Three-Unit Brick
New
For Sale
$285,000
104 Brookwood Way N, Mansfield, OH 44906
Three two-bedroom apartments are fully occupied, with tenants paying utilities separately.
Property Size2,408 SF
Price / SF$118.36
Days on Market6
Property Features for 104 Brookwood Way N
General Information
Standard status
Active
Size
2,408 SF
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Individually Metered Utilities
unspecified utilities
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$2,627
Building Details
Building Size
2,408 SF
Year Built
1964
Buildings
1
Construction
brick
Listing Agency:
Keller Williams Elevate
Listed By:
Joseph Wampler
(567) 284-0416
Source:
Coccarealestate
Added: Oct 19
Changed: Oct 23
Last Checked: Oct 23 at 3:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Elevate
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Investment Insights
Based on property information with market context.
This 2,408-square-foot brick triplex contains three apartments, each configured with two bedrooms and one bathroom. Built in 1964, the property includes a renovated unit, and all three apartments are currently rented. Utilities are separately metered and paid by tenants in addition to rent.
The property is at 104 Brookwood Way N in Mansfield, Ohio, near shopping, dining, and everyday amenities.
The property is at 104 Brookwood Way N in Mansfield, Ohio, near shopping, dining, and everyday amenities.
Key Highlights
- Three apartments, each with 2 bedrooms and 1 bathroom
- All 3 units currently rented
- 2,408 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,009
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,180
$400.2K
Cap Rate 7%
$285,843
$285.8K
Cap Rate 9%
$222,322
$222.3K
Market Conditions
NOI Build-Up for 2,408 SF
Gross rent
$30.3K $12.60/SF
− Vacancy
−$1.8K −$0.73/SF
EGI
$28.6K $11.87/SF
− OpEx
−$8.6K −$3.56/SF
NOI
$20.0K $8.31/SF
Area
Richland County, OH
Vacancy
5.79%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,180
Cap Rate 7%
$285,843
Cap Rate 9%
$222,322
Alternative Uses
Best Use
Multifamily LT 5
$285.8K
$250.1K – $333.5K
NOI $20,009 @ 7.0% cap · market cap 7.02%
Second Best
Apartment 5plus
$255.8K
$223.9K – $298.5K
NOI $17,908 @ 7.0% cap · market cap 6.28%
Theoretical Best
Office A
$484.5K
$423.9K – $565.2K
NOI $33,912 @ 7.0% cap · market cap 11.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
468
Businesses Nearby
Explore this area
Business Placement
Demographics for 44906, OH
16,566
Population
8,613
Households
1.9
Avg Household Size
45
Median Age
22%
College-Educated
88%
High-School Grad
19.5 sq mi
ZIP Area
850
Density / Sq Mi
$51,358
Median Household Income
$36,087
Median Earnings
$783
Median Rent
$127,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Three two-bedroom apartments are fully occupied, with tenants paying utilities separately.
Where is this triplex located?
The property is located at 104 Brookwood Way N Mansfield, OH.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Three apartments, each with 2 bedrooms and 1 bathroom; All 3 units currently rented; 2,408 square feet
