551 S Main Street Marion, OH $ 299,900
551 S Main Street
$ 299,900
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551 S Main Street

Marion, OH, 43302
$ 299,900
Bedrooms6 Baths0.0

Monthly Estimate*

$ 1,847

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Multi-Family Home for sale in Marion, OH

for $299,900 with 6 bedrooms. This home was built in 1920 on a lot size of 0.14.

Investor Opportunity in the Heart of Marion! Don't miss this fully updated 4-unit income-producing property located at 551-553 S Main St in Marion, Ohio. With 2 - 2 bed units and 2 - 1 bed units this property has currently generated $3,550/month in rental income. This turnkey investment is already ready to start cash flowing from day one! New roof, windows, flooring, paint, lighting, kitchens, bathrooms, and appliances. This property has been thoughtfully renovated and inspected, including a Certificate of Occupancy from the Marion Building and Fire Departments as a 4-unit property, giving you peace of mind and minimizing future maintenance concerns. Even better, it benefits from a Community Reinvestment Area (CRA) tax abatement, helping maximize your return by significantly reducing property taxes for the next 9 years. Situated in a desirable neighborhood with strong rental demand, this location is close to quality schools, local amenities, and major conveniences, making it attractive to long-term tenants. Whether you're a seasoned investor or just getting started, this is a rare opportunity to own a stabilized, income-generating asset with built-in tax advantages!

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Multi-Family Active

Price

$ 299,900

Bedrooms

6

Property Type

Multi-Family

Taxes

$ 939

Style

Lot Size

0.14

Year Built

1920

Town/City

Marion

County/Region

Marion

MLS | Web ID

226010254

Features
General
Heating Forced Air
Utilities Water Available Sewer Available Natural Gas Available Electricity Available
Year Built 1920
Township Marion
Property Subtype Midrise
Tax Year 2025
Gross Income 42600.0
County Marion
Net Operating Income 0.0
Operating Expense 0.0
Property Type Multi-Family
Status Active
City Marion
High School District MARION CSD 5102 MAR CO.
Zoning Description C-1B
Number Of Units Total 4
Lot Size Square Feet 6098.4
Land Lease Y/N N
Tax Annual Amount 939.36
Lease Renewal Y/N N
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active
Senior Community None
New Construction None
New Financing Coventional True
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Exterior
Total Parking 4.0
Lot Size Area 0.14
Spa N
Lot Size Acres 0.14
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Baths 0
Heating-Forced Air True
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Internal Only
Street Number 1 551
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* Excluded Features
List By
Chris Massey

Listing Agent

Generations Realty

Broker

chris.massey@generations-realty.com

Email

Affordability Calculator

$1,925
Per Month
96%
4%
0%
Monthly Principal & Interest
$1,847
Monthly Property Taxes
$78
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
4/3/2026$299,900 Listed Price

Map


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551 S Main Street, Marion, OH, 43302 is a Multi-Family Home for sale at $299,900 with a lot size of 0.14. 551 S Main Street has 6 bedrooms, 0.0 baths, and was built in 1920. The property's zip code is 43302 which is in Marion, OH