Two-Unit Duplex
885 Mt Vernon Avenue Marion, OH 43302
885 Mt Vernon Avenue, Marion, OH, 43302
$219,900
For Sale
$219,900
Well-maintained duplex with two 2-bedroom units, new roof and HVAC, and tenant-paid utilities.
Property Size2,144 SF
Price / SF$102.57
Days on Market313
Property Features for 885 Mt Vernon Avenue
General Information
- Standard status
- Active
- Size
- 2,144 SF
- Property subtype
- Multi-Family / Duplex
Building Details
- Year Built
- 1907
Listing agency
RE/MAX Revealty
(740) 341-2636
Listed by
Joshua D Cooper · License #2021008773
(740) 341-2636
Source
Compass
Added: Sep 12, 2025 Updated: Jul 10 at 1:52PM Checked: Jul 21 at 8:07AM
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 RE/MAX Revealty
Investment Insights
Based on property information with market context.
This two-unit duplex features two separate residential units, each offering 2 bedrooms and 1 bathroom. Tenants are responsible for all utilities. Roof and HVAC improvements were completed in 2018, and both units are currently occupied on month-to-month terms.
The property is located at 885 Mt Vernon Avenue in Marion, OH 43302. Both units are presently rented and the tenants have indicated they would like to remain. The current rents are described as below market rents, which may support adjustment over time.
For buyers seeking a straightforward residential income setup, this duplex offers a simple two-unit configuration with utility responsibility already shifted to the tenants. With tenants already in place and showing available within 24 hours of an accepted offer, the property may be an efficient option for an investor looking to maintain occupancy while aligning income with market levels.
The property is located at 885 Mt Vernon Avenue in Marion, OH 43302. Both units are presently rented and the tenants have indicated they would like to remain. The current rents are described as below market rents, which may support adjustment over time.
For buyers seeking a straightforward residential income setup, this duplex offers a simple two-unit configuration with utility responsibility already shifted to the tenants. With tenants already in place and showing available within 24 hours of an accepted offer, the property may be an efficient option for an investor looking to maintain occupancy while aligning income with market levels.
Key Highlights
- Duplex built in 1907 with two 2‑bedroom, 1‑bath units
- Both units are currently rented month to month, with tenants wanting to stay
- Tenant pays all utilities
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $11.3k | $5.28 |
| − Vacancy | −$925 | −$0.43 |
| EGI | $10.4k | $4.85 |
| − OpEx | −$3.1k | −$1.45 |
| NOI | $7.3k | $3.39 |
2,144 SF · lease $5.28/SF/yr · vacancy 8.17% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$104.0K
$91.0K – $121.3K
NOI $7,277 @ 7.0% cap · market cap 3.31%
Second Best
Apartment 5plus
$90.1K
$78.8K – $105.1K
NOI $6,305 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$432.8K
$378.7K – $504.9K
NOI $30,295 @ 7.0% cap · market cap 13.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Well-maintained duplex with two 2-bedroom units, new roof and HVAC, and tenant-paid utilities.
Where is this duplex located?
The property is located at 885 Mt Vernon Avenue Marion, OH.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: Duplex built in 1907 with two 2‑bedroom, 1‑bath units; Both units are currently rented month to month, with tenants wanting to stay; Tenant pays all utilities
