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    Marion, OH 43302

    New
    For Sale
    $190,000

    MULTI_FAMILY - Marion, OH

    Lot size:
    0.07 Acres
    Days on Market:
    2
    Last Refresh:
    Dec 13 at 5:06 pm

    Property Features for

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    APN
    12-4160007.000
    Lot size
    0.07 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1920
    Number of units
    3

    Red 1 Realty, LLC (614) 585-9020 [email protected]

    Listing agent Brent J Merriman (614) 725-7815

    Listing date Dec 12, 2025

    Copyright © 2025 Columbus and Central Ohio Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Building: Investor Opportunity

    This mixed-use building presents an investor opportunity, combining income potential with flexible space. The main level features commercial space with an additional 600 sq ft rear area suitable for storage, office use, or a boutique-style rental. Recent improvements include a newer roof, refreshed mechanicals, and an upgraded electrical panel, potentially facilitating conversion to another residential unit. Upstairs, two one-bedroom, one-bathroom apartments generate a combined income of $825 per month. The property's total income is $2,625 per month. The property is located in Marion, OH 43302 and sits on a 0.07-acre lot.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Marion
    County
    Marion
    State
    Ohio
    Longitude
    -83.1323
    Latitude
    40.5952

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    FAQs

    What type of property is this?
    Mixed-use property - Versatile mixed-use building with commercial space and residential units.
    Where is this mixed-use property located?
    The property is located at Marion, OH.
    What is the asking price?
    The asking price for this property is $190,000.
    What are key features of this property?
    This property features: - High Income Potential: Property generates $2,625/month.; - Mixed-Use Building: Features commercial space and two residential apartments.; - Flexible Commercial Space: Adaptable main level with an additional 600 sq. ft. rear area.
    (614) 725-7815
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    Marion, OH 43302
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Marion, OH 43302
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