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Property profile & analytics
OFF-MARKET
Apartment buildings

640 Prospect St Marion, OH 43302

Built 1910
Property ID
Property summary
AI-generated overview

This charming 2-unit apartment building, located at 640 S Prospect Street in Marion, Ohio, presents a fantastic investment opportunity. Built in 1910, this property boasts a spacious 9,583.2 square foot lot and offers a total of two units, currently enjoying 100% occupancy. The asking price is $114,900, translating to a price per square foot of $53.79. The property's address is 640 S Prospect Street, Marion, OH 43302, situated in Marion County. Its convenient location within the city offers easy access to local amenities and services. The building's age suggests potential for renovation and value enhancement, making it an attractive prospect for investors seeking a hands-on project or a steady income stream. The property's strong occupancy rate indicates a stable rental market and potential for future growth. This is a rare opportunity to acquire a well-located, income-producing multifamily property in a desirable Ohio market. The property's size and location make it ideal for both seasoned investors and those new to the real estate market. Serious inquiries are encouraged.

Property profile
Verified
Property type Apartment buildings
Year built 1910
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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