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For Sale
1621 6th Ave
1621 6th Ave,
Marion, IA 52302
Marion, IA 52302
Asset Snapshot
1890
Year Built
2
Floor Count
1.12 Acres
Land Area
Offering Summary
Investment Overview
1.12-acre development site located along 6th Avenue in Uptown Marion, zoned UTR-2 (Urban Transition Residential 2). Concept plans illustrate a 20-unit executive-level multifamily project featuring 2-bed/2-bath units with attached garages. Additional units may be feasible depending on final site configuration. Contact listing agent for details. Market analysis estimates housing demand from 2022-2030 as follows: • Market Rate Rentals Needed: 595 units; • Shallow - Subsidy: 306 units; • Deep - Subsidy: 48 unitsInvestment Highlights
- Development site ideal for multifamily
- Limited opportunity to purchase land near Uptown Marion.
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