Marion Duplex with Rental
For Sale
Contact for pricing
885 Mt Vernon Avenue, Marion, OH 43302
Duplex with two units, new roof and HVAC.
Property SizeContact for details
Days on Market797
Property Features for 885 Mt Vernon Avenue
General Information
Standard status
Active
Property subtype
Multifamily
Net Operating Income
$16,200
Building Details
Year Built
1907
Units
2
Listing Agency:
Keller Williams Capital Ptnrs
Listed By:
Denise Fate · License #2014004455
Source:
Crexi
Added: Jun 4, 2024
Changed: Aug 7
Last Checked: Aug 7 at 5:07AM
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 Keller Williams Capital Ptnrs
Investment Insights
Based on property information with market context.
This multifamily property features two units, each containing two bedrooms and one bathroom. The roof and HVAC system were replaced in 2018. Currently, both units are rented on a month-to-month basis, with tenants expressing interest in remaining. The tenants are responsible for all utility payments. The current rental rates are below market value, presenting an opportunity for increased rental income.
Key Highlights
- Potential to increase rents from below market rates.
- Tenants desire to stay, ensuring immediate rental income.
- New roof and HVAC (2018) reduce near‑term maintenance costs.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
140
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?
Duplex - Duplex with two units, new roof and HVAC.
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 $215,000.
What are key features of this property?
This property features: Potential to increase rents from below market rates.; Tenants desire to stay, ensuring immediate rental income.; New roof and HVAC (2018) reduce near‑term maintenance costs.
