Technical
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Property profile

640 Prospect St Marion, OH 43302

OFF-MARKET
Apartment buildings
Built 1910
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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

Location

640 Prospect St Marion, OH 43302
Marion metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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