640 S Prospect Street, Marion, OH 43302

$72,500

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Sold Price
$72,500
List Price
$79,900
Status
CLOSED
Days on Market
116
Closing Date
Sep 29, 2025
MLS#
225020081
Subtype
Multi-Family
Year Built
1910
Lot Size
9,583
Acres
0.22

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.

Additional Information

School District
Marion Csd 5102 Mar Co.

Listing Courtesy of : Joshua D Cooper ---- RE/MAX Revealty

Selling Office: RE/MAX Revealty.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks