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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