288-319 Owens Street, Marion, OH 43302 (MLS# 226028650)

288-319 Owens Street, Marion, OH 43302

$3,200,000

Property Type: Multi-Family Lot Size (sq. ft.): 94,090 Status: Contingent

Current Price: $3,200,000 List Date: 7/30/2026 Last Modified: 8/28/2026

Overview

Description

Very well maintained 42 unit apartment complex in Marion. There are 18- 2 bedroom apartments and 24- 1 bedroom apartments. The 2 bedroom rent for $950-$975 per month and the 1 bedroom rent for $775-$800 per month. 8'' Walls, and heavily insulated make these apartments very efficient to heat. Utilities run approximately 21% of Income per month. This is an excellent investment opportunity for a buyer looking to have a quick return on their investment. Profit and Loss statement is on file for qualified buyers.

Listing Details MLS# 226028650

Location Property Info

Original List Price: 3200000
Property Sub Type: Flat
Street #: 288-319
Street Name: Owens
Street Suffix: Street
County: Marion
State: OH
Zip Code: 43302
School District: MARION CSD 5102 MAR CO.
Township: Marion

OfficeContract Info

MLS Entry Date: 2026-07-30

General Property Info

Number of Units: 42
Year Built: 2007
Built Prior to 1978: No
Occupancy Rate: 100
Acreage: 2.16

Tax Info

Parcel #: 12-2040004.400
Mult Parcels/Sch Dis: Yes
Addl Parcel Numbers: 12-2110004500 12-2040006301
Tax Year: 2025
Tax Abatement: No
Taxes (Yrly): 15609
Tax Incentive: No

1 Bedroom

1 Bedroom # of Units: 24

2 Bedroom

2 Bedroom # of Units: 18

More Information

Financials

Financials ForYearOf: 2025

Auction Info

Auction/Online Bidding Y/N: No

Location & Property Info

City (Mailing Addr): Marion
Corp LimitPerAuditor: Marion

Office/Contract Info

For Sale: Yes
Exchange: No

Remarks & Misc

Property Description: Very well maintained 42 unit apartment complex in Marion. There are 18- 2 bedroom apartments and 24- 1 bedroom apartments. The 2 bedroom rent for $950-$975 per month and the 1 bedroom rent for $775-$800 per month. 8'' Walls, and heavily insulated make these apartments very efficient to heat. Utilities run approximately 21% of Income per month. This is an excellent investment opportunity for a buyer looking to have a quick return on their investment. Profit and Loss statement is on file for qualified buyers.

Income/Expenses

Gross Income: 0
Net Operating Income: 0
Total Expenses: 0

Addl Acceptance Cond

None Known: Yes

Construction

Brick: Yes
Vinyl Siding: Yes

Heat Fuel

Electric: Yes

Water Source

Public: Yes

Sewer

Public Sewer: Yes

New Financing

Conventional: Yes

Owner Pays

Electric: Yes
Sewer: Yes
Trash: Yes
Water: Yes

MLS Primary PhotoSrc

Realtor Provided: Yes

Property Features

Addl Acceptance Cond: None Known Owner Pays: Electric; Sewer; Trash; Water Heat Fuel: Electric Construction: Brick; Vinyl Siding Water Source: Public Sewer: Public Sewer New Financing: Conventional MLS Primary PhotoSrc: Realtor Provided

Listing Office: Real Estate Showcase, RES

Listing Agent: Rick Roe

Last Updated: August - 28 - 2026

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