Marion Duplex: Investor
For Sale
Contact for pricing
389-391 Oak Street, Marion, OH 43302
Well-maintained duplex with long-term tenants, updated systems, and income potential.
Property SizeContact for details
Days on Market150
Property Features for 389-391 Oak Street
General Information
Standard status
Active
Property subtype
Multifamily
Building Details
Year Built
1900
Units
2
Listing Agency:
Signature Real Estate
(614) 486-0101
Listed By:
Colby LeManton · License #2016002181
Source:
Crexi
Added: Mar 13
Changed: Aug 8
Last Checked: Aug 8 at 2:39PM
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 Signature Real Estate
Investment Insights
Based on property information with market context.
This well-maintained duplex presents an opportunity for investors seeking rental income or owner-occupants looking to offset mortgage costs. The property includes separate entrances for each unit and a fully fenced backyard. Each unit features 3 bedrooms and 1 bathroom. Unit 1 is currently rented for $1,200 per month with a tenant in place since 2015. Unit 2 is rented for $850 per month, suggesting potential for increased rental income. Key updates include a roof replaced in 2015, furnaces updated in 2022 and 2017, and hot water tanks replaced in 2014 and 2021. The owner currently pays sewer, which averages approximately $90 per month combined for both units, while tenants are responsible for all other utilities. The property is located in Marion, OH.
Key Highlights
- Income‑generating duplex, perfect for investors or owner‑occupants
- Unit 1 boasts a long‑term tenant since 2015, generating $1,200/month
- Enjoy privacy with separate entrances and a fully fenced backyard
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
908
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
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with long-term tenants, updated systems, and income potential.
Where is this duplex located?
The property is located at 389-391 Oak Street Marion, OH.
What is the asking price?
The asking price for this property is $194,900.
What are key features of this property?
This property features: Income‑generating duplex, perfect for investors or owner‑occupants; Unit 1 boasts a long‑term tenant since 2015, generating $1,200/month; Enjoy privacy with separate entrances and a fully fenced backyard
