Listing courtesy of Apple Tree Realty, LLC · Listing agent: Kristine Miller · Cell: 765-432-4366
415 W 38th Street
Marion, IN 46953
- Bedrooms
- 5
- Bathrooms
- 2
- Living area
- 1,750 sq ft
- Lot
- 0.2 ac
- Year built
- 1910
- Type
- Duplex
- Listed
- August 31, 2026
- MLS #
- 202635755
About this home
Investment opportunity with versatility! This spacious duplex offers two separate living units, making it a great option for an investor or an owner-occupant looking to offset their mortgage with rental income. The property features a classic two-story exterior, separate entrances and generous living spaces. One unit offers a comfortable, established layout with a spacious living room, updated kitchen with white cabinetry and modern flooring, dining space, 3 bedrooms and full bath. The second unit has a bright, freshly updated feel with neutral finishes, newer-style flooring throughout, a kitchen with white cabinetry, updated countertops and backsplash, full bath and 2-3 generously sized rooms. Large windows throughout provide plenty of natural light. Outside, you'll find a sizable yard, covered porch areas and additional exterior space to enjoy. With two separate units under one roof, this property offers flexibility for rental income, multi-generational living, or living in one unit while renting the other.
Monthly payment estimate
$1,104/mo
- Principal & interest
- $974
- Property taxes
- $78
- Homeowners insurance
- $52
- 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
- 1,750 sq ft
- Finished area above grade
- 1,750 sq ft
- Bedrooms above grade
- 5
- Basement
- Crawl Space
- Flooring
- Laminate
- Heating
- Electric
- Cooling
- Central Air, Wall Unit(s)
- Amenities
- Off Street Parking
Exterior & parking
- Construction
- Vinyl Siding, Wood Siding
- Private pool
- No
- New construction
- No
Waterfront & lake
- Waterfront
- No
Lot
- Lot features
- Corner Lot
- Lot size (acres)
- 0.2 ac
- Lot dimensions
- 70 x 128
- County
- Grant County
- Township
- Center
- Platted
- Yes
- Planned unit development
- No
- Directions
- From IN- 37 Northbound Continue On S. Washington St, Turn Left On IN-15/W 38 Th St Arrive At IN-15/ W 38 Th The Last Intersection Before Your Destination Is S Landess St If You Reach S Carey St, You'Ve Gone Too Far.
Schools
- Elementary school
- Frances Slocum
- Middle school
- McCulloch
- High school
- Marion
- School district
- Marion Community Schools
Taxes & terms
- Annual taxes
- $936
- Tax year
- 2025
- Possession
- Immediate
- Parcel number
- 27-07-19-202-008.000-002
Included in the sale
- Included in sale
- Building,Other
Utilities
- Water
- City
- Sewer
- Public Sewer
Income & commercial
- Units
- 2
- Annual gross rent
- $21,000
- Net operating income
- $20,064
- Lease term
- 12 Months
- Parking spaces
- 2
- Pets allowed
- No
Location
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