Renovated
For Sale
Contact for pricing
551 S Main Street, Marion, OH 43302
Renovated multifamily property with a Certificate of Occupancy and CRA tax abatement.
Property SizeContact for details
Days on Market152
Property Features for 551 S Main Street
General Information
Standard status
Active
Total Parking Spaces
4
Property subtype
Multifamily
Units
Unit Mix
2 x 2BR, 2 x 1BR
Multifamily Units
4
Additional Details
Gross Income
$42,600
Building Details
Year Built
1920
Buildings
1
Units
4
Listing Agency:
Generations Realty
(740) 361-3360
Listed By:
John Massey · License #2023006455
Source:
Crexi
Added: Apr 2
Changed: Aug 31
Last Checked: Aug 31 at 7:37AM
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.
Built in 1920, this four-unit residential income property has been substantially renovated with updated roofing, windows, flooring, paint, lighting, kitchens, bathrooms, and appliances. The unit mix includes two two-bedroom residences and two one-bedroom residences, creating a diversified configuration within a single asset. The property is currently income-producing and has been inspected for four-unit occupancy.
A Certificate of Occupancy issued by the Marion Building and Fire Departments confirms the building’s approved four-unit status. The property also benefits from a Community Reinvestment Area tax abatement scheduled to continue for the next 9 years. Located at 551 S Main Street in Marion, Ohio, the asset is positioned near schools, local amenities, and everyday conveniences.
A Certificate of Occupancy issued by the Marion Building and Fire Departments confirms the building’s approved four-unit status. The property also benefits from a Community Reinvestment Area tax abatement scheduled to continue for the next 9 years. Located at 551 S Main Street in Marion, Ohio, the asset is positioned near schools, local amenities, and everyday conveniences.
Key Highlights
- Four‑unit configuration with 2 - 2 bed units and 2 - 1 bed units
- Renovations include roof, windows, flooring, paint, lighting, kitchens, bathrooms, and appliances
- Certificate of Occupancy confirms four‑unit approval from Marion Building and Fire Departments
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
615
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?
Quadplex - Renovated multifamily property with a Certificate of Occupancy and CRA tax abatement.
Where is this quadplex located?
The property is located at 551 S Main Street Marion, OH.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Four‑unit configuration with 2 - 2 bed units and 2 - 1 bed units; Renovations include roof, windows, flooring, paint, lighting, kitchens, bathrooms, and appliances; Certificate of Occupancy confirms four‑unit approval from Marion Building and Fire Departments
