Mixed-Use Triplex Income
For Sale
Contact for pricing
Pending
645 Indiana Avenue, Marion, OH 43302
Historic three-unit building with two upstairs one-bedroom apartments and a main-level unit currently used as an apartment.
Property SizeContact for details
Days on Market151
Property Features for 645 Indiana Avenue
General Information
Standard status
Pending
Property subtype
Multifamily, Mixed Use
Additional Details
Multifamily Units
2
Building Details
Year Built
1920
Units
3
Listing Agency:
Coldwell Banker Realty
Listed By:
Wil Marshall · License #2021003278
(614) 981-6068
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 25 at 11:13AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This historic three-unit building is configured with two upstairs one-bedroom apartments and a main level currently used as an apartment. Recent updates include a newer roof, newer windows, a hot water tank, and a main water line, along with remodeling to the apartments.
The main level is described as usable as an apartment or as a business, offering flexibility for an owner-operator or investor. The upstairs apartments are listed at $900/month, and the main level rents for $1,200/month, for a combined $3,000/month with the possibility to earn more.
The property is positioned in downtown Marion, with the existing interior layout supporting both residential income and a potential commercial-use conversion for the main level.
The main level is described as usable as an apartment or as a business, offering flexibility for an owner-operator or investor. The upstairs apartments are listed at $900/month, and the main level rents for $1,200/month, for a combined $3,000/month with the possibility to earn more.
The property is positioned in downtown Marion, with the existing interior layout supporting both residential income and a potential commercial-use conversion for the main level.
Key Highlights
- Historic 3‑unit building built in 1920 in downtown Marion
- Income from 2 upstairs 1‑bedroom apartments plus a main‑level unit
- Total current rent: $3,000/month ($900/month from each upstairs 1‑bedroom and $1,200/month on the main level)
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
377
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Historic three-unit building with two upstairs one-bedroom apartments and a main-level unit currently used as an apartment.
Where is this triplex located?
The property is located at 645 Indiana Avenue Marion, OH.
What are key features of this property?
This property features: Historic 3‑unit building built in 1920 in downtown Marion; Income from 2 upstairs 1‑bedroom apartments plus a main‑level unit; Total current rent: $3,000/month ($900/month from each upstairs 1‑bedroom and $1,200/month on the main level)
