Listing courtesy of Ping Realty, LLC · Listing agent: Robert Ping
315 N Adams Street
Marion, IN 46952-2759
Original price $57,400 · Price reduced on September 23, 2026
- Basement
- Bedrooms
- 3
- Bathrooms
- 2
- Living area
- 1,844 sq ft
- Lot
- 0.19 ac
- Year built
- 1959
- Type
- Duplex
- Listed
- June 15, 2026
- MLS #
- 202623416
About this home
Excellent investment opportunity with immediate rental income! This duplex offers approximately 1,844 square feet of living space and is situated on a desirable corner lot. The upper unit features 1 bedroom and 1 full bathroom and is currently tenant-occupied, generating $600 per month in rental income through 1/31/2027. The lower unit is vacant and offers 1 bedroom with the potential for a second bedroom with the addition of a closet, along with 1 full bathroom, making it ideal for an owner-occupant or an additional income-producing rental unit. Additional features include a detached 2-car garage, outdoor space, and the flexibility to maximize cash flow or offset living expenses. Whether you're looking to expand your investment portfolio or seeking a property that allows you to live in one unit while renting the other, this duplex presents a fantastic opportunity with built-in income potential.
Monthly payment estimate
$374/mo
- Principal & interest
- $213
- Property taxes
- $150
- Homeowners insurance
- $11
- Rate: Freddie Mac's 30-year fixed average for the week of October 1, 2026.
- Taxes: the seller's 2025 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
- Two
- Stories
- 2
- Total area
- 2,244 sq ft
- Finished area above grade
- 1,844 sq ft
- Unfinished area below grade
- 400 sq ft
- Below grade total
- 400 sq ft
- Bedrooms above grade
- 3
- Basement
- Partial, Unfinished
- Flooring
- Laminate, Wood
- Heating
- Natural Gas, Forced Air
- Cooling
- Wall Unit(s)
- Amenities
- Basement
Exterior & parking
- Style
- Traditional
- Construction
- Vinyl Siding
- Roof
- Asphalt, Shingle
- Foundation
- Block
- Parking
- Garage, On Street
- Private pool
- No
- New construction
- No
Waterfront & lake
- Waterfront
- No
Lot
- Lot features
- Corner Lot, Level
- Lot size (acres)
- 0.19 ac
- Lot dimensions
- 61X137
- County
- Grant County
- Township
- Center
- Lots
- 8
- Platted
- Yes
- Planned unit development
- No
- Directions
- GPS Friendly
Schools
- Elementary school
- Riverview
- Middle school
- McCulloch
- High school
- Marion
- School district
- Marion Community Schools
Taxes & terms
- Annual taxes
- $1,795
- Tax year
- 2025
- Assessed value
- $73,500
- Listing terms
- Cash, Conventional
- Possession
- Tenants Rights
- Parcel number
- 27-07-06-101-149.000-002
Included in the sale
- Included in sale
- Building,Land
Utilities
- Water
- Public
- Sewer
- Public Sewer
Income & commercial
- Units
- 2
- Annual gross rent
- $7,200
- Net operating income
- $3,905
- Lease term
- 12 Months
- Parking spaces
- 4
- Pets allowed
- No
- Tenant pays
- Cable TV, Electricity, Deposit
- Maintenance (annual)
- $1,500
Location
Similar homes
$45,000
Listed Aug 8215 W 7th Street
Marion, IN 46952
- 3 beds
- 3 baths
- 1,985 sq ft
Listing courtesy of F.C. Tucker Realty Center
