Marion Duplex: Investor
389-391 Oak Street, Marion, OH 43302
For Sale
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Well-maintained duplex with long-term tenants, updated systems, and income potential.
Property SizeContact for details
Days on Market240
Property Features for 389-391 Oak Street
General Information
Standard status
Property subtype
Building Details
Year Built
Units
Listing Agency:
Signature Real Estate
Listed By:
Colby LeManton · License #2016002181
(614) 687-0953
Source:
Crexi
Added: Mar 13
Changed: Aug 8
Last Checked: Aug 25 at 9:17AM
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
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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
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Location Intelligence
Trade Area within ½ mile
908
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
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
