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Back 255 South State Street
Off Market

255 South State Street

Marion OH 43302

1
6969.6 sq. ft.
Other
Last sold for $377,000
Blair RowlandBlair Rowland, last sold this property on 18 September 2026 after 63 days on market.

Overview

Excellent investment opportunity featuring six apartment units across two buildings. The main building offers four 2-bedroom units, while the separate building includes two 1-bedroom units, providing a desirable unit mix for a variety of tenants. The property has seen numerous updates in recent years, including a new roof and renovations throughout the majority of the units. Currently, 4 of the 6 units are occupied, providing immediate rental income, while 2 vacant units offer convenient access for showings and the opportunity for a new owner to lease at current market rates. One vacant unit is move-in ready, while the other presents a value-add opportunity with cosmetic improvements. Whether you're looking to expand your portfolio or purchase your first multifamily investment, this property offers an excellent combination of current cash flow, recent improvements, and upside potential. Schedule your showing today and explore the possibilities this versatile income-producing property has to offer.

Features

1 carspace
1 garage space
6969.6 sq. ft. lot size
Other

Estimated Value

Based on this property and similar other properties sold in Marion over the last 12 months, the estimated median property value of 255 South State Street is $65k.

Median value
$65k
Estimated value range
$17.5k - $472.61k
Median days on market
31
Estimated value trend
-32%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Marion. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 255 South State Street

2026
Sold
$377,000
18 Sep 2026 by Blair Rowland, of Generations Realty
2023
Sold
$175,000
28 Sep 2023 by Mary Lou Bell, of Errington Realty LLC.

Happy sellers in Marion

95%
95% of sellers in Marion reported that their sale price either exceeded or met their price expectations.

Marion stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Marion over the last 12 months.

Local market activity for other properties in Marion

In the last 12 months, 24 other properties similar to 255 South State Street, have been sold.

This represents a 43% decrease in other properties sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Marion

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Chris Massey

Chris Massey is an award winning recommended agent for Marion.  They have 29 local sales and collected 13 local reviews across the last 12 months.

  •   5   (35 reviews)
  •  13 Reviews in Marion
  •  29 Sales in Marion
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John Massey

John Massey is an award winning recommended agent for Marion.  They have 14 local sales and collected 12 local reviews across the last 12 months.

  •   5   (28 reviews)
  •  12 Reviews in Marion
  •  14 Sales in Marion
View profile
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Janice Chase

Janice Chase is a recommended agent for Marion.  They have 21 local sales and collected 1 local review across the last 12 months.

  •   5   (2 reviews)
  •  1 Review in Marion
  •  21 Sales in Marion
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Jody Green

Sellers who recommend Jody Green have praised them for being local expert, clear communication, proactive, and well-prepared

  •   5   (37 reviews)
  •  1 Review in Marion
  •  2 Sales in Marion
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