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Triplex with Potential for Fourth Unit
For Sale
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152 -156 Third Street, Mansfield, OH 44902

MULTI_FAMILY - Mansfield, OH

Property SizeContact for details
Days on Market50

Property Features for 152 -156 Third Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 4
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 3, Bathroom 1, Bedroom 4, Bathroom 3, Bedroom 1, Bathroom 2, Bedroom 2
High school Mansfield City School District
Elementary school district Mansfield City School District
Middle school district Mansfield City School District
High school district Mansfield City School District
Directions SR 430 E to left on Sycamore St. to right at the 1st cross street onto W Third St.
Subdivision Richland
Standard status Active
APN 0270305503000

Taxes and HOA fees

Tax Description 2020 31.5X100X29.5X100 FT S E PT
Tax Annual Amount 447
Legal Description 2020 31.5X100X29.5X100 FT S E PT

Utilities

Sewer type Public Sewer
Heating system Natural Gas
Water source Public

Building Details

Year built 1880
Floors in Building 2
Number of units 3
Building materials Vinyl Siding
Architectural style Other
Listing Agency: Sluss Realty
Listed By: Michelle Murrell
Added: Jun 23 Changed: Aug 2 Last Checked: Aug 11 at 9:06PM
MLS# 9073822

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

Income-producing triplex at 152-156 Third Street in Mansfield, Ohio, currently configured as three units with potential for a fourth unit. The property is a residential income building constructed with vinyl siding and built in 1880.

Heating is provided by natural gas. Public water and public sewer services are available. Three furnaces and three water heaters are present on-site (functionality not guaranteed). Interior layout includes four bedrooms and three bathrooms based on the listed rooms.

This configuration is well suited for investors looking for a redevelopment or reconfiguration concept tied to the possibility of increasing the unit count, while leveraging the existing multi-unit setup.

Key Highlights

  • Triplex currently configured with potential for a fourth unit
  • Built in 1880
  • Vinyl siding exterior

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Bakery Florist Butcher HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,562
Businesses Nearby

Demographics for 44902, OH

4,891
Population
2,240
Households
2.2
Avg Household Size
35
Median Age
4%
College-Educated
83%
High-School Grad
2.0 sq mi
ZIP Area
2,446
Density / Sq Mi
$31,619
Median Household Income
$25,636
Median Earnings
$842
Median Rent
$58,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Triplex - Income-producing triplex at 152-156 Third Street with natural gas heat and public utilities, plus potential for a fourth unit.
Where is this triplex located?
The property is located at 152 -156 Third Street Mansfield, OH.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: Triplex currently configured with potential for a fourth unit; Built in 1880; Vinyl siding exterior
More about this property
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