3,484 Sqft Lot
3,484 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 226020379
Year Built 1914
Annual Tax Amount $1,275
Lot Size 3,484 Sqft
Lot Dimensions 0.08
Property Sub-Type Duplex
Source Columbus and Central Ohio Regional MLS
Property Description
Welcome to 408-410 Pearl Street in Marion, Ohio, a fully remodeled duplex offering an exceptional opportunity for investors and owner-occupants alike. Conveniently located just minutes from Downtown Marion, tenants will enjoy easy access to restaurants, shopping, entertainment, employers, and community events, making this a highly desirable rental location.
Each spacious unit features 4 bedrooms and 2 full bathrooms, providing the size and functionality that stand out in today's rental market. Completely renovated from top to bottom, this property offers the benefits of modern updates without the headaches of major repairs or renovations.
With projected rents of $1,600 per month per side, investors have the potential to generate $3,200+ in monthly gross rental income. To make the opportunity even more attractive, the property qualifies for a 10-year tax abatement, creating substantial tax savings and boosting long-term cash flow potential.
Whether you're an investor seeking a turnkey addition to your portfolio or a buyer looking to house hack by living in one unit while renting the other, this property offers a rare combination of size, location, income potential, and tax advantages. The rental income from one unit could significantly offset your mortgage and living expenses while allowing you to build equity and wealth through real estate ownership.
Fully renovated, ideally located near downtown, and positioned for strong rental performance, 408-410 Pearl Street is the type of opportunity that doesn't come around often. Schedule your showing today and explore the possibilities this unique property has to offer.
Location
State OH
County Marion
Area 0.08
Zoning R-3
Rooms
Other Rooms None
Dining Room No
Interior
Heating Forced Air
Cooling Central Air
Equipment No
Laundry No Laundry Rooms
Schools
High Schools Marion Csd 5102 Mar Co.
School District Marion Csd 5102 Mar Co.
Others
Tax ID 12-3040201.900
Acceptable Financing FHA, Conventional
Listing Terms FHA, Conventional
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