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$377,000
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Property Description
Excellent investment opportunity featuring six apartment units across two buildings. The main building offers four 2-bedroom units, while the separate building includes two 1-bedroom units, providing a desirable unit mix for a variety of tenants. The property has seen numerous updates in recent years, including a new roof and renovations throughout the majority of the units. Currently, 4 of the 6 units are occupied, providing immediate rental income, while 2 vacant units offer convenient access for showings and the opportunity for a new owner to lease at current market rates. One vacant unit is move-in ready, while the other presents a value-add opportunity with cosmetic improvements. Whether you're looking to expand your portfolio or purchase your first multifamily investment, this property offers an excellent combination of current cash flow, recent improvements, and upside potential. Schedule your showing today and explore the possibilities this versatile income-producing property has to offer.
Full Property Details
Full Property Details for 255 S State St
General
- Sold For: $377,000
- Taxes: $2,872 (2025)
- Status: Closed
- Type: Multi-Family
- Source: Columbus_N_Greater_Ohio
- MLS ID: 226026615
- Added to Site: 88 day(s) ago
Location
- County: Marion
- Township: Marion
- Cross Streets: E. Pleasant Street
School Information
- School District: MARION CSD 5102 MAR CO.
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Water Available, Sewer Available, Natural Gas Available, Electricity Available
Structural Information
- # Buildings: 2
- Construction: Frame, Other
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.16
- Lot Size (Sq. Ft.): 6,969.6
Financial Considerations
- Price Per Sq. Ft.: $75.28
- Tax Amount: $2,872
- Tax Year: 2025
- Owner Pays: Sewer
- Tenant Pays: Gas
Disclosures and Reports
- Property ID: 12-4020002.900
Listed by Generations Realty (740) 389-5500, Blair Rowland (740) 725-4400
Sold by Real of Ohio (855) 450-0442, McKayla Jodon
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Schools
Schools serving 255 S State St
School District:Marion City School District
| Name | Grades | Distance |
|---|---|---|
Benjamin Harrison Elementary School 625 Brightwood Drive, Marion, OH 43302 | PK-5 | 0.7 mi |
Ulysses S. Grant Middle School 420 Presidential Drive, Marion, OH 43302 | 6-8 | 0.4 mi |
Harding High School 1500 Harding Highway East, Marion, OH 43302 | 9-12 | 2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 255 S State St
Date
Details
Price
Change
Source
9/18/2026
Sold
$377,000
-5.73%
MLS
7/16/2026
Listed
$399,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
255 S State Street, Marion, OH 43302 (MLS# 226026615) is a Multi-Family property that was sold at $377,000 on September 18, 2026. Want to learn more about 255 S State Street? Do you have questions about finding other Multi-Family real estate for sale in Marion? You can browse all Marion real estate or contact a Coldwell Banker agent to request more information.

