557 Summit Street Marion, OH $ 159,900
557 Summit Street
$ 159,900
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557 Summit Street

Marion, OH, 43302
$ 159,900
Baths0.0

Monthly Estimate*

$ 998

557 Summit Street, Marion, OH 43302 - Image 1
Studio

Multi-Family Home for sale in Marion, OH

for $159,900. This home was built in 1910 on a lot size of 0.21.

Opportunity knocks with this vacant, rent-ready duplex in the heart of Marion. Whether you're an investor looking to set your own rents and select new tenants, or an owner-occupant wanting to live in one unit while renting the other, 557 Summit Street provides flexibility, income potential, and upside. This spacious duplex features two separate units totaling 1,913 sqft, plus a 2-car attached garage—a rare find in this price range. Unit Breakdown: Downstairs Unit: 2 bedrooms, 1.5 baths Upstairs Unit: 1 bedroom, 1 bath Both units are fully vacant, offering a clean slate for leasing, renovation, or owner occupancy. The previous tenants paid a combined $1,100/month and covered all utilities, giving investors a benchmark while leaving room for rental rate improvement with light updates. With a 0.21-acre lot, public sewer, and convenient access to Downtown Marion, shops, parks, and schools, this location is ideal for long-term tenant demand. Whether you're building your rental portfolio or searching for a house-hack opportunity, this duplex offers strong cash-flow potential with immediate availability.

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Multi-Family Active

Price

$ 159,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1,906

Style

Lot Size

0.21

Year Built

1910

Town/City

Marion

County/Region

Marion

MLS | Web ID

225044653

Features
General
Year Built 1910
Township Marion
Property Subtype Duplex
Tax Year 2024
Gross Income 13000.0
County Marion
Net Operating Income 12500.0
Operating Expense 500.0
Property Type Multi-Family
Status Active
City Marion
High School District MARION CSD 5102 MAR CO.
Number Of Units Total 2
Lot Size Square Feet 9147.6
Land Lease Y/N N
Tax Annual Amount 1906.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active
Senior Community None
New Construction None
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Exterior
Lot Size Area 0.21
Spa N
Lot Size Acres 0.21
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Baths 0
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Internal Only
Street Number 1 557
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* Excluded Features
List By
Joshua D Cooper

Listing Agent

Re/Max Revealty

Broker

joshcooper@moreohio.com

Email

Affordability Calculator

$1,156
Per Month
86%
14%
0%
Monthly Principal & Interest
$998
Monthly Property Taxes
$159
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1421383 Elementary School
1421530 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/3/2025$159,900 Listed Price

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557 Summit Street, Marion, OH, 43302 is a Multi-Family Home for sale at $159,900 with a lot size of 0.21. 557 Summit Street is a studio with 0.0 baths and was built in 1910. The property's zip code is 43302 which is in Marion, OH