557 Summit Street, Marion, OH 43302
$159,900
Property Type:
Multi-Family
Lot Size (sq. ft.):
9,148
Status:
Active
Current Price:
$159,900
List Date:
12/03/2025
Last Modified:
1/31/2026
Description
Opportunity knocks with this vacant, rent-ready duplex in the heart of Marion. Whether you're an investor looking to set your own rents and select new tenants, or an owner-occupant wanting to live in one unit while renting the other, 557 Summit Street provides flexibility, income potential, and upside.
This spacious duplex features two separate units totaling 1,913 sqft, plus a 2-car attached garage—a rare find in this price range.
Unit Breakdown:
Downstairs Unit: 2 bedrooms, 1.5 baths
Upstairs Unit: 1 bedroom, 1 bath
Both units are fully vacant, offering a clean slate for leasing, renovation, or owner occupancy.
The previous tenants paid a combined $1,100/month and covered all utilities, giving investors a benchmark while leaving room for rental rate improvement with light updates. With a 0.21-acre lot, public sewer, and convenient access to Downtown Marion, shops, parks, and schools, this location is ideal for long-term tenant demand.
Whether you're building your rental portfolio or searching for a house-hack opportunity, this duplex offers strong cash-flow potential with immediate availability.
Supplements: ********
More Information MLS# 225044653
Location & Property Info
List Price/SqFt: 83.59
City (Mailing Addr): Marion
Corp LimitPerAuditor: Marion
Office/Contract Info
For Sale: Yes
Exchange: No
General Property Info
Built Prior to 1978: Yes
Building Sqft: 1913
Number of Units: 2
Year Built: 1910
Acreage: 0.21
Tax Info
Tax Abatement: No
Taxes (Yrly): 1906
Parcel #: 12-4320001.900
Tax Year: 2024
Remarks & Misc
Property Description: Opportunity knocks with this vacant, rent-ready duplex in the heart of Marion. Whether you're an investor looking to set your own rents and select new tenants, or an owner-occupant wanting to live in one unit while renting the other, 557 Summit Street provides flexibility, income potential, and upside.
This spacious duplex features two separate units totaling 1,913 sqft, plus a 2-car attached garage—a rare find in this price range.
Unit Breakdown:
Downstairs Unit: 2 bedrooms, 1.5 baths
Upstairs Unit: 1 bedroom, 1 bath
Both units are fully vacant, offering a clean slate for leasing, renovation, or owner occupancy.
The previous tenants paid a combined $1,100/month and covered all utilities, giving investors a benchmark while leaving room for rental rate improvement with light updates. With a 0.21-acre lot, public sewer, and convenient access to Downtown Marion, shops, parks, and schools, this location is ideal for long-term tenant demand.
Whether you're building your rental portfolio or searching for a house-hack opportunity, this duplex offers strong cash-flow potential with immediate availability.
Income/Expenses
Gross Income: 13000
Net Operating Income: 12500
Total Expenses: 500
Addl Acceptance Cond
None Known: 1
Auction Info
Auction/Online Bidding Y/N: No
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 159900
List Price: $159,900
Property Sub Type: Duplex
Street #: 557
Street Name: Summit
Street Suffix: Street
County: Marion
State: OH
Zip Code: 43302
School District: MARION CSD 5102 MAR CO.
Township: Marion
OfficeContract Info
Status: Active
MLS Entry Date: 2025-12-03
Property Features
Addl Acceptance Cond: None Known
MLS Primary PhotoSrc: Realtor Provided
Listing Office:
RE/MAX Revealty
Listing Agent:
Joshua D Cooper
Last Updated: January - 31 - 2026
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