551 S Main St Marion, OH 43302
Estimated payment $1,657/month
About This Home
Investor 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!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $939
Year Built
- Built in 1920
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
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 | $984 | $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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/03/2026 04/03/26 | For Sale | $299,900 | -- | $125 / Sq Ft |
Source: Columbus and Central Ohio Regional MLS
MLS Number: 226010254
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