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$297,000
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Property Description
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!
Full Property Details
Full Property Details for 551 S Main St
General
- Sold For: $297,000
- Taxes: $939 (2025)
- Status: Closed
- Type: Multi-Family
- Source: Columbus_N_Greater_Ohio
- MLS ID: 226010254
- Added to Site: 100 day(s) ago
Parking
- Total Spaces: 4
Location
- County: Marion
- Township: Marion
- Cross Streets: Washington
School Information
- School District: MARION CSD 5102 MAR CO.
Heating & Cooling
- Heating Type: Forced Air
Utilities
- Utility Description: Water Available, Sewer Available, Natural Gas Available, Electricity Available
Structural Information
- # Buildings: 1
- Year Built: 1920
Lot Features
- Lot Size (Acres): 0.14
- Lot Size (Sq. Ft.): 6,098.4
- Zoning: C-1B
Financial Considerations
- Price Per Sq. Ft.: $125.43
- Tax Amount: $939.36
- Tax Year: 2025
- Terms: Other, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Property ID: 12-3050013.100
Listed by Generations Realty (740) 389-5500, Chris Massey (740) 361-3889
Sold by Generations Realty (740) 389-5500, Alexis King
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Schools
Schools serving 551 S Main St
School District:Marion City School District
| Name | Grades | Distance |
|---|---|---|
Benjamin Harrison Elementary School 625 Brightwood Drive, Marion, OH 43302 | PK-5 | 0.6 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 | 2.2 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 551 S Main St
Date
Details
Price
Change
Source
5/29/2026
Sold
$297,000
-0.97%
MLS
4/03/2026
Listed
$299,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
551 S Main Street, Marion, OH 43302 (MLS# 226010254) is a Multi-Family property that was sold at $297,000 on May 29, 2026. Want to learn more about 551 S Main 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.

