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    634 Pearl St Marion, OH 43302

    Sponsored
    For Sale
    $5,500,000

    81-Unit Multifamily Investment Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional multifamily investment opportunity encompasses an 81-unit apartment portfolio located at 634 Pearl Street, Marion, Ohio, 43302. The property, built in 1916, sits on a 6,534 square foot lot and is currently priced at $5,500,000, translating to $2,194.73 per square foot. The portfolio boasts a remarkable 98.8% occupancy rate, demonstrating strong rental demand and potential for significant returns. Detailed financial information, including a rent roll with addresses and parcel numbers, is available upon request. This is a rare chance to acquire a substantial, well-performing multifamily asset in a desirable location. The property's classification includes Apartment Building, Duplex/Triplex/Quadruplex, reflecting the diverse unit configurations within the portfolio. The portfolio's strategic location within a 2-3 mile radius ensures efficient management and operational synergies. This presents a compelling investment opportunity for experienced investors seeking a high-performing, established multifamily portfolio in a stable market. The property's age and established tenancy suggest a history of consistent performance and potential for future appreciation. Further due diligence is encouraged to fully assess the investment potential of this unique offering.

    Property Features for 634 Pearl St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1916
    Units
    81
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Marion
    County
    Marion
    State
    Ohio
    Longitude
    -83.131117
    Latitude
    40.5776823

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    FAQs

    What type of property is this?
    Multifamily property - 81-Unit Multifamily Investment Opportunity
    Where is this multifamily property located?
    The property is located at 634 Pearl St Marion, OH.
    What is the asking price?
    The asking price for this property is $5,500,000.
    Request Owner's contact information
    634 Pearl St Marion, OH 43302
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    Marion, OH 43302
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    634 Pearl St Marion, OH 43302
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