NOT LISTED FOR SALE

616 N Prospect St Marion, OH 43302

Studio
-- Bath
3,786 Sq Ft
0.28 Acre Lot

Sale Details

Date Sold: July 11, 2025

Last sale price $300,000 $79 Per Sq Ft

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

  • 12,197 Sq Ft 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

0.28 Acres

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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
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

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 $1,045 $47,310 $4,180 $43,130
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

  • Section Image
  • Section Image
See All Agents

Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 225016349

Columbus and Central Ohio Regional MLS
Your Personal Tour Guide

Ask me questions while you tour the home.