413 S Grove Street Marion, IN 46953

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Presented By
Mike Thomas Associates
9601 Coldwater Road
Fort Wayne, IN 46825
(260) 489-2000
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Duplex • 129Y Old

$120,000

413 S Grove Street

0.04 Acres
Property Description

Discover a rare opportunity to acquire a fully stabilized duplex in Marion, Indiana. This property is a testament to hands-on management and a strong local rental market, offering investors a reliable and consistent source of income from day one. Investment Highlights: 100% Occupancy: This duplex is currently fully leased with well-vetted tenants, eliminating the risks and costs associated with vacancies and tenant placement. Proven Income: With its history of stable occupancy and rent collection, this property provides a predictable cash flow, making it a low-stress addition to any investment portfolio. Ideal for Passive Investors: The stabilized nature of this duplex means you can step into a fully operational asset, minimizing the initial legwork and maximizing your returns. Turnkey Condition: Meticulously maintained and in excellent condition, this property requires minimal immediate capital expenditure, allowing you to focus on the returns. Robust Marion Market: Marion's real estate market is on the rise, with strong demand for rentals and a positive trend in property values. This investment is positioned for both immediate income and long-term appreciation.

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Property
MLS # 22055403
Date Listed 2025-08-07
Status Active
Property Type Multi-Family/Apartments
Property SubType Duplex
New Construction No
Type Duplex
Year Taxes Payable 2024
Year Built 1896
Days on Market 84
External Features
Construction Duplex
Lot Size 1,650 sq ft
Acreage 0.04 Acres
Fence None
Location
Area Grant
County Grant
Subdivision No Subdivision
Township Center
City Marion
State IN
Zip 46953
Schools
School District Marion Community Schools
Financial
Assoc. Dues $0.00

MLS# 22055403
Listing Provided Courtesy of Justin Lowe
Ellsbury Commerical Group
justin.lowe@ellsburygroup.com

Listing updated October 23, 2025 at 1:54 pm
Last checked 5 minutes ago

IDX information provided by the MIBOR REALTOR® Association. 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. Data is deemed reliable but is not guaranteed accurate by the MLS.

Learn More About 413 S Grove Street

Presented By
Mike Thomas Associates
9601 Coldwater Road
Fort Wayne, IN 46825
(260) 489-2000
Email
Agent to Contact

By clicking "Send Message", you agree to be contacted by Sarah Hubley about your request. Please see our Privacy Policy.