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Downtown Triplex with Expansion Potential
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156 West 3rd Street, Mansfield, OH 44902

Three-unit income property with gas service and existing heating and water systems.

Property Size3,100 SF
Price / SF$4.90
Days on Market95

Property Features for 156 West 3rd Street

General Information

Standard status Active
Size 3,100 SF
Property subtype Multi-Family / Mixed Use

Additional Details

Multifamily Units 3

Taxes and HOA fees

Annual Taxes $447

Amenities

Other
Gas
No

Building Details

Year Built 1880
Listing Agency: Sluss Realty Company
Listed By: MICHELLE LYNN MURRELL · License #2025001142
Source: Compass
Added: May 28 Changed: Aug 30 Last Checked: Aug 30 at 5:28AM

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 Sluss Realty Company

Investment Insights

Based on property information with market context.

This 3,100-square-foot multifamily property was built in 1880 and is currently arranged as three residential units. Gas service is identified, with three furnaces and three water heaters present; the functionality of these systems has not been verified.

The property is located in downtown Mansfield at 156 West 3rd Street. The existing triplex configuration also includes the stated potential for a fourth unit, subject to the necessary evaluation and approvals.

Key Highlights

  • Current triplex configuration with potential for a fourth unit
  • 3,100 square feet of multifamily property
  • Three furnaces and three water heaters present; functionality not guaranteed

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

3
Residential units

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 - Three-unit income property with gas service and existing heating and water systems.
Where is this triplex located?
The property is located at 156 West 3rd Street Mansfield, OH.
What are key features of this property?
This property features: Current triplex configuration with potential for a fourth unit; 3,100 square feet of multifamily property; Three furnaces and three water heaters present; functionality not guaranteed
More about this property
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