Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    81 Penn Ave Mansfield, OH 44903

    For Sale
    $199,900

    Three Unit, Multi-Family - Mansfield, OH

    Lot size:
    0.06 Acres
    Days on Market:
    9
    Last Refresh:
    Dec 11 at 12:06 pm

    Property Features for 81 Penn Ave

    General Information

    Property type
    Residential Multi Family
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    5
    Bathrooms
    3
    APN
    0270307407000
    Parking features
    On Street
    Interior features
    Smoke Alarm
    Exterior features
    Paved Street
    Basement Y/N
    1
    Appliances
    Range, Refrigerator
    Lot size
    0.06 Acres

    Utilities

    Heating system
    Baseboard, Electric (Heating)
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1910
    Number of units
    3
    Building materials
    Vinyl Siding
    Architectural style
    Other

    Dream Huge Realty LLC (419) 566-8637 [email protected]

    Listing agent John Pavlansky (419) 528-8260

    Listing date Dec 3, 2025

    MLS# 9069984 Listing URL

    Copyright © 2025 Mansfield Association 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.

    Overview

    Renovated Three-Unit Multifamily Property

    Located in Mansfield, this renovated three-unit multifamily property at 81 Penn Ave presents a turnkey investment opportunity. The building features modern updates and reliable rental potential. Each unit was completely updated in 2025, with new flooring, fresh interior paint, new light fixtures, outlets, and switches, as well as new electric baseboard heaters and new hot water tanks. The kitchens are equipped with new stainless steel appliances, cabinets, and countertops. All bathrooms have been remodeled with new vanities, toilets, and shower surrounds. Additional improvements include new electrical wiring, new plumbing, new block windows in the basement, and a new water line from the property to the street. The decks feature new railings, and a side door provides basement access. On-street parking is available. The property is situated on a lot of 0.06 acres in Richland County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mansfield
    County
    Richland
    State
    Ohio
    Longitude
    -82.5315482
    Latitude
    40.7610394

    Nearby Similar for Sale

    • Contact for pricing
      25,000 SF

      Versatile Commercial Space in Mansfield

      25,000 sq ft commercial space ideal for various businesses.
      850 4Th St, Mansfield, OH 44906
      View Details
    • $87,900

      Multi-Family in Quiet Neighborhood

      Income-generating multi-family property near downtown Mansfield.
      524 Lida St, Mansfield, OH 44903
      View Details
    • $249,900
      Pending

      Well-Maintained Triplex on Large Lot

      Triplex with long-term tenants, private patios, and garages.
      204 Lasalle St, Mansfield, OH 44906
      View Details
    • $339,900
      7,980 SF

      Versatile Commercial Property in Mansfield

      7,980 sq ft commercial building with automotive garage.
      530 Pearl Ave, Mansfield, OH 44905
      View Details
    • $379,995
      2,400 SF

      Ontario Commercial Building For Sale

      Professional building in Ontario, ideal for office or retail.
      25 Lexington Springmill Rd, Mansfield, OH 44906
      View Details
    • New
      $199,900
      0.15 Acres

      Updated Triplex in Mansfield, Ohio

      Partially rented triplex with updates and strong cash flow.
      30 Douglas Ave, Mansfield, OH 44906
      View Details

    FAQs

    What type of property is this?
    Triplex - Turnkey investment property with modern updates and reliable rental potential.
    Where is this triplex located?
    The property is located at 81 Penn Ave Mansfield, OH.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: - Fully renovated 3-unit investment property, updated in 2025.; - Turnkey building with reliable rental potential and minimal maintenance.; - Each unit features new flooring, paint, light fixtures, and updated bathrooms and kitchens.
    (419) 528-8260
    Request Owner's contact information
    81 Penn Ave Mansfield, OH 44903
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    81 Penn Ave
    Mansfield, OH 44903
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    81 Penn Ave Mansfield, OH 44903
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.