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255 S State Street Marion, OH 43302
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Key Details
Sold Price $377,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 226026615
Sold Date 09/18/26
Year Built 1900
Annual Tax Amount $2,872
Lot Size 6,969 Sqft
Lot Dimensions 0.16
Property Sub-Type Mixed Use
Source Columbus and Central Ohio Regional MLS
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.
Location
State OH
County Marion
Area 0.16
Rooms
Other Rooms None
Dining Room No
Interior
Equipment No
Laundry No Laundry Rooms
Schools
High Schools Marion Csd 5102 Mar Co.
School District Marion Csd 5102 Mar Co.
Others
Tax ID 12-4020002.900
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NEARBY SCHOOLS & BUSINESSES
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