Duplex with Separate
389-391 Oak Street Marion, OH 43302
For Sale
$174,900
MULTI_FAMILY - Marion, OH
Lot Size0.09 Acres
Days on Market138
Property Features for 389-391 Oak Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Rooms
Bedroom 2, Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 6, Bedroom 4
Standard status
Active
APN
12-2050005.600
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
992
Utilities
Utilities
Water Available
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1900
Number of units
2
Listing Agency:
Signature Real Estate
(614) 486-0101
Listed By:
Colby LeManton
(614) 687-0953
Added: Mar 14
Changed: Jul 27
Last Checked: Jul 29 at 3:06AM
MLS# 226007678
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Investment Insights
Based on property information with market context.
This well-maintained duplex provides two separate living spaces with distinct entrances, making it practical for investors and owner-occupants alike. Each unit includes three bedrooms and one bathroom. Unit 1 is currently rented to a long-term tenant, while Unit 2 is vacant and ready for immediate occupancy or rental.
The property includes a fully fenced backyard, offering a usable outdoor area with added privacy. Recent improvements include a roof replacement in 2015, updated furnaces in 2022 and 2017, and hot water tanks replaced in 2014 and 2021. The owner currently pays sewer, averaging approximately $90 per month combined for both units, while tenants are responsible for all other utilities.
For buyers seeking dependable rental income, the current occupancy in Unit 1 helps support steady cash flow from day one. For those looking to build equity while living on-site, Unit 2 provides a straightforward opportunity to move in and potentially offset housing costs. With a seller willingness to assist with closing costs and availability of down payment assistance through participating lenders, this is positioned as a good fit for both seasoned investors and first-time owner-occupants.
The property includes a fully fenced backyard, offering a usable outdoor area with added privacy. Recent improvements include a roof replacement in 2015, updated furnaces in 2022 and 2017, and hot water tanks replaced in 2014 and 2021. The owner currently pays sewer, averaging approximately $90 per month combined for both units, while tenants are responsible for all other utilities.
For buyers seeking dependable rental income, the current occupancy in Unit 1 helps support steady cash flow from day one. For those looking to build equity while living on-site, Unit 2 provides a straightforward opportunity to move in and potentially offset housing costs. With a seller willingness to assist with closing costs and availability of down payment assistance through participating lenders, this is positioned as a good fit for both seasoned investors and first-time owner-occupants.
Key Highlights
- Duplex with separate entrances for each unit and fully fenced backyard
- Each unit has 3 bedrooms and 1 bathroom (6 bedrooms total)
- Unit 1 is rented at $1,200/month with a long‑term tenant since 2015
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two well-laid-out units offer rental income potential and flexible live-in-or-let-both options with privacy in the backyard.
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 $174,900.
What are key features of this property?
This property features: Duplex with separate entrances for each unit and fully fenced backyard; Each unit has 3 bedrooms and 1 bathroom (6 bedrooms total); Unit 1 is rented at $1,200/month with a long‑term tenant since 2015
