Carol Lessick
Century 21 Excellence Realty
(419) 949-8562
262 Total Sales
15 in Marion
$100K - $277K Price Range
551 S Main St Marion, OH 43302
Marion Area
--
Bed
--
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
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
Bought by
Purchase Details
Closed on
Jul 29, 2011
Sold by
Bought by
Purchase Details
Closed on
May 3, 2001
Bought by
Purchase Details
Closed on
Dec 29, 1994
Bought by
Purchase Details
Closed on
Aug 7, 1991
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Marion, OH
-
Carol Lessick
-
Denise Fate
Denise Fate
Keller Williams Capital Ptnrs
(380) 777-5605
112 Total Sales
3 in Marion
$130K - $140K Price Range
-
Katie Poling
Katie Poling
Fiv Realty Co Ohio LLC
(866) 303-1551
22 Total Sales
1 in Marion
$214,900 Price
-
Lawrence Gohring
Lawrence Gohring
Responds QuicklyVeterans Plus Real Estate Advisors
(888) 373-9418
46 Total Sales
1 in Marion
$146,000 Price
-
Natalie Morrison
Natalie Morrison
e-Merge Real Estate
(380) 666-3192
265 Total Sales
1 in Marion
$290,500 Price
-
Stacey Morris
Stacey Morris
R.K. Morris & Associates
(380) 210-4218
43 Total Sales
1 in Marion
$177,000 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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $93,000 | None Listed On Document | |
| Warranty Deed | $54,500 | Chicago Title | |
| Deed | $68,000 | -- | |
| Deed | $53,900 | -- | |
| Deed | $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
C
Seller's Agent in 2026
Chris Massey
Generations Realty
(740) 361-3889
75 Total Sales
-
Alexis King
A
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
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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