Two-Unit Residential
New
For Sale
$150,000
127 E Walnut St, Marion, OH 43302
Both residences have two bedrooms and are occupied under month-to-month leases.
Property Size2,216 SF
Price / SF$67.69
Days on Market4
Property Features for 127 E Walnut St
General Information
Standard status
Active
Size
2,216 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Building Details
Year Built
1925
Buildings
1
Tenancy
Multi
Listing Agency:
Ryan Ruehle, Exp Realty, LLC
Listed By:
Real Estate Showcase RES
(740) 389-2000
Source:
Resmarion
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 14 at 10:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ryan Ruehle, Exp Realty, LLC
Investment Insights
Based on property information with market context.
This Marion duplex contains two side-by-side residences with 2 bedrooms per unit. The 2,216-square-foot property was built in 1925, with bedrooms located on the upper floors. Vinyl siding, newer windows, window air conditioners, and off-street parking are among the property features. Recent work includes carpet and vinyl plank flooring, interior paint, a toilet replacement, and miscellaneous repairs.
Both units are tenant-occupied on month-to-month leases. The property is offered individually or as part of a multi-property package. Tenant rights apply to showings.
Both units are tenant-occupied on month-to-month leases. The property is offered individually or as part of a multi-property package. Tenant rights apply to showings.
Key Highlights
- Two side‑by‑side units, each with 2 bedrooms
- 2,216 square feet; built in 1925
- Both residences occupied on month‑to‑month leases
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,521
Cap Rate
5.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$150,420
$150.4K
Cap Rate 7%
$107,443
$107.4K
Cap Rate 9%
$83,567
$83.6K
Market Conditions
NOI Build-Up for 2,216 SF
Gross rent
$11.7K $5.28/SF
− Vacancy
−$956 −$0.43/SF
EGI
$10.7K $4.85/SF
− OpEx
−$3.2K −$1.45/SF
NOI
$7.5K $3.39/SF
Area
Marion County, OH
Vacancy
8.17%
Lease Rate
$5.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$150,420
Cap Rate 7%
$107,443
Cap Rate 9%
$83,567
Alternative Uses
Best Use
Multifamily LT 5
$107.4K
$94.0K – $125.4K
NOI $7,521 @ 7.0% cap · market cap 5.01%
Second Best
Apartment 5plus
$93.1K
$81.5K – $108.6K
NOI $6,517 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$447.3K
$391.4K – $521.9K
NOI $31,313 @ 7.0% cap · market cap 20.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
615
Businesses Nearby
Explore this area
Business Placement
Demographics for 43302, OH
54,094
Population
22,483
Households
2.4
Avg Household Size
41
Median Age
13%
College-Educated
88%
High-School Grad
195.0 sq mi
ZIP Area
277
Density / Sq Mi
$53,833
Median Household Income
$36,816
Median Earnings
$853
Median Rent
$139,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences have two bedrooms and are occupied under month-to-month leases.
Where is this duplex located?
The property is located at 127 E Walnut St Marion, OH.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Two side‑by‑side units, each with 2 bedrooms; 2,216 square feet; built in 1925; Both residences occupied on month‑to‑month leases
