389-391 Oak Street, Marion, OH 43302
New Listing
$194,900
Property Type:
Multi-Family
Lot Size (sq. ft.):
3,920
Status:
Active
Current Price:
$194,900
List Date:
3/14/2026
Last Modified:
3/14/2026
Description
Attention Investors and Owner-Occupants! This well-maintained duplex offers a fantastic opportunity for investors seeking steady rental income or for buyers looking to live in one unit while letting the other help pay the mortgage. The property features separate entrances for each unit and a fully fenced backyard, providing privacy and functional outdoor space.
Each unit offers 3 bedrooms and 1 bathroom. Unit 1 is currently rented for $1,200 per month with a long-term tenant in place since 2015, providing reliable income from day one. Unit 2 is currently rented for $850 per month with potential for future rental upside. Key updates include a roof replaced in 2015, furnaces updated in 2022 and 2017, and hot water tanks replaced in 2014 and 2021. The owner currently pays sewer, which averages approximately $90 per month combined for both units, while tenants pay all other utilities.
Seller is willing to assist with closing costs, and lenders with down payment assistance programs are available, making this a great opportunity for both seasoned investors and buyers looking to build equity while generating rental income. Please do not disturb tenants.
Supplements: ********
More Information MLS# 226007678
Location & Property Info
List Price/SqFt: 96.68
City (Mailing Addr): Marion
Corp LimitPerAuditor: Marion
Dist To Intersxn: 0
Office/Contract Info
For Sale: Yes
Exchange: No
General Property Info
# of Buildings: 1
Built Prior to 1978: Yes
Building Sqft: 2016
Number of Units: 2
Year Built: 1900
Acreage: 0.09
Tax Info
Mult Parcels/Sch Dis: No
Tax Abatement: No
Taxes (Yrly): 992
Parcel #: 12-2050005.600
Tax Year: 2025
Remarks & Misc
Property Description: Attention Investors and Owner-Occupants! This well-maintained duplex offers a fantastic opportunity for investors seeking steady rental income or for buyers looking to live in one unit while letting the other help pay the mortgage. The property features separate entrances for each unit and a fully fenced backyard, providing privacy and functional outdoor space.
Each unit offers 3 bedrooms and 1 bathroom. Unit 1 is currently rented for $1,200 per month with a long-term tenant in place since 2015, providing reliable income from day one. Unit 2 is currently rented for $850 per month with potential for future rental upside. Key updates include a roof replaced in 2015, furnaces updated in 2022 and 2017, and hot water tanks replaced in 2014 and 2021. The owner currently pays sewer, which averages approximately $90 per month combined for both units, while tenants pay all other utilities.
Seller is willing to assist with closing costs, and lenders with down payment assistance programs are available, making this a great opportunity for both seasoned investors and buyers looking to build equity while generating rental income. Please do not disturb tenants.
Income/Expenses
Gross Income: 24600
Net Operating Income: 0
Total Expenses: 0
Addl Acceptance Cond
None Known: 1
Construction
Vinyl Siding: 1
3 Bedroom
3 Bedroom # of Units: 2
3 Bedroom Month Rent Per Unit: 1200850
Heat Fuel
Gas: 1
Water Source
Public: 1
Sewer
Public Sewer: 1
Services Available
Electricity Available: 1
Natural Gas Available: 1
Storm Sewer: 1
Water Available: 1
Tenant Pays
Gas: 1
Trash Collection: 1
Water: 1
Electricity: 1
Auction Info
Auction/Online Bidding Y/N: No
Heating
Forced Air: 1
Air Conditioning
None: 1
Owner Pays
Sewer: 1
MLS Primary PhotoSrc
Realtor Provided: 1
Location Property Info
Original List Price: 194900
List Price: $194,900
Property Sub Type: Duplex
Street #: 389-391
Street Name: Oak
Street Suffix: Street
County: Marion
State: OH
Zip Code: 43302
School District: MARION CSD 5102 MAR CO.
Township: Marion
OfficeContract Info
Status: Active
MLS Entry Date: 2026-03-14
Property Features
Addl Acceptance Cond: None Known
Owner Pays: Sewer
Tenant Pays: Electricity; Gas; Trash Collection; Water
Heat Fuel: Gas
Heating: Forced Air
Air Conditioning: None
Construction: Vinyl Siding
Water Source: Public
Sewer: Public Sewer
Services Available: Electricity Available; Natural Gas Available; Storm Sewer; Water Available
MLS Primary PhotoSrc: Realtor Provided
Listing Office:
Signature Real Estate
Listing Agent:
Colby LeManton
Last Updated: March – 14 – 2026
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Columbus Board of Realtors Multiple Listing Service.Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. Columbus Board of Realtors Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Copyright 2026 Columbus Board of Realtors. All rights reserved.