372 S Main St · Marion, OH 43302

$132,500

2 bd · 1.5 ba · 1,902 sqft · SingleFamily public records · 139 Days on market

Built 1960 6,534 sqft lot $70/sqft · 36% above area Est $97k · 36% over

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +19.4/30.0
• DSCR +6.1/10.0
• 1% rule +4.5/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

You don't want to miss this property within walking distance to the up and coming Downtown Marion! The 3 bed 1 bath Home has a Stunning Open Floor Plan! This home offers a refreshed inside featuring New Electrical Wiring, New Plumbing, New Insulation, New Interior Doors, New Windows, New Hot Water Tank, New Walk In Shower, New Paint, New LVP Flooring, and a New Central Air Unit. The New Rubber Roof adds long term durability! The Full Basement is just waiting to be finished with your personal touch! There is a potential 4th bedroom or office in the basement finished now! Parking out back offers 10 spots approx. The building has block walls and great bones! Call today for your showing!

Key facts

• Open floor plan
• New plumbing
• New interior doors

Tags

• OPEN FLOOR PLAN
• NEW ELECTRICAL WIRING
• NEW PLUMBING
• NEW INSULATION
• NEW INTERIOR DOORS
• NEW WINDOWS

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath single-family listed at $132k.

Deal economics

• At list price, monthly cash flow is $147 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $126k (5.2% below list).
• Recommended offer: $117k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 65/100 on livability (#704 in OH) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools D+, crime D+, amenities F.
• Marion City (town): math 22% / reading 31% proficiency, ranked #600 of 656 in OH (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 210 active listings in the ZIP; 53 units permitted in Marion County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $916 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Marion County population projected at -18% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 139 days — a 12% lower offer ($117k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 4y ago; this cycle's ask has dropped $32k (20%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $62k; list at $132k implies a 114% gain — meaningful room to come down on a strong offer.

Recommended offer $116,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 139 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1960 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.95% ✗
• Cap rate: 7.62%
• Cash-on-cash: 4.75%
• DSCR: 1.21
• GRM: 8.8

CMA / ARV

• ARV (median comp): $97,181
• List price: $132,500
• Delta: 36.34%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
267 Lafayette St	0.22mi	3/2.0 (+1)	1,920 (+1%)	6mo	$153,000	$80	76
343 S Prospect St	0.12mi	3/2.0 (+1)	1,708 (-10%)	4mo	$87,000	$51	66
322 Belmont St	0.30mi	3/1.0 (+1)	1,756 (-8%)	2mo	$194,000	$110	64
438 S Vine St	0.24mi	3/2.0 (+1)	1,788 (-6%)	10mo	$162,100	$91	63
561 Girard Ave	0.37mi	3/1.5 (+1)	1,776 (-7%)	13mo	$164,900	$93	56
491 Olney Ave	0.56mi	3/1.0 (+1)	1,806 (-5%)	3mo	$107,060	$59	56
339 Belmont St	0.33mi	3/1.5 (+1)	1,700 (-11%)	8mo	$220,000	$129	55
552 Cherry St	0.39mi	3/1.0 (+1)	1,686 (-11%)	3mo	$140,000	$83	54
546 Cherry St	0.38mi	3/2.0 (+1)	1,728 (-9%)	7mo	$136,000	$79	54
218 E Washington Ave	0.24mi	3/1.0 (+1)	2,128 (+12%)	13mo	$180,000	$85	51
314 Willow St	0.28mi	3/1.5 (+1)	1,672 (-12%)	13mo	$230,000	$138	51
738 S Prospect St	0.54mi	3/1.0 (+1)	1,660 (-13%)	9mo	$125,000	$75	39

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -8.9%
• Equity multiple: 0.67×
• Total profit: $-12,146
• Equity at exit: $19,756

10-year hold

• IRR: 0.5%
• Equity multiple: 1.04×
• Total profit: $1,363
• Equity at exit: $11,456

Cash invested: $37,100 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 73 Landlord-Friendly
• State Ohio: 73 Landlord-Friendly · R+6
• County: — inherits STATE
• City: — inherits STATE

3-day notice; Cleveland / Columbus have some habitability code enforcement; otherwise landlord-leaning.

Methodology + full state rankings →

ZIP-level market 43302

• Home prices YoY: -33.9%
• Active inventory: 210
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $1,256 medium
• Mortgage (P&I): −$695
• Tax from tax record: −$95 /mo · $1,141/yr
• Insurance: −$55
• HOA: −$0
• Vacancy / Maint / Mgmt: −$264
• Net cashflow: $147

Break-even live

Break-even rent $1,070

Max offer price $132,500

Occupancy floor 83%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $33,125
• Closing costs: $3,975
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-05-31
   status $132,500 Pending 139 DOM
2. 2026-05-31
   days on market $132,500 Active 139 DOM
3. 2026-05-30
   days on market $132,500 Active 138 DOM
4. 2026-05-18
   price $132,500 692-char remark

   Show marketing remark (692 chars)

   You don't want to miss this property within walking distance to the up and coming Downtown Marion! The 3 bed 1 bath Home has a Stunning Open Floor Plan! This home offers a refreshed inside featuring New Electrical Wiring, New Plumbing, New Insulation, New Interior Doors, New Windows, New Hot Water Tank, New Walk In Shower, New Paint, New LVP Flooring, and a New Central Air Unit. The New Rubber Roof adds long term durability! The Full Basement is just waiting to be finished with your personal touch! There is a potential 4th bedroom or office in the basement finished now! Parking out back offers 10 spots approx. The building has block walls and great bones! Call today for your showing!

5. 2026-04-21
   price $140,000 692-char remark

   Show marketing remark (692 chars)

   You don't want to miss this property within walking distance to the up and coming Downtown Marion! The 3 bed 1 bath Home has a Stunning Open Floor Plan! This home offers a refreshed inside featuring New Electrical Wiring, New Plumbing, New Insulation, New Interior Doors, New Windows, New Hot Water Tank, New Walk In Shower, New Paint, New LVP Flooring, and a New Central Air Unit. The New Rubber Roof adds long term durability! The Full Basement is just waiting to be finished with your personal touch! There is a potential 4th bedroom or office in the basement finished now! Parking out back offers 10 spots approx. The building has block walls and great bones! Call today for your showing!

6. 2026-03-25
   status Active 692-char remark

   Show marketing remark (692 chars)

   You don't want to miss this property within walking distance to the up and coming Downtown Marion! The 3 bed 1 bath Home has a Stunning Open Floor Plan! This home offers a refreshed inside featuring New Electrical Wiring, New Plumbing, New Insulation, New Interior Doors, New Windows, New Hot Water Tank, New Walk In Shower, New Paint, New LVP Flooring, and a New Central Air Unit. The New Rubber Roof adds long term durability! The Full Basement is just waiting to be finished with your personal touch! There is a potential 4th bedroom or office in the basement finished now! Parking out back offers 10 spots approx. The building has block walls and great bones! Call today for your showing!

7. 2026-03-13
   historical Contingent 692-char remark

   Show marketing remark (692 chars)

   You don't want to miss this property within walking distance to the up and coming Downtown Marion! The 3 bed 1 bath Home has a Stunning Open Floor Plan! This home offers a refreshed inside featuring New Electrical Wiring, New Plumbing, New Insulation, New Interior Doors, New Windows, New Hot Water Tank, New Walk In Shower, New Paint, New LVP Flooring, and a New Central Air Unit. The New Rubber Roof adds long term durability! The Full Basement is just waiting to be finished with your personal touch! There is a potential 4th bedroom or office in the basement finished now! Parking out back offers 10 spots approx. The building has block walls and great bones! Call today for your showing!

8. 2026-03-03
   price $145,000 692-char remark

   Show marketing remark (692 chars)

   You don't want to miss this property within walking distance to the up and coming Downtown Marion! The 3 bed 1 bath Home has a Stunning Open Floor Plan! This home offers a refreshed inside featuring New Electrical Wiring, New Plumbing, New Insulation, New Interior Doors, New Windows, New Hot Water Tank, New Walk In Shower, New Paint, New LVP Flooring, and a New Central Air Unit. The New Rubber Roof adds long term durability! The Full Basement is just waiting to be finished with your personal touch! There is a potential 4th bedroom or office in the basement finished now! Parking out back offers 10 spots approx. The building has block walls and great bones! Call today for your showing!

9. 2026-02-13
   price $149,900 692-char remark

   Show marketing remark (692 chars)

   You don't want to miss this property within walking distance to the up and coming Downtown Marion! The 3 bed 1 bath Home has a Stunning Open Floor Plan! This home offers a refreshed inside featuring New Electrical Wiring, New Plumbing, New Insulation, New Interior Doors, New Windows, New Hot Water Tank, New Walk In Shower, New Paint, New LVP Flooring, and a New Central Air Unit. The New Rubber Roof adds long term durability! The Full Basement is just waiting to be finished with your personal touch! There is a potential 4th bedroom or office in the basement finished now! Parking out back offers 10 spots approx. The building has block walls and great bones! Call today for your showing!

10. 2026-02-02
    price $159,900 692-char remark

    Show marketing remark (692 chars)

    You don't want to miss this property within walking distance to the up and coming Downtown Marion! The 3 bed 1 bath Home has a Stunning Open Floor Plan! This home offers a refreshed inside featuring New Electrical Wiring, New Plumbing, New Insulation, New Interior Doors, New Windows, New Hot Water Tank, New Walk In Shower, New Paint, New LVP Flooring, and a New Central Air Unit. The New Rubber Roof adds long term durability! The Full Basement is just waiting to be finished with your personal touch! There is a potential 4th bedroom or office in the basement finished now! Parking out back offers 10 spots approx. The building has block walls and great bones! Call today for your showing!

11. 2026-01-12
    listed $164,900 Active 692-char remark

    Show marketing remark (692 chars)

    You don't want to miss this property within walking distance to the up and coming Downtown Marion! The 3 bed 1 bath Home has a Stunning Open Floor Plan! This home offers a refreshed inside featuring New Electrical Wiring, New Plumbing, New Insulation, New Interior Doors, New Windows, New Hot Water Tank, New Walk In Shower, New Paint, New LVP Flooring, and a New Central Air Unit. The New Rubber Roof adds long term durability! The Full Basement is just waiting to be finished with your personal touch! There is a potential 4th bedroom or office in the basement finished now! Parking out back offers 10 spots approx. The building has block walls and great bones! Call today for your showing!

12. 2022-07-27
    soldstatus $62,000
13. 2022-07-22
    soldstatus $62,000 Closed 539-char remark

    Show marketing remark (539 chars)

    You don't want to miss this property within walking distance to the up and coming Marion, OH! This is also zoned Commercial! Bring your imagination and make this your own special investment! This property once had a salon in it so it has ample plumbing and electricity already! Last was used as a rental property. Parking out back offers 10-15 spots. The building has block walls and great bones to it, all it needs is your personal touch to make it your own creation! * * * Property is selling AS-IS! * * * Call today for a showing!

14. 2022-06-14
    historical Contingent Finance and Inspection 539-char remark

    Show marketing remark (539 chars)

    You don't want to miss this property within walking distance to the up and coming Marion, OH! This is also zoned Commercial! Bring your imagination and make this your own special investment! This property once had a salon in it so it has ample plumbing and electricity already! Last was used as a rental property. Parking out back offers 10-15 spots. The building has block walls and great bones to it, all it needs is your personal touch to make it your own creation! * * * Property is selling AS-IS! * * * Call today for a showing!

15. 2022-05-11
    price $75,000 539-char remark

    Show marketing remark (539 chars)

    You don't want to miss this property within walking distance to the up and coming Marion, OH! This is also zoned Commercial! Bring your imagination and make this your own special investment! This property once had a salon in it so it has ample plumbing and electricity already! Last was used as a rental property. Parking out back offers 10-15 spots. The building has block walls and great bones to it, all it needs is your personal touch to make it your own creation! * * * Property is selling AS-IS! * * * Call today for a showing!

16. 2022-04-25
    listed $85,000 Active 539-char remark

    Show marketing remark (539 chars)

    You don't want to miss this property within walking distance to the up and coming Marion, OH! This is also zoned Commercial! Bring your imagination and make this your own special investment! This property once had a salon in it so it has ample plumbing and electricity already! Last was used as a rental property. Parking out back offers 10-15 spots. The building has block walls and great bones to it, all it needs is your personal touch to make it your own creation! * * * Property is selling AS-IS! * * * Call today for a showing!

17. 2007-01-18
    soldstatus $90,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast OH · Partial reset (capped growth)

• Current annual tax: $1,141 · $95/mo
• Projected year-2 tax: $1,604 · $134/mo
• Expected delta: +$463/yr (+$39/mo · 40.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥100°F today · 18 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,067
• − Mortgage interest: −$7,422
• − Property taxes: −$1,141
• − Insurance: −$662
• − Repairs & maintenance: −$1,205
• − Management: −$1,205
• − Depreciation: −$3,855
• Taxable loss: −$424
• Est. tax savings @ 24.0%: +$102
• After-tax cash flow: $1,863/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Marion City
• NCES district ID: 3904433
• Math proficiency: 22% ▼ -17.00%
• Reading proficiency: 31% ▼ -8.00%
• Median HH income: $32,327
• Composite: 21.58/100
• National rank: #8306
• State rank: #600 of 656 in OH

Livability — Marion

• Score: 65/100
• State rank: #704
• US rank: #12605

Category grades

Amenities F Commute F Cost of living A+ Crime D+ Employment F Housing A+ Health & safety F User ratings B-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Marion, OH
• County: Marion County · 53,702 people
• City population: 53,702
• Metro: Marion, OH
• Population (ZIP): 53,702
• Household income: $55,057
• Rent vs Own: 36.6% rent · 63.4% own
• Severe rent burden: 1554.0

Population outlook (Marion County) Hauer SSP2

• Today (2025): 62,078 people
• By 2030: 60,049 · -3.3%
• By 2040: 55,413 · -10.7%
• By 2050: 50,604 · -18.5%
• By 2075: 40,162 · -35.3%
• By 2100: 29,105 · -53.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Black 6% Two or more races 6% Hispanic / Latino 3%
• Common ancestry: Slovak 2% Romanian 2% Lithuanian 2%
• Foreign-born: 2% · Canada
• Languages at home: 96% English-only · Spanish 2% Arabic 1%

Political lean MEDSL · Marion

• 2024 margin: Solid R (+41.4) · D 28.9% · R 70.3%
• 2008→2024 swing: -32.5pp toward R · 2008: -8.9pp · 2024: -41.4pp
• All cycles: 2024: R+41.4 2020: R+38.6 2016: R+34.4 2012: R+7.6 2008: R+8.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -114.52%
• Current HPI: 223.5344
• Rent YoY: —
• Metro: Marion, OH
• State GDP YoY: ▲ 1.98%
• F500 in state: 48

Industry mix (Fortune 500 HQ in OH)

Industry	F500 HQs	Revenue
▸Insurance	3	$145B
▸Industrial Machinery	3	$49B
▸Financial Services	3	$24B
▸Consumer Goods	2	$93B
▸Aerospace / Defense	2	$47B
▸Utilities	2	$33B

Price history

+47.2% since first listed

14 events — show timeline

• 2026-05-18 Price Changed $132,500 CBRMLS
• 2026-04-21 Price Changed $140,000 CBRMLS
• 2026-03-25 Relisted — CBRMLS
• 2026-03-13 Contingent — CBRMLS
• 2026-03-03 Price Changed $145,000 CBRMLS
• 2026-02-13 Price Changed $149,900 CBRMLS
• 2026-02-02 Price Changed $159,900 CBRMLS
• 2026-01-12 Listed $164,900 CBRMLS
• 2022-07-27 Sold (Public Records) $62,000 Public Records
• 2022-07-22 Sold (MLS) $62,000 CBRMLS
• 2022-06-14 Contingent — CBRMLS
• 2022-05-11 Price Changed $75,000 CBRMLS
• 2022-04-25 Listed $85,000 CBRMLS
• 2007-01-18 Sold (Public Records) $90,000 Public Records

Property tax history

+5.1%/yr

Latest (2025): $1,141 · +0.0% YoY. Source: county tax records.