · Listing agent: Derek Eisenberg

Virtual tour
ActiveApartment

215 E 3Rd Street

$2,500,000

$531.69 / sq ft

Est. $14,771/mo

Marion, IN 46952-4077

  • Basement
Bedrooms
33
Bathrooms
24
Living area
7,053 sq ft
Lot
0.4 ac
Year built
1904
Type
Apartment
Listed
May 11, 2026
MLS #
202617624

About this home

These historic apartments are full of unique features and right downtown in the epicenter of Marion. Conveniently located by the YMCA, delicious local restaurants and creative local small businesses in the Riverfront District, The Castle Apartments are perfect for anyone wanting to be in the center of the action. There are 11 - 2-bedrooms, 11 - 1-bedrooms, 1 Studio and 1 Office space. There are 4 - 1-bedrooms and 1 - 2-bedrooms furnished apartments in the building ready for extended stay or short-term rental. In the basement of the Castle Apartments there is room for bar/restaurant with a liquor license available.

Monthly payment estimate

$14,771/mo

Principal & interest
$13,684
Property taxes
$358
Homeowners insurance
$729
Your loan

  • Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
  • Taxes: the seller's 2026 bill as reported to the MLS. Yours may differ once your own deductions apply.
  • Insurance: estimated at 0.35% of the price per year.
  • An estimate, not a loan offer. Your rate and payment depend on your credit, loan program and down payment.
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Property details

Interior

Levels
Three Or More
Stories
4
Total area
7,053 sq ft
Finished area above grade
4,702 sq ft
Finished area below grade
2,351 sq ft
Below grade total
2,351 sq ft
Bedrooms above grade
33
Basement
Full
Flooring
Wood, Tile
Heating
Forced Air
Cooling
Central Air
Amenities
Alarm System-Security, Detector-Smoke, Elevator, Fire Sprinkler System

Exterior & parking

Construction
Brick
Private pool
No
New construction
No

Waterfront & lake

Waterfront
No

Lot

Lot features
Level
Lot size (acres)
0.4 ac
Lot dimensions
132X132
County
Grant County
Township
Center
Road surface
Asphalt
Platted
Yes
Planned unit development
No
Directions
St. Rd. 18 West is 3rd Street. located on the corner of 3rd and Branson Streets.

Schools

Elementary school
Riverview
Middle school
McCulloch
High school
Marion
School district
Marion Community Schools

HOA & community

HOA fee
$0

Taxes & terms

Annual taxes
$4,296
Tax year
2026
Listing terms
Cash, Conventional
Possession
Negoiable
Parcel number
27-07-06-401-037.000-002

Utilities

Water
City
Sewer
Public Sewer

Income & commercial

Units
33
Net operating income
-$4,296
Parking spaces
38
Pets allowed
Yes
Tenant pays
Cable TV

Location

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$2,500,000

33 beds · 24 baths