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Rented Multifamily Portfolio
For Sale
$5,000,000

333 N Prospect St, Marion, OH 43302

A multi-parcel residential portfolio with all properties currently rented and zoning that includes R3.

Property SizeContact for details
Days on Market10

Property Features for 333 N Prospect St

General Information

Standard status Active
Property subtype Residential Income

Taxes and HOA fees

Annual Taxes $10,712
Listing Agency: Real Estate Showcase, RES
Listed By: Erica D Logan · License #2015005901
Source: Exprealty
Added: Aug 30 Changed: Sep 4 Last Checked: Sep 7 at 4:16PM

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.

This multifamily portfolio comprises 9 parcels and 15 buildings, including two parcels with 4 buildings apiece. All properties are currently rented, providing an established operating profile across the assemblage.

The parcels are located on N. Prospect Street, London Street, Silver Street, and Oak Street in Marion, Ohio. R3 zoning is identified across the properties, while parcel 12205001200 also carries nursing home 412 zoning and is currently rented for recovery housing. Addresses include 333, 345, 355, 325, and 321 N. Prospect St; 181 London St; multiple Silver Street properties; and 330 and 360 Oak St.

Key Highlights

  • 9 parcels with 15 buildings
  • Two parcels contain 4 buildings each
  • All properties are currently rented

Property Analytics

Current Use

Hillside Rest Home Crisis Center Legacy International Enterprises International Trade Consultant

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Accounting Firm Bakery Kitchen & Bath Showroom Gym & Fitness 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.

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
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - A multi-parcel residential portfolio with all properties currently rented and zoning that includes R3.
Where is this multifamily property located?
The property is located at 333 N Prospect St Marion, OH.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: 9 parcels with 15 buildings; Two parcels contain 4 buildings each; All properties are currently rented
More about this property
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