$300,000
SOLD JUL 11, 2025

616 N Prospect St Marion, OH 43302

-- Bed
-- Bath
3,786 Sq Ft
0.28 Acres

Recently Sold

$79 Per Sq Ft

1% Below List Price

25 Days on Market

About This Home

As of July 2025

2 Exceptionally nice rental units on one property!! The 3 unit is all 1 bedroom and 1 bath. The 2nd unit duplex are both 2 bedroom and 1 bath. The 3 unit brings in $1,960 per month and the 2 unit brings in $1,750 per month for a gross income of $3,710 per month. Owner/Lessor pays all utilities/taxes/insurance and the expenses average approx. 21% for a net income of approx. $2,930 per month. Excellent investment oppurtunity!

Last Agent to Sell the Property

Rick Roe

Real Estate Showcase, RES License #2002007969 Listed on: 05/13/2025

Last Buyer's Agent

Erica Logan

Real Estate Showcase, RES License #2015005901

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,045

Year Built

  • Built in 2005

Lot Details

  • 0.28 Acre Lot

Parking

  • Common or Shared Parking

Home Design

  • 3,786 Sq Ft Home
  • Mixed Use
  • Brick Exterior Construction
  • Vinyl Siding

Utilities

  • No Cooling
  • Heating System Uses Gas
  • Radiant Heating System
  • Gas Available

Listing and Financial Details

  • The owner pays for electricity, gas, sewer, trash collection, water
  • Assessor Parcel Number 12-2060106.900

Community Details

Overview

  • 5 Units

Building Details

  • Operating Expense $780
  • Gross Income $3,710
  • Net Operating Income $2,930

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,045

Year Built

Built in 2005

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 2005
  • Tax Year: 2024
  • Property Sub-Type: Mixed Use
  • Lot Size Acres: 0.28
  • Total Gross Income: 3710.0
  • Co List Office Phone: 740-389-2000
  • MLS Status: Closed
  • Location Property Info List PriceSqFt: 80.3
  • Remarks Misc Hot Sheet Comments: new
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 3710.0
  • Annual Expenses: 780.0
  • Heat Fuel Gas4: Yes
  • Services Available Storm Sewer: Yes
  • General Property Info Building Sq Ft: 3786.0
  • Air Conditioning None3: Yes
  • Owner Pays Electric5: Yes
  • Owner Pays Gas6: Yes
  • Owner Pays Sewer3: Yes
  • Owner Pays Trash2: Yes
  • Owner Pays Water4: Yes
  • Services Available Electricity Available: Yes
  • Services Available Natural Gas Available: Yes
  • Services Available Water Available: Yes
  • Services Available Sewer Available: Yes
  • Water Source Public: Yes
  • Remarks Misc Property Description3: 2 Exceptionally nice rental units on one property!! The 3 unit is all 1 bedroom and 1 bath. The 2nd unit duplex are both 2 bedroom and 1 bath. The 3 unit brings in $1,960 per month and the 2 unit brings in $1,750 per month for a gross income of $3,710 per month. Owner/Lessor pays all utilities/taxes/insurance and the expenses average approx. 21% for a net income of approx. $2,930 per month. Excellent investment oppurtunity!
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Construction:Vinyl Siding2: Yes
  • Construction:Brick2: Yes

Garage/Parking

  • Parking Features: Common
  • Parking Features Common: Yes

Utilities

  • Sewer: Public Sewer
  • Cooling: None
  • Cooling Y N: No
  • Utilities: Water Available, Sewer Available, Natural Gas Available, Electricity Available, Storm Sewer
  • Water Source: Public
  • Heating:Radiant: Yes

Schools

  • Junior High Dist: MARION CSD 5102 MAR CO.

Lot Info

  • Parcel Number: 12-2060106.900
  • Lot Size Sq Ft: 12196.8

Rental Info

  • Owner Pays: Electricity, Gas, Sewer, Trash Collection, Water

Multi Family

  • Number Of Units Total: 5
  • Net Operating Income: 2930.0
  • Annual Operating Expense: 780.0

Tax Info

  • Tax Annual Amount: 1045.0
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/11/2025 07/11/25 Sold $300,000 -1.3% $79 / Sq Ft
06/07/2025 06/07/25 Pending -- -- --
05/13/2025 05/13/25 For Sale $304,000 -- $80 / Sq Ft
Source: Columbus and Central Ohio Regional MLS

Tax History Compared to Growth

Source: Public Records

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 $1,045 $22,540 $3,380 $19,160
2023 $1,045 $22,540 $3,380 $19,160
2022 $989 $22,540 $3,380 $19,160
2021 $1,051 $22,540 $3,380 $19,160
2020 $1,088 $22,540 $3,380 $19,160
2019 $1,084 $22,540 $3,380 $19,160
2018 $960 $20,370 $3,220 $17,150
2017 $964 $20,370 $3,220 $17,150
2016 $1,203 $25,340 $3,220 $22,120
2015 $1,236 $25,750 $3,220 $22,530
2014 $156 $3,220 $3,220 $0
2012 $123 $2,540 $2,540 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 225016349

Columbus and Central Ohio Regional MLS