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Two-Building Apartment Property
For Sale
$399,900

255 S State Street, Marion, OH 43302

Mixed unit layouts and recent improvements support continued multifamily use at this residential income property.

Property SizeContact for details
Days on Market46

Property Features for 255 S State Street

General Information

Standard status Active
Property subtype Multi Family Home

Taxes and HOA fees

Annual Taxes $2,872

Building Details

Year Built 1900
Units 6
Listing Agency: Generations Realty
Listed By: Blair Rowland
Source: Carolgoffrealestate
Added: Jul 16 Changed: Aug 28 Last Checked: Aug 29 at 10:18AM

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 Generations Realty

Investment Insights

Based on property information with market context.

This multifamily property includes six apartment units arranged across two buildings. The primary structure contains four two-bedroom apartments, while the separate building has two one-bedroom apartments, creating a mix of unit layouts. A new roof and renovations completed throughout most of the units are among the recent property improvements.

Four units are occupied, and two are vacant. One available apartment is move-in ready, while the other requires cosmetic work. Built in 1900, the property is located at 255 S State Street in Marion, Ohio.

Key Highlights

  • Six apartments distributed between two buildings
  • Unit mix includes four 2‑bedroom and two 1‑bedroom apartments
  • Four of 6 units are occupied; 2 are vacant

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Skin Care Clinic Parking Lot & Garage Real Estate Agency Accounting Firm Gym & Fitness Center Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

968
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Mixed unit layouts and recent improvements support continued multifamily use at this residential income property.
Where is this apartment building located?
The property is located at 255 S State Street Marion, OH.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Six apartments distributed between two buildings; Unit mix includes four 2‑bedroom and two 1‑bedroom apartments; Four of 6 units are occupied; 2 are vacant
More about this property
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