This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
$72,500
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
Property Description
INVESTOR ALERT! Here's your chance to pick up a fully occupied duplex in Marion, Ohio with immediate cash flow and plenty of room to add value. 640 S Prospect St features two 2-bedroom, 1-bath units currently rented at $475 per unit ($950/month total). Long-term tenants are in place, providing stable income from day one. The property does need some TLC-the detached garage roof needs attention, some windows require repair, and overall cosmetics could use a refresh. That's why we've priced this opportunity to reflect the condition and upside potential. The Upside: Marion market rents for similar units are $650-$750/month per side after updates Future cash flow could exceed $1,300-$1,500/month gross rents Separate utilities already in place Easy value-add by cleaning up and increasing rents on turnover.
Full Property Details
Full Property Details for 640 S Prospect St
General
- Sold For: $72,500
- Status: Closed
- Type: Duplex
- Source: Columbus_N_Greater_Ohio
- MLS ID: 225020081
- Added to Site: 225 day(s) ago
Location
- County: Marion
- Township: Marion
- Cross Streets: Curtis
School Information
- School District: MARION CSD 5102 MAR CO.
Utilities
- Sewer: Public Sewer
- Utility Description: Electricity Available
Structural Information
- Construction: Vinyl siding
- Year Built: 1910
Unit Information
- Occupancy Rate: 100
Lot Features
- Lot Size (Acres): 0.22
- Lot Size (Sq. Ft.): 9,583.2
Financial Considerations
- Price Per Sq. Ft.: $37.41
- Terms: FHA, Conventional
Disclosures and Reports
- Property ID: 123060002900
Listed and Sold by RE/MAX Revealty (614) 505-7438, Joshua D Cooper (740) 341-2636
Get Pre-Approved Today
Schools
Schools serving 640 S Prospect 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 | 0.6 mi |
Harding High School 1500 Harding Highway East, Marion, OH 43302 | 9-12 | 2.4 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 640 S Prospect St
Date
Details
Price
Change
Source
9/29/2025
Sold
$72,500
-9.26%
MLS
8/07/2025
Price Reduced
$79,900
-11.12%
MLS
7/22/2025
Price Reduced
$89,900
-10.01%
MLS
6/05/2025
Listed
$99,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
640 S Prospect Street, Marion, OH 43302 (MLS# 225020081) is a Duplex property that was sold at $72,500 on September 29, 2025. Want to learn more about 640 S Prospect Street? Do you have questions about finding other Duplex real estate for sale in Marion? You can browse all Marion real estate or contact a Coldwell Banker agent to request more information.

