551 Universal Ave Unit 555 Marion, OH 43302
Estimated payment $834/month
About This Home
Turnkey Investment Opportunity! This fully renovated duplex (2023) is a perfect addition to any investor's portfolio. Each unit offers 2 bedrooms and 1 full bath, with modern updates throughout. Tenants enjoy stylish finishes, functional layouts, and separate entrances. Current rents are $705 and $725/month, providing reliable income from day one. Tenants are on month-to-month leases. Whether you're looking to house-hack or cash-flow, this property is a low-maintenance winner.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,379
Year Built
- Built in 1942
Lot Details
- 6,098 Sq Ft Lot
Parking
- 4 Parking Spaces
Home Design
- 1,664 Sq Ft Home
- Duplex
Utilities
- Forced Air Heating System
- Heating System Uses Gas
Listing and Financial Details
- Assessor Parcel Number 12-2130002.900
Community Details
Overview
- 2 Units
Building Details
- Water Sewer Expense $601
- Operating Expense $1,376
- Gross Income $17,160
- Net Operating Income $15,784
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 |
|---|---|---|---|---|
| 2024 | $1,379 | $20,260 | $2,150 | $18,110 |
| 2023 | $1,379 | $20,260 | $2,150 | $18,110 |
| 2022 | $723 | $20,260 | $2,150 | $18,110 |
| 2021 | $672 | $16,970 | $1,870 | $15,100 |
| 2020 | $674 | $16,970 | $1,870 | $15,100 |
| 2019 | $924 | $16,970 | $1,870 | $15,100 |
| 2018 | $1,266 | $12,430 | $1,870 | $10,560 |
| 2017 | $928 | $12,430 | $1,870 | $10,560 |
| 2016 | $496 | $12,430 | $1,870 | $10,560 |
| 2015 | $495 | $12,140 | $1,780 | $10,360 |
| 2014 | $695 | $12,140 | $1,780 | $10,360 |
| 2012 | $807 | $19,620 | $1,830 | $17,790 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/01/2025 08/01/25 | For Sale | $134,900 | -- | $81 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $160,000 | -- | |
| Interfamily Deed Transfer | -- | None Available | |
| Survivorship Deed | $52,500 | Marion Title | |
| Deed | $46,900 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $269,500 | New Conventional | |
| Closed | $150,000 | Seller Take Back | |
| Previous Owner | $700,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $42,000 | New Conventional |
Source: Columbus and Central Ohio Regional MLS
MLS Number: 225028952
APN: 12-2130002.900
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.
- 430 1/2 Oak St Unit 430 Oak St. Unit #2
- 483 N Prospect St
- 228 E Center St
- 370 S State St Unit 1
- 1250 Crescent Heights Rd
- 258 University Dr
- 1605 Southland Pkwy
- 372 James Way
- 406 Park St
- 406 Park St Unit 2
- 400 Park St
- 202 Heritage Cir
- 540 Douglas St
- 3388 Steamtown Rd
- 407 S Delaware St
- 1779 Whetstone St
- 1325 Whetstone St
- 546 Lamont
- 412 Golden Maple Place
- 400 Golden Maple Place