c.1925 Five Bedroom Kansas Craftsman Bungalow With Lovely Woodwork $59,620
OHU50K Notes $59,620
c.1925 Five Bedroom Kansas Craftsman Bungalow With Lovely Woodwork. Located on an old brick road close to everything town has to offer.
Realtor Comments
Investment Opportunity. Three Rental Homes Sold as a Package Deal! Excellent opportunity to own a portfolio of three rental properties in Marion, Kansas! Each home offers its own unique features, providing solid income potential for investors or those looking to expand their rental holdings. 213 S Freeborn (MLS #145005) is a 3 bedroom, 1 bath home with 1, 144 sq. ft. of living space, with central heat and air conditioning and a 1 car attached garage. Comfortable layout with a large kitchen and separate laundry room. 311 N Locust (MLS #145009) is a spacious 5 bedroom, 1 bath home with 1, 702 sq. ft., featuring a 1 car detached garage that is shared with the neighbor. This home features some beautiful hardwood floors. With plenty of room for tenants and strong rental potential, this property is a standout in the package. 312 S Freeborn (MLS #144934) is a Cozy 2 bedroom, 1 bath home offering 1, 024 sq. ft. of living space, a 1 car attached garage and convenient single level living. All three properties are located within Marion, making management easy and efficient. Whether you are a seasoned investor or just starting to build your portfolio, this package delivers steady income potential and long term value. Call today for more details or to schedule a private showing of this investment package!
- 5 bed
- 1 bath
- Build date 1925
311 N Locust St, Marion, KS 66861 $59,620
- Contact Realtor: Patty Putter
- Google Map
- Niche
Pros
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Affordable cost of living & housing
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The cost of living in Marion is about 11% lower than the Kansas average.
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The median property value in Marion was around $89,600 in 2023, substantially below national averages.
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Because housing is more affordable, you may get more value (space, a yard, older home character) compared to pricier areas.
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Lower crime relative to state average
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Crime rates in Marion are reported to be about 54% lower than the Kansas average.
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If safety and slower pace are priorities, this is a strong plus.
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Nice natural and recreational setting
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Marion sits near the Flint Hills region and is close to recreation like the Marion Reservoir which offers fishing, camping, boating.
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The town also emphasizes historic buildings, parks, nature trails, which is appealing if you like outdoors and small-town charm.
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Strong home-ownership and stable community feel
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Home ownership rate is relatively high (~74.6%) in recent data.
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Many residents note it’s a quiet, rooted community rather than a transient, rental‐heavy one.
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Cons
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Limited local job market / lower incomes
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Median household income in Marion (~$60,756) is modest compared to many parts of the country.
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Employment variety (especially high-end/professional jobs) may be more limited than in larger metros.
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Smaller size & fewer amenities
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As a small town (~2,000 residents) it naturally has fewer shopping, dining, entertainment, and cultural amenities than a larger city.
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For people who expect frequent access to many restaurants, theaters, or high-volume services, the trade-off is real.
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Slower growth / declining population trend
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The population is declining slightly: e.g., a drop of ~-1.9% since the recent census.
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Property value appreciation is modest (median property value increased only ~1.24% from 2022 to 2023).
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If you’re looking for rapid real-estate gains or vibrant growth, this may be less than ideal.
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Less diversity & potentially fewer services for niche needs
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The racial/ethnic makeup is heavily White (~91.7% White non-Hispanic in 2023) which means less demographic diversity.
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Specialized services (public transit, high-end medical specialists, very large shopping centers) may require travel to larger towns.
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