Mansfield Multi-Family Investment
49 -51 Lind Avenue Mansfield, OH 44903
49 -51 Lind Avenue, Mansfield, OH, 44903
$174,900
For Sale
$174,900
MULTI_FAMILY - Mansfield, OH
Property Size2,100 SF
Lot Size0.10 Acres
Price / SF$83.29
Days on Market134
Property Features for 49 -51 Lind Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 6, Bedroom 5, Basement, Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 2
- Parking
- 3
- Standard status
- Active
- APN
- 0270111010000
- Size
- 2,100 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Description
- 5462 & 5463 N PTS EA 50 X
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1930
- Floors in Building
- 2
- Number of units
- 2
- Roof type
- Asphalt
- Architectural style
- Other
Listing Agency
Sluss Realty Co.
(419) 529-3047
1641 Park Avenue W, OH
Listed by
Erika Young
(419) 512-3573
Added: Mar 10 Updated: Jul 13 at 11:09 pm Checked: Jul 21 at 2:06 am
MLS# 230916
Listing URL
Copyright © 2026 Ashland Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-unit multi-family property in Mansfield, Ohio, presents an investment opportunity or potential for owner-occupancy with rental income. The property features upper and lower units, each with separate entrances and utilities. Both units offer spacious layouts with 3 bedrooms, living room, dining room, and kitchen, all with natural light. Located minutes from downtown on a quiet dead-end street, the property is also a few blocks from OhioHealth Mansfield Hospital and close to shopping and dining options. Public transportation is available. Off-street parking is included for several vehicles. The lot size is approximately 0.1019 acres and the property size is 2100 square feet. A one-year home warranty is included.
Key Highlights
- Two‑unit multi‑family with both upper and lower units, each with separate entrances and utilities
- Each unit offers 3 bedrooms plus living room (LR), dining room (DR), and kitchen (Kit)
- Forced‑air natural gas heating; asphalt roof
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $30.2k | $14.40 |
| − Vacancy | −$1.8k | −$0.88 |
| EGI | $28.4k | $13.52 |
| − OpEx | −$12.8k | −$6.08 |
| NOI | $15.6k | $7.44 |
2,100 SF · lease $14.40/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$249.3K
$218.1K – $290.8K
NOI $17,450 @ 7.0% cap · market cap 9.98%
Second Best
Apartment 5plus
$223.1K
$195.2K – $260.3K
NOI $15,617 @ 7.0% cap · market cap 8.93%
Theoretical Best
Office A
$422.5K
$369.7K – $492.9K
NOI $29,575 @ 7.0% cap · market cap 16.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit property near downtown Mansfield, ideal for investment or owner-occupancy.
Where is this duplex located?
The property is located at 49 -51 Lind Avenue Mansfield, OH.
What is the asking price?
The asking price for this property is $174,900.
What are key features of this property?
This property features: Two‑unit multi‑family with both upper and lower units, each with separate entrances and utilities; Each unit offers 3 bedrooms plus living room (LR), dining room (DR), and kitchen (Kit); Forced‑air natural gas heating; asphalt roof
