Jay Stanley
RE/MAX Consultant Group
(380) 210-0897
110 Total Sales
2 in Marion
$250K - $335K Price Range
551 S Main St Marion, OH 43302
Marion Area
6
Beds
1
Bath
2,391
Sq Ft
6,098
Sq Ft Lot
About This Home
As of May 2026Investor Opportunity in the Heart of Marion! Don't miss this fully updated 4-unit income-producing property located at 551-553 S Main St in Marion, Ohio. With 2 - 2 bed units and 2 - 1 bed units this property has currently generated $3,550/month in rental income. This turnkey investment is already ready to start cash flowing from day one! New roof, windows, flooring, paint, lighting, kitchens, bathrooms, and appliances. This property has been thoughtfully renovated and inspected, including a Certificate of Occupancy from the Marion Building and Fire Departments as a 4-unit property, giving you peace of mind and minimizing future maintenance concerns. Even better, it benefits from a Community Reinvestment Area (CRA) tax abatement, helping maximize your return by significantly reducing property taxes for the next 9 years. Situated in a desirable neighborhood with strong rental demand, this location is close to quality schools, local amenities, and major conveniences, making it attractive to long-term tenants. Whether you're a seasoned investor or just getting started, this is a rare opportunity to own a stabilized, income-generating asset with built-in tax advantages!
Last Agent to Sell the Property
Generations Realty License #2023006455 Listed on: 04/03/2026
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $939
Year Built
- Built in 1920
Lot Details
- 6,098
Home Design
- 2,391 Sq Ft Home
Parking
- 4 Parking Spaces
- On-Street Parking
Additional Features
- Washer and Dryer Hookup
- 6,098 Sq Ft Lot
- Forced Air Heating System
- Basement
Listing and Financial Details
- Assessor Parcel Number 12-3050013.100
Community Details
Overview
- 4 Units
- Mid-Rise Community
Building Details
- Gross Income $42,600
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 9, 2024
Sold by
Great Inv Properties Llc
Bought by
Purchase Details
Closed on
Jul 29, 2011
Sold by
Buckeye Valley Farms Ltd
Bought by
Great Investment Properties Llc
Purchase Details
Closed on
May 3, 2001
Bought by
Great Investment Properties Llc
Purchase Details
Closed on
Dec 29, 1994
Bought by
Great Investment Properties Llc
Purchase Details
Closed on
Aug 7, 1991
Bought by
Great Investment Properties Llc
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Marion, OH
-
Jay Stanley
-
Kayleen Antritt
Kayleen Antritt
Keller Williams Consultants
(380) 208-0642
124 Total Sales
1 in Marion
$129,000 Price
-
Tyler Griffith
Tyler Griffith
RE/MAX Peak
(234) 239-8999
369 Total Sales
2 in Marion
$221K - $285K Price Range
-
Mark Corbin
Mark Corbin
NextHome Experience
(380) 205-9926
66 Total Sales
1 in Marion
$110,000 Price
-
Candace Neff
Candace Neff
Real of Ohio
(740) 685-4616
131 Total Sales
2 in Marion
$130K - $169K Price Range
-
Vivian Eichel
Vivian Eichel
MODERN OHIO REALTY
(866) 613-6874
34 Total Sales
1 in Marion
$170,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $93,000 | None Listed On Document | ||
| Great Investment Properties Llc | $54,500 | Chicago Title | |
| Great Investment Properties Llc | $68,000 | -- | |
| Great Investment Properties Llc | $53,900 | -- | |
| Great Investment Properties Llc | $25,300 | -- |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/29/2026 05/29/26 | Sold | $297,000 | -1.0% | $124 / Sq Ft |
| 04/03/2026 04/03/26 | For Sale | $299,900 | -- | $125 / Sq Ft |
Source: Columbus and Central Ohio Regional MLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $941 | $21,090 | $3,190 | $17,900 |
| 2024 | $984 | $20,610 | $2,710 | $17,900 |
| 2023 | $984 | $20,610 | $2,710 | $17,900 |
| 2022 | $904 | $20,610 | $2,710 | $17,900 |
| 2021 | $795 | $17,030 | $2,710 | $14,320 |
| 2020 | $823 | $17,030 | $2,710 | $14,320 |
| 2019 | $819 | $17,030 | $2,710 | $14,320 |
| 2018 | $744 | $15,770 | $2,550 | $13,220 |
| 2017 | $747 | $15,770 | $2,550 | $13,220 |
| 2016 | $749 | $15,770 | $2,550 | $13,220 |
| 2015 | $1,034 | $21,550 | $2,550 | $19,000 |
| 2014 | $1,034 | $21,550 | $2,550 | $19,000 |
| 2012 | $977 | $20,090 | $3,030 | $17,060 |
Source: Public Records
Agents Affiliated with this Home
-
Chris Massey
CM
Seller's Agent in 2026
Chris Massey
Generations Realty
(740) 361-3889
78 Total Sales
-
Alexis King
AK
Buyer's Agent in 2026
Alexis King
Generations Realty
(419) 447-1703
4 Total Sales
Map
Source: Columbus and Central Ohio Regional MLS
MLS Number: 226010254
APN: 12-305001.3100
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
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