389 Oak St Marion, OH 43302
Estimated payment $1,116/month
About This Home
Attention Investors and Owner-Occupants! This well-maintained duplex offers a fantastic opportunity for investors seeking steady rental income or for buyers looking to live in one unit while letting the other help pay the mortgage. The property features separate entrances for each unit and a fully fenced backyard, providing privacy and functional outdoor space. Each unit offers 3 bedrooms and 1 bathroom. Unit 1 is currently rented for $1,200 per month with a long-term tenant in place since 2015, providing reliable income from day one. Unit 2 is currently rented for $850 per month with potential for future rental upside. Key updates include a roof replaced in 2015, furnaces updated in 2022 and 2017, and hot water tanks replaced in 2014 and 2021. The owner currently pays sewer, which averages approximately $90 per month combined for both units, while tenants pay all other utilities. Seller is willing to assist with closing costs, and lenders with down payment assistance programs are available, making this a great opportunity for both seasoned investors and buyers looking to build equity while generating rental income. Please do not disturb tenants. Member of selling entity is a Licensed Real Estate agent.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $992
Year Built
- Built in 1900
Lot Details
- 3,920 Sq Ft Lot
Home Design
- 2,016 Sq Ft Home
- Duplex
- Vinyl Siding
Utilities
- No Cooling
- Forced Air Heating System
- Heating System Uses Gas
Community Details
- 2 Units
- Gross Income $24,600
Listing and Financial Details
- The owner pays for sewer
- Assessor Parcel Number 12-2050005.600
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $992 | $34,130 | $2,070 | $32,060 |
| 2024 | $992 | $25,850 | $1,930 | $23,920 |
| 2023 | $992 | $25,850 | $1,930 | $23,920 |
| 2022 | $921 | $25,850 | $1,930 | $23,920 |
| 2021 | $855 | $21,600 | $1,670 | $19,930 |
| 2020 | $857 | $21,600 | $1,670 | $19,930 |
| 2019 | $857 | $21,600 | $1,670 | $19,930 |
| 2018 | $925 | $23,330 | $1,670 | $21,660 |
| 2017 | $937 | $23,330 | $1,670 | $21,660 |
| 2016 | $931 | $23,330 | $1,670 | $21,660 |
| 2015 | $946 | $23,180 | $1,590 | $21,590 |
| 2014 | $948 | $23,180 | $1,590 | $21,590 |
| 2012 | $959 | $23,300 | $1,190 | $22,110 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/14/2026 03/14/26 | For Sale | $194,900 | +94.9% | $97 / Sq Ft | |
| 06/26/2025 06/26/25 | Sold | $100,000 | -9.1% | $50 / Sq Ft | View Prior Sale |
| 05/10/2025 05/10/25 | For Sale | $110,000 | +10.0% | $55 / Sq Ft | |
| 05/10/2025 05/10/25 | Off Market | $100,000 | -- | -- | |
| 04/10/2025 04/10/25 | Price Changed | $110,000 | -8.3% | $55 / Sq Ft | |
| 03/28/2025 03/28/25 | For Sale | $120,000 | -- | $60 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $100,000 | None Listed On Document | |
| Warranty Deed | $100,000 | None Listed On Document | |
| Warranty Deed | $68,000 | None Available | |
| Warranty Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | First American Title Ins Co | |
| Deed | $52,700 | -- | |
| Deed | $36,900 | -- | |
| Deed | $55,200 | -- | |
| Deed | $13,500 | -- | |
| Deed | $10,100 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $75,000 | New Conventional | |
| Closed | $75,000 | New Conventional | |
| Previous Owner | $51,000 | New Conventional | |
| Previous Owner | $49,164 | New Conventional |
Source: Columbus and Central Ohio Regional MLS
MLS Number: 226007678
APN: 12-2050005.600
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Information is deemed reliable but not guaranteed.
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Ask me questions while you tour the home.