255 S State Street, Marion, OH 43302

$399,900

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List Price
$399,900
Year Built
1900
MLS#
226026615
Status
CONTINGENT
Acres
0.16
Township
Marion

Property Description

Excellent investment opportunity featuring six apartment units across two buildings. The main building offers four 2-bedroom units, while the separate building includes two 1-bedroom units, providing a desirable unit mix for a variety of tenants. The property has seen numerous updates in recent years, including a new roof and renovations throughout the majority of the units. Currently, 4 of the 6 units are occupied, providing immediate rental income, while 2 vacant units offer convenient access for showings and the opportunity for a new owner to lease at current market rates. One vacant unit is move-in ready, while the other presents a value-add opportunity with cosmetic improvements. Whether you're looking to expand your portfolio or purchase your first multifamily investment, this property offers an excellent combination of current cash flow, recent improvements, and upside potential. Schedule your showing today and explore the possibilities this versatile income-producing property has to offer.

Additional Information

School District
Marion Csd 5102 Mar Co.
Tax Year
2025
Yearly Taxes
2872

Listing Courtesy of : Blair Rowland ---- Generations Realty

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