$2,850,000
SOLD MAR 31, 2025

132 E George St Marion, OH 43302

-- Bed
-- Bath
-- Sq Ft
0.25 Acres

Recently Sold

0 Day on Market

Highlights

  • Home Security System
  • Forced Air Heating and Cooling System
  • Garage

About This Home

As of March 2025

Incredible opportunity to own a 35 unit cash flowing portfolio in Marion, Ohio. Consists of a 15 unit complex complete with a laundry facility and a 3000sf garage/office, as well as 10 doubles in close proximity allowing for efficient property management. All units have been updated over time by owners and rents are at market rates making this a true turnkey opportunity with a current 9.5% cap rate! The owners self manage and would assist new owners with transfer of their online management system through Tenant Cloud.

Last Agent to Sell the Property

Chris Shea

Keller Williams Consultants License #2013004291 Listed on: 04/01/2025

Keller Williams Consultants

Last Buyer's Agent

Angela Tanner-Miller

Coldwell Banker Realty License #2012002533

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1920

Lot Details

  • 0.25 Acre Lot
  • Additional Parcels

Home Design

  • Mixed Use
  • Brick Exterior Construction
  • Vinyl Siding

Parking

  • Garage
  • Common or Shared Parking
  • On-Street Parking

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Additional Features

  • Basement

Listing and Financial Details

  • The owner pays for sewer
  • Assessor Parcel Number 12103000-2800

Community Details

Overview

  • 17 Buildings
  • 35 Units

Building Details

  • Insurance Expense $18,928
  • Maintenance Expense $13,240
  • Water Sewer Expense $10,611
  • Operating Expense $73,000
  • Gross Income $343,000
  • Net Operating Income $270,000

Property Details

Home Type

Multi-Family

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1920
  • Property Sub-Type: Mixed Use
  • Lot Size Acres: 0.25
  • Total Gross Income: 343000.0
  • Co List Office Phone: 614-932-2000
  • MLS Status: Closed
  • Remarks Misc Hot Sheet Comments: new
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 343000.0
  • Annual Expenses: 73000.0
  • Heat Fuel Gas4: Yes
  • Services Available Storm Sewer: Yes
  • Miscellaneous Basement2: Yes
  • General Property Info # of Buildings: 17.0
  • Owner Pays Sewer3: Yes
  • Miscellaneous Security System3: Yes
  • Air Conditioning Central Air: Yes
  • Services Available Electricity Available: Yes
  • Services Available Natural Gas Available: Yes
  • Services Available Water Available: Yes
  • Services Available Sewer Available: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Vinyl Siding2: Yes
  • Construction:Brick2: Yes

Garage/Parking

  • Parking Features: Common
  • Parking Features On Street2: Yes
  • Parking Features 3 Car Garage2: Yes
  • Parking Features Common: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • Cooling: Central Air, Other
  • Cooling Y N: Yes
  • Utilities: Water Available, Sewer Available, Natural Gas Available, Electricity Available, Storm Sewer
  • Heating:Forced Air: Yes

Fee Information

  • Annual Water Sewer Expense: 10610.8

Schools

  • Junior High Dist: MARION CSD 5102 MAR CO.

Lot Info

  • Parcel Number: 12103000-2800
  • Lot Size Sq Ft: 10890.0
  • Additional Parcels Description: 12103000-2900,12419000-3200, 12205010-1500, 12206000-1100, 12313000-2100, 12314000-4700, 12206000-1300, 12204000-0600, 12212000-1000, 12205010-0500, 12206010-2700
  • Additional Parcels: Yes

Rental Info

  • Owner Pays: Sewer

Multi Family

  • Monthly Rent (Other): 1000.0
  • Number Of Units Total: 35
  • Insurance Expense: 18928.0
  • Maintenance Expense: 13240.0
  • Net Operating Income: 270000.0
  • Annual Operating Expense: 73000.0
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/31/2025 03/31/25 Sold $2,850,000 0.0% --
02/04/2025 02/04/25 Off Market $2,850,000 -- --
02/04/2025 02/04/25 For Sale $2,850,000 0.0% --
01/27/2025 01/27/25 Off Market $2,850,000 -- --
01/27/2025 01/27/25 For Sale $2,850,000 +773.6% --
02/08/2021 02/08/21 Sold $326,250 -27.3% $35 / Sq Ft View Prior Sale
12/11/2020 12/11/20 For Sale $449,000 -- $48 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 225002392

Columbus and Central Ohio Regional MLS