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557 Summit St, Marion, OH 43302

  • $159,900

  • bed

  • bath

Multi-family for sale 55 days
Movoto is helping 16 homebuyers near you

About 557 Summit St

Property type Multi-family
Year built 1910
HOA fee $0/month
Lot size 8,712 Sqft
Rental estimate
Property description
Opportunity knocks with this vacant, rent-ready duplex in the heart of Marion. Whether you're an investor looking to set your own rents and select new tenants, or an owner-occupant wanting to live in one unit while renting the other, 557 Summit Street provides flexibility, income potential, and upside. This spacious duplex features two separate units totaling 1,913 sqft, plus a 2-car attached garage—a rare find in this price range. Unit Breakdown: Downstairs Unit: 2 bedrooms, 1.5 baths Upstairs Unit: 1 bedroom, 1 bath Both units are fully vacant, offering a clean slate for leasing, renovation, or owner occupancy. The previous tenants paid a combined $1,100/month and covered all utilities, giving investors a benchmark while leaving room for rental rate improvement with light updates. With a 0.21-acre lot, public sewer, and convenient access to Downtown Marion, shops, parks, and schools, this location is ideal for long-term tenant demand. Whether you're building your rental portfolio or searching for a house-hack opportunity, this duplex offers strong cash-flow potential with immediate availability.
Listed by
Listing Agent - Joshua D Cooper
Listing Agent Contact: 614-505-7438
Listing Office - RE/MAX Revealty
Source: Columbus and Central Ohio Regional MLS mls logo
MLS#226023944 • last updated 2 weeks ago
Movoto checked Columbus and Central Ohio Regional MLS for data 4 minutes ago
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Overview
MLS # 226023944
Status Active
SubType Duplex
Lot Size (SqFt) 8712
Lot Size (Acres) 0.2
Property Tax 1906
Year Built 1910
Interior
Amenities / Utilities
Water Source Public
Location
High School District MARION CSD 5102 MAR CO.
APN 12-4320001.900
Multifamily Details
Total # of Units 2
Net Operating Income 12500
Operating Expense 500
Gross Income 13000
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Around the neighborhood

Explore everything this neighborhood has to offer.
36/100
Walk
74/100
Family
27/100
Dining
68/100
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  • Real Estate
  • OH
  • Marion County
  • Marion
  • 43302
  • 557 Summit St

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