557 Summit Street
Description
Downstairs Unit: 2 bedrooms, 1.5 baths
Upstairs Unit:...Opportunity knocks with this vacant, rent-ready duplex in the heart of Marion. Whether you're an investor looking to set your own rents and select new tenants, or an owner-occupant wanting to live in one unit while renting the other, 557 Summit Street provides flexibility, income potential, and upside. This spacious duplex features two separate units totaling 1,913 sqft, plus a 2-car attached garage—a rare find in this price range. Unit Breakdown:
Downstairs Unit: 2 bedrooms, 1.5 baths
Upstairs Unit: 1 bedroom, 1 bath
Both units are fully vacant, offering a clean slate for leasing, renovation, or owner occupancy. The previous tenants paid a combined $1,100/month and covered all utilities, giving investors a benchmark while leaving room for rental rate improvement with light updates. With a 0.21-acre lot, public sewer, and convenient access to Downtown Marion, shops, parks, and schools, this location is ideal for long-term tenant demand. Whether you're building your rental portfolio or searching for a house-hack opportunity, this duplex offers strong cash-flow potential with immediate availability.
- Listed by Joshua D Cooper • Brokerage DRE #2011001896 • RE/MAX RevealtyP: (740)-341-2636 C: (740)-341-2636 joshcooper@moreohio.com
Amenities
- Electricity Included
- Range
Property Details for 557 Summit Street
| Status | Active |
|---|---|
| MLS # | 226023944 |
| Days on Market | 4 |
| Taxes | $1,906 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Property Type | Multi Family |
| MLS Type | Multi-Family / Duplex |
| Year Built | 1910 |
| Lot Size | 0.20 AC / 8,712 SF |
| County | Marion County |
Location
Building Information for 557 Summit Street
Payment Calculator
$956 per month
30 year fixed, 6.36% Interest
$797
$159
$0
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1Property Information for 557 Summit Street
- Township: Marion
- Longitude: -83.11527
- Latitude: 40.57983
- Cross Street: Forest
- Corp Limit Per Auditor: Marion
- Between Street: Hane
- Parcel Number: 12-4320001.900
- Tax Year: $2,025.00
- Tax District: 12
- Tax Abatement: No
- High School District: MARION CSD 5102 MAR CO.
- Parking Features: 2 Car Garage, Attached Garage
- Lot Size Square Feet: 8712.0
- Lot Size Acres: 0.2
- Lot Size Area: 0.2
- Year Built: 1910
- Possible Use: Residential
- Built Prior to 1978: Yes
- Miscellaneous: Basement
- Building Sqft: 1913.0
- Utilities: Electricity Available
- Sewer: Public Sewer
- Water Source: Public
- Total Number Of Units: 2.0
- Net Operating Income: $12,500
- Operating Expense: $500.00
- Gross Income: $13,000
- 1 Bedroom: 1 Bedroom # of Units: 1.0
- 2 Bedroom: 2 Bedroom # of Units: 2.0
Property History for 557 Summit Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Jun 28, 2026 | Listed (Active) Columbus and Central Ohio Regional MLS #226023944 | $159,900 | — |
| Apr 13, 2026 | Permanently Off Market Columbus and Central Ohio Regional MLS #225044653 | $159,900 | — |
| Dec 3, 2025 | Listed (Active) Columbus and Central Ohio Regional MLS #225044653 | $159,900 | — |
| Feb 11, 2025 | Permanently Off Market Columbus and Central Ohio Regional MLS #224018476 | $150,000 | — |
| Jun 5, 2024 | Listed (Active) Columbus and Central Ohio Regional MLS #224018476 | $150,000 | — |
| Apr 23, 2024 | Permanently Off Market Columbus and Central Ohio Regional MLS #223032228 | $174,888 | — |
| Oct 1, 2023 | Listed (Active) Columbus and Central Ohio Regional MLS #223032228 | $174,888 | — |
| Jun 7, 2018 | Sold (Public Record) Public Record #624719093 | $77,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 06/28/2026 | Listed (Active) Columbus and Central Ohio Regional MLS #226023944 | $159,900 |
| 04/13/2026 | Permanently Off Market Columbus and Central Ohio Regional MLS #225044653 | $159,900 |
| 12/03/2025 | Listed (Active) Columbus and Central Ohio Regional MLS #225044653 | $159,900 |
| 02/11/2025 | Permanently Off Market Columbus and Central Ohio Regional MLS #224018476 | $150,000 |
| 06/05/2024 | Listed (Active) Columbus and Central Ohio Regional MLS #224018476 | $150,000 |
| 04/23/2024 | Permanently Off Market Columbus and Central Ohio Regional MLS #223032228 | $174,888 |
| 10/01/2023 | Listed (Active) Columbus and Central Ohio Regional MLS #223032228 | $174,888 |
| 06/07/2018 | Sold (Public Record) Public Record #624719093 | $77,000 |
For completeness, we often displays two records for one sale: the MLS record and the public record.
Public Records for 557 Summit Street
Schools near 557 Summit Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Private - | 7 to 12 |
Rating | School | Distance |
|---|---|---|
Benjamin Harrison Elementary School PublicPK to 5 | ||
Ulysses S. Grant Middle School Public6 to 8 | ||
Harding High School Public9 to 12 | ||
Marion Catholic Jr Sr High School Private7 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of RE/MAX Revealty
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
