551 S Main Street, Marion, OH 43302
New Listing
$299,900
Property Type:
Multi-Family
Lot Size (sq. ft.):
6,098
Status:
Active
Current Price:
$299,900
List Date:
4/03/2026
Last Modified:
4/03/2026
Overview
Description
Investor Opportunity in the Heart of Marion!
Don't miss this fully updated 4-unit income-producing property located at 551-553 S Main St in Marion, Ohio. With 2 - 2 bed units and 2 - 1 bed units this property has currently generated $3,550/month in rental income. This turnkey investment is already ready to start cash flowing from day one! New roof, windows, flooring, paint, lighting, kitchens, bathrooms, and appliances.
This property has been thoughtfully renovated and inspected, including a Certificate of Occupancy from the Marion Building and Fire Departments as a 4-unit property, giving you peace of mind and minimizing future maintenance concerns. Even better, it benefits from a Community Reinvestment Area (CRA) tax abatement, helping maximize your return by significantly reducing property taxes for the next 9 years.
Situated in a desirable neighborhood with strong rental demand, this location is close to quality schools, local amenities, and major conveniences, making it attractive to long-term tenants.
Whether you're a seasoned investor or just getting started, this is a rare opportunity to own a stabilized, income-generating asset with built-in tax advantages!
Listing Details MLS# 226010254
Location Property Info
- Original List Price
- 299900
- Property Sub Type
- Midrise
- Street #
- 551
- Street PreDirection
- S
- Street Name
- Main
- Street Suffix
- Street
- County
- Marion
- State
- OH
- Zip Code
- 43302
- School District
- MARION CSD 5102 MAR CO.
- Township
- Marion
OfficeContract Info
- MLS Entry Date
- 2026-04-03
General Property Info
- Number of Units
- 4
- # of Buildings
- Yes
- Total Parking
- 4
- Building Sqft
- 2391
- Year Built
- 1920
- Built Prior to 1978
- Yes
- Acreage
- 0.14
Tax Info
- Parcel #
- 12-3050013.100
- Zoning
- C-1B
- Tax Year
- 2025
- Tax Abatement
- No
- Taxes (Yrly)
- 939.36
- Tax Incentive
- Yes
1 Bedroom
- 1 Bedroom # of Units
- 2
2 Bedroom
- 2 Bedroom # of Units
- 2
More Information
Auction Info
- Auction/Online Bidding Y/N
- No
Location & Property Info
- List Price/SqFt
- 125.43
- City (Mailing Addr)
- Marion
- Corp LimitPerAuditor
- Marion
Office/Contract Info
- For Sale
- Yes
- Exchange
- No
Remarks & Misc
- Property Description
- Investor Opportunity in the Heart of Marion! Don't miss this fully updated 4-unit income-producing property located at 551-553 S Main St in Marion, Ohio. With 2 - 2 bed units and 2 - 1 bed units this property has currently generated $3,550/month in rental income. This turnkey investment is already ready to start cash flowing from day one! New roof, windows, flooring, paint, lighting, kitchens, bathrooms, and appliances. This property has been thoughtfully renovated and inspected, including a Certificate of Occupancy from the Marion Building and Fire Departments as a 4-unit property, giving you peace of mind and minimizing future maintenance concerns. Even better, it benefits from a Community Reinvestment Area (CRA) tax abatement, helping maximize your return by significantly reducing property taxes for the next 9 years. Situated in a desirable neighborhood with strong rental demand, this location is close to quality schools, local amenities, and major conveniences, making it attractive to long-term tenants. Whether you're a seasoned investor or just getting started, this is a rare opportunity to own a stabilized, income-generating asset with built-in tax advantages!
Income/Expenses
- Gross Income
- 42600
- Net Operating Income
- 0
- Total Expenses
- 0
Addl Acceptance Cond
- None Known
- Yes
Parking Features
- 2 Off Street
- Yes
- On Street
- Yes
Services Available
- Electricity Available
- Yes
- Natural Gas Available
- Yes
- Sewer Available
- Yes
- Water Available
- Yes
Miscellaneous
- Basement
- Yes
- W/D Hookups
- Yes
Heating
- Forced Air
- Yes
New Financing
- Conventional
- Yes
- Other
- Yes
MLS Primary PhotoSrc
- Realtor Provided
- Yes
Property Features
Addl Acceptance Cond:
None Known
Parking Features:
2 Off Street; On Street
Heating:
Forced Air
Services Available:
Electricity Available; Natural Gas Available; Sewer Available; Water Available
Miscellaneous:
Basement; W/D Hookups
New Financing:
Conventional; Other
MLS Primary PhotoSrc:
Realtor Provided
Listing Office:
Generations Realty
Listing Agent:
Chris Massey
Last Updated: April - 03 - 2026
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