Two-Unit Duplex with 5
318-320 East Center Street Marion, OH 43302
318-320 East Center Street, Marion, OH, 43302
$159,900
For Sale
$159,900
Duplex with two separate units, offering 3 bedrooms on the lower level and 2 bedrooms above.
Property Size3,146 SF
Price / SF$50.83
Days on Market47
Property Features for 318-320 East Center Street
General Information
- Standard status
- Active
- Size
- 3,146 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1920
Listing agency
Generations Realty
(740) 361-3360
Listed by
John Christopher Massey · License #2025001252
(740) 361-3360
Source
Compass
Added: Jun 7 Updated: Jul 22 at 8:55PM Checked: Jul 22 at 8:55PM
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 two-unit duplex at 318-320 E. Center Street offers a practical layout for both investors and owner-occupants. The lower unit features 3 bedrooms and 1 bathroom, while the upper unit offers 2 bedrooms and 1 bathroom. Both units include generously sized living rooms and dining rooms, supporting comfortable day-to-day living.
The property is located just a few blocks from downtown Marion, with convenient access to nearby amenities and major routes. The home retains much of its historic character, providing an opportunity for updates and improvements.
Each unit is configured as a self-contained home with its own bedroom and bathroom count, creating a straightforward duplex setup for rental or owner-occupied use.
The property is located just a few blocks from downtown Marion, with convenient access to nearby amenities and major routes. The home retains much of its historic character, providing an opportunity for updates and improvements.
Each unit is configured as a self-contained home with its own bedroom and bathroom count, creating a straightforward duplex setup for rental or owner-occupied use.
Key Highlights
- Duplex at 318‑320 E. Center Street, built in 1920
- Lower unit offers 3 bedrooms and 1 bathroom
- Upper unit offers 2 bedrooms and 1 bathroom
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $16.6k | $5.28 |
| − Vacancy | −$1.4k | −$0.43 |
| EGI | $15.3k | $4.85 |
| − OpEx | −$4.6k | −$1.45 |
| NOI | $10.7k | $3.39 |
3,146 SF · lease $5.28/SF/yr · vacancy 8.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$152.5K
$133.5K – $178.0K
NOI $10,678 @ 7.0% cap · market cap 6.68%
Second Best
Apartment 5plus
$132.2K
$115.7K – $154.2K
NOI $9,252 @ 7.0% cap · market cap 5.79%
Theoretical Best
Office A
$635.1K
$555.7K – $740.9K
NOI $44,454 @ 7.0% cap · market cap 27.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex with two separate units, offering 3 bedrooms on the lower level and 2 bedrooms above.
Where is this duplex located?
The property is located at 318-320 East Center Street Marion, OH.
What is the asking price?
The asking price for this property is $159,900.
What are key features of this property?
This property features: Duplex at 318‑320 E. Center Street, built in 1920; Lower unit offers 3 bedrooms and 1 bathroom; Upper unit offers 2 bedrooms and 1 bathroom
