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122 W 2nd Street

Marion, IN 46952
  • $125,000
  • STATUS: Active
  • ON SITE: 14 Days
  • MLS #: 202502293
UPDATED: 80 min ago
$125,000
  • 6
    BEDS
  • 0.1
    ACRES
  • 4
    BATHS
  • 1
    1/2 BATHS
  • 2,932
    SQFT
Neighborhood:
Type:
Multi-Family
Built:
1900
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Listing provided by Caleb Oliver of J Meyer Real Estate Services, Inc: Cell: 765-667-5362.

Description

Income generating triplex with office front located near downtown Marion and upcoming River Front District! All three (3) units are currently rented and the office is currently used for the owner's needs. Unit 1 is a nice two (2) bedroom apartment on the main level that brings in $600/month. Unit 2 is an efficiency located on the back side of the property currently rented for $210/week. Unit 3 is a large four (4) bedroom on the second level with a nice open deck and back entrance with stairs. Currently rented for $225/week. Unit 4 (office) provides 434sq. ft. of office and storage space and includes a half bath. Don't miss out on your chance to own a high-return investment property in a promising location with a very bright future!

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© 2025 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Barnes Real Estate Services | North Eastern Group Realty. Data last updated: 2025-02-08T00:29:06.91.

www.housesinfortwayne.com/homes/159709264
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122 W 2nd Street Marion, IN 46952

  • Price: $125,000
  • Status: Active
  • On Site: 14 Days
  • Updated: 80 min ago
  • MLS #: 202502293
6
Beds
4
Baths
1
½ Baths
0.1
Acres
2,932
SQFT
$43
$/SQFT
1900
Built
Neighborhood:
None
County:
Grant
Area:
Grant
Elementary School:
Riverview/Justice
Middle School:
Mcculloch/Justice
High School:
Marion
School District:
Marion Community Schools
Property Description
Income generating triplex with office front located near downtown Marion and upcoming River Front District! All three (3) units are currently rented and the office is currently used for the owner's needs. Unit 1 is a nice two (2) bedroom apartment on the main level that brings in $600/month. Unit 2 is an efficiency located on the back side of the property currently rented for $210/week. Unit 3 is a large four (4) bedroom on the second level with a nice open deck and back entrance with stairs. Currently rented for $225/week. Unit 4 (office) provides 434sq. ft. of office and storage space and includes a half bath. Don't miss out on your chance to own a high-return investment property in a promising location with a very bright future!
Exterior Features

Exterior Wood Lot Description 0-2.9999 Lot Dimensions 64x66 Outbuilding None Parking Spaces 6 Pool YN No Style Two Story Waterfront YN No

Interior Features

Above Grade Bedrooms 6 Above Grade Finished Sqft 2932 Above Grade Unfin Sq Ft 0 Amenities Countertops-LaminateDeck Open Basement Foundation Partially Finished Basement Material Block Basement YN Yes Below Grade Baths 0 Below Grade Bedrooms 0 Below Grade Finished Sqft 0 Below Grade Unfin Sq Ft 598 Cooling None Dishwashers 0 Disposals 0 Dryers 0 Flooring MixedWood Heating Fuel Forced AirHot Water Microwaves 0 Ranges Ovens 3 Refrigerators 3 Rooms Below Grade 0 Total Baths 5 Total Below Grade Sqft 598 Total Sq Ft 3530 Unit1 Bathrooms 1 Unit1 Bedrooms 2 Unit2 Bathrooms 1 Unit3 Bathrooms 1 Unit3 Bedrooms 4 Unit4 Sq Ft 434 Wash Dry Hookups 0 Washers 0

Property Features

Annual Electric Expense 0 Annual Fuel Expense 0 Annual Gross Rent 28080 Annual Insurance Expense 0 Annual Maint Expense 0 Annual Misc 0 Annual Net Income 27044 Annual Property Tax 1036 Annual Trash Expense 0 Annual Water Sewer Exp 0 Assoc Dues Frequency Not Applicable Auction Y / N No Buildings 1 Efficiencies 1 Electric Meters 5 For Sale Or Rent For Sale Four Bedrooms 1 Gross Monthly Income 2340 Gross Monthly Rent 2340 Inside City Limits Yes Lease Term Week to WeekMonth to Month New Construction No One Bedrooms 0 Owner Pays ElectricHeatingSewerTrash CollectionWater Owner Real Estate License YN No Pet Restrictions YN No Planned Unit Dev YN No Property Sub Type Triplex Proposed Financing CashConventional Reo YN No Sale Includes Building Sewer City Tenant Pays None Three Bedrooms 0 Township Center Two Bedrooms 1 Unit1 Unit Rent 600 Unit1- Currently Rntd Y / N Yes Unit2 Unit Rent 210 Unit2- Currently Rntd Y / N Yes Unit3 Unit Rent 225 Unit3- Currently Rntd Y / N Yes Unit4- Currently Rntd Y / N No Units Rented 3 Water Utility City Year Taxes Payable 2024 Zoning Description Central Business

Listing provided by Caleb Oliver of J Meyer Real Estate Services, Inc: Cell: 765-667-5362.

© 2025 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Barnes Real Estate Services | North Eastern Group Realty.


© 2025 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Barnes Real Estate Services | North Eastern Group Realty. Data last updated: 2025-02-08T00:29:06.91.

 
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Barnes Real Estate Services | North Eastern Group Realty
10808 La Cabreah Ln
Fort Wayne IN, 46845
Listing provided by Caleb Oliver of J Meyer Real Estate Services, Inc: Cell: 765-667-5362.