$72,500
$79,900
9.3%For more information regarding the value of a property, please contact us for a free consultation.
9,583 Sqft Lot
SOLD DATE : 09/29/2025
Key Details
Sold Price $72,500
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 225020081
Sold Date 09/29/25
Year Built 1910
Lot Size 9,583 Sqft
Lot Dimensions 0.22
Property Sub-Type Duplex
Source Columbus and Central Ohio Regional MLS
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.
Location
State OH
County Marion
Area 0.22
Rooms
Other Rooms None
Dining Room No
Interior
Equipment No
Laundry No Laundry Rooms
Schools
High Schools Marion Csd 5102 Mar Co.
School District Marion Csd 5102 Mar Co.
Others
Tax ID 123060002900
Acceptable Financing FHA, Conventional
Listing Terms FHA, Conventional
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