Marion · Marion, NC
36 & 50 Catawba Avenue
Marion, NC · 1,137 sqft
$799,000
Reduced from $899,000
- 3Beds
- 1Baths
- 1,137SqFt
- 1965Year
- 346Days on market
About this home
2 Homes (3BR 1 BA) + 1 Unfinished Apartment PRIME LOCATION - GREAT INVESTMENT PROPERTY
Located within the city limits of Marion, this unique property features two separate homes and an attached-unfinished apartment on approximately 0.7 acres. With city water and city sewer already in place, the property is currently zoned R-3, offering flexibility for residential or potential commercial redevelopment (subject to rezoning).
The homes are well-situated just minutes from the I-40, seconds from bypass, downtown Marion, and a variety of shopping centers and restaurants, making this a prime location for investors, multi-generational living, or rental income.
Whether you're looking to expand your portfolio or create a mixed-use space, this property offers strong potential in a growing area.
Both homes have partial unfinished basements.
Property details
- Beds
- 3
- Baths
- 1
- SqFt
- 1,137
- Lot
- —
- Year built
- 1965
- Type
- Single Family
- Days on market
- 346
- Heating
- Central
- Cooling
- Central Air
- Foundation
- Other - See Remarks
Payment estimate
Estimated monthly payment
Includes P&I, tax, insurance
$5,880/ month
- Principal & interest
- $4,948
- Property tax (~1.05%)
- $699
- Homeowners insurance
- $233
- HOA dues
- —
Down payment
$39,950 down · $759,050 financed
Income to qualify (28% rule)
~$252,026 / year household
A rough rule — actual qualification depends on your full debt picture, credit, and the lender. John can introduce you to lenders he trusts.
Numbers are a directional estimate. Actual monthly cost varies by lender, credit, taxes assessed at closing, and insurance carrier. This is not a loan offer or pre-approval.