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42-Unit Apartment Building
New
For Sale
$3,200,000

288319 288-319 Owens St, Marion, OH 43302

Apartment complex with insulated construction supporting efficient heating across the property.

Property SizeContact for details
Days on Market6

Property Features for 288319 288-319 Owens St

General Information

Standard status Active
Property subtype Multi-Family

Units

Unit Mix 18 x 2BR, 24 x 1BR
Multifamily Units 42

Building Details

Year Built 2007
Listing Agency: Real Estate Showcase, RES
Listed By: Rick Roe · License #2002007969
Source: Dreamcolumbus
Added: Aug 25 Changed: Aug 28 Last Checked: Aug 29 at 12:03PM

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 Real Estate Showcase, RES

Investment Insights

Based on property information with market context.

Built in 2007, this 42-unit apartment complex includes 18 two-bedroom apartments and 24 one-bedroom apartments. The buildings feature 8-inch walls and heavy insulation, supporting efficient heating performance across the property.

The complex is located on Owens St in Marion, Ohio. Utilities run approximately 21% of income per month, providing an operating metric for buyer review.

Key Highlights

  • 42‑unit apartment complex built in 2007
  • Unit mix includes 18 two‑bedroom and 24 one‑bedroom apartments
  • Buildings feature 8‑inch walls and heavy insulation

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Parking Lot & Garage Accounting Firm Skin Care Clinic Kitchen & Bath Showroom Catering Service Garden Center

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

Lease Details

42
Residential units

Location Intelligence

Trade Area within ½ mile

770
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
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Apartment complex with insulated construction supporting efficient heating across the property.
Where is this apartment building located?
The property is located at 288319 288-319 Owens St Marion, OH.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 42‑unit apartment complex built in 2007; Unit mix includes 18 two‑bedroom and 24 one‑bedroom apartments; Buildings feature 8‑inch walls and heavy insulation
More about this property
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