557 Summit St Marion, OH 43302
Estimated payment $1,018/month
About This Home
Opportunity knocks with this vacant, rent-ready duplex in the heart of Marion. Whether you're an investor looking to set your own rents and select new tenants, or an owner-occupant wanting to live in one unit while renting the other, 557 Summit Street provides flexibility, income potential, and upside. This spacious duplex features two separate units totaling 1,913 sqft, plus a 2-car attached garage—a rare find in this price range. Unit Breakdown:
Downstairs Unit: 2 bedrooms, 1.5 baths Upstairs Unit: 1 bedroom, 1 bath Both units are fully vacant, offering a clean slate for leasing, renovation, or owner occupancy. The previous tenants paid a combined $1,100/month and covered all utilities, giving investors a benchmark while leaving room for rental rate improvement with light updates. With a 0.21-acre lot, public sewer, and convenient access to Downtown Marion, shops, parks, and schools, this location is ideal for long-term tenant demand. Whether you're building your rental portfolio or searching for a house-hack opportunity, this duplex offers strong cash-flow potential with immediate availability.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,906
Year Built
- Built in 1910
Lot Details
- 8,712 Sq Ft Lot
Parking
- Attached Garage
Home Design
- 1,913 Sq Ft Home
- Duplex
Additional Features
- Basement
Listing and Financial Details
- Assessor Parcel Number 12-4320001.900
Community Details
Overview
- 2 Units
Building Details
- Operating Expense $500
- Gross Income $13,000
- Net Operating Income $12,500
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,906 | $56,320 | $8,700 | $47,620 |
| 2024 | $1,906 | $43,570 | $8,310 | $35,260 |
| 2023 | $1,906 | $43,570 | $8,310 | $35,260 |
| 2022 | $1,755 | $43,570 | $8,310 | $35,260 |
| 2021 | $1,539 | $34,350 | $7,220 | $27,130 |
| 2020 | $1,362 | $34,350 | $7,220 | $27,130 |
| 2019 | $1,361 | $34,350 | $7,220 | $27,130 |
| 2018 | $1,090 | $37,050 | $7,220 | $29,830 |
| 2017 | $1,105 | $37,050 | $7,220 | $29,830 |
| 2016 | $1,099 | $37,050 | $7,220 | $29,830 |
| 2015 | $1,086 | $36,130 | $6,870 | $29,260 |
| 2014 | $1,088 | $36,130 | $6,870 | $29,260 |
| 2012 | $1,115 | $36,630 | $5,470 | $31,160 |
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 |
|---|---|---|---|---|
| 06/28/2026 06/28/26 | For Sale | $159,900 | -- | $84 / Sq Ft |
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 | $77,000 | None Available | |
| Deed | $85,000 | -- | |
| Deed | -- | -- | |
| Deed | $14,000 | -- | |
| Deed | $12,000 | -- | |
| Deed | -- | -- |
Mortgage 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 | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $61,600 | Commercial |
Source: Columbus and Central Ohio Regional MLS
MLS Number: 226023944
APN: 12-4320001.900
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