304 N State Street

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304 N State Street

Marion, OH 43302
Asking Price
$285K
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The property features two apartment units for residential occupancy.
  • This multifamily asset is listed for sale at $285,000.
  • The building is situated at 304 N State Street in Marion.
  • Marion provides a stable environment for rental investment in Ohio.
  • The location offers accessibility to various regional services and employers.

What's Special

Priced at $285,000, this multifamily apartment building located at 304 N State Street in Marion, Ohio, presents a residential investment opportunity. The property contains two units, providing a manageable asset for investors seeking a foothold in the local rental market. Marion functions as a growing hub within north-central Ohio, benefiting from its regional connectivity and access to steady local employment sectors. The area supports a consistent demand for well-maintained rental housing, making this a practical acquisition for those focusing on small-scale multifamily portfolios. Potential use cases include long-term rental income generation or an owner-occupied investment strategy. Its position within the 43302 zip code places residents near central city amenities and essential infrastructure, which are key drivers for tenant retention in this submarket.

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NOI
$80,000
Cap Rate
28.07%
DSCR
4.73
Strong
Cash-on-Cash
73.78%
Monthly Payment
$1,410.024
Annual Cash Flow
$63,079.706

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