Brick Duplex with Private
For Sale
$190,000
Pending
1130 Monterey Dr, Mansfield, OH 44907
The two units have 2- and 3-bedroom layouts, with walk-out basements that provide room for additional living space.
Property Size2,092 SF
Days on Market14
Property Features for 1130 Monterey Dr
General Information
Standard status
Pending
Size
2,092 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 2-bedroom, 1 x 3-bedroom
Multifamily Units
2
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$3,324
Amenities
private balcony
walk-out basement
common entry area
Building Details
Buildings
1
Construction
all-brick
Listing Agency:
Haring Realty, Inc.
(419) 756-8383
Listed By:
Russel White
(419) 566-1262
Source:
Exprealty
Added: Oct 20
Changed: Nov 2
Last Checked: Nov 1 at 10:11AM
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 Haring Realty, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This brick duplex at 1130 Monterey Dr in Mansfield has two distinct units: an updated 2-bedroom layout and a larger 3-bedroom layout. Each has a main-floor slider opening to a private balcony, plus a walk-out basement with space for additional living use. A shared entry area provides an indoor place for package deliveries.
The roof was installed in 2024. Both units are occupied by long-term tenants on month-to-month arrangements.
The roof was installed in 2024. Both units are occupied by long-term tenants on month-to-month arrangements.
Key Highlights
- Brick duplex with an updated 2‑bedroom unit and a larger 3‑bedroom unit
- Private balcony access from each unit’s main floor
- Walk‑out basement in each unit, with room for additional living space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,383
Cap Rate
9.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,660
$347.7K
Cap Rate 7%
$248,329
$248.3K
Cap Rate 9%
$193,144
$193.1K
Market Conditions
NOI Build-Up for 2,092 SF
Gross rent
$26.4K $12.60/SF
− Vacancy
−$1.5K −$0.73/SF
EGI
$24.8K $11.87/SF
− OpEx
−$7.4K −$3.56/SF
NOI
$17.4K $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%
$347,660
Cap Rate 7%
$248,329
Cap Rate 9%
$193,144
Alternative Uses
Best Use
Multifamily LT 5
$248.3K
$217.3K – $289.7K
NOI $17,383 @ 7.0% cap · market cap 9.15%
Second Best
Apartment 5plus
$222.3K
$194.5K – $259.3K
NOI $15,558 @ 7.0% cap · market cap 8.19%
Theoretical Best
Office A
$420.9K
$368.3K – $491.0K
NOI $29,462 @ 7.0% cap · market cap 15.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
133
Businesses Nearby
Explore this area
Business Placement
Demographics for 44907, OH
15,014
Population
7,798
Households
1.9
Avg Household Size
44
Median Age
19%
College-Educated
91%
High-School Grad
7.8 sq mi
ZIP Area
1,925
Density / Sq Mi
$44,033
Median Household Income
$34,528
Median Earnings
$788
Median Rent
$130,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The two units have 2- and 3-bedroom layouts, with walk-out basements that provide room for additional living space.
Where is this duplex located?
The property is located at 1130 Monterey Dr Mansfield, OH.
What is the asking price?
The asking price for this property is $190,000.
What are key features of this property?
This property features: Brick duplex with an updated 2‑bedroom unit and a larger 3‑bedroom unit; Private balcony access from each unit’s main floor; Walk‑out basement in each unit, with room for additional living space
