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9-Unit Apartment Building Portfolio
For Sale
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217 S Franklin Ave, Mansfield, OH 44902

Multi-building apartment package with established residential occupancy and as-is sale terms.

Property SizeContact for details
Days on Market145

Property Features for 217 S Franklin Ave

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Gross Income $46,020
Multifamily Units 9

Building Details

Buildings 3
Listing Agency: Keller Williams Capital Partners
Listed By: Michelle Demopolis · License #2004020558
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 3:59PM

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 Capital Partners

Investment Insights

Based on property information with market context.

This apartment portfolio comprises three buildings totaling 9 units. The package includes the property at 217 S Franklin Ave along with 248 Hedges St and 244 Hedges St in Mansfield, Ohio. The buildings are offered in as-is condition, and the sale presents an opportunity for an investor or an owner occupant seeking an apartment property with an existing residential tenant base.

The properties are being sold together rather than as individual assets. Current occupants remain in place, and tenant privacy is requested during property review. The portfolio provides a compact multifamily configuration across three separate buildings with a combined 9 units.

Key Highlights

  • Three‑building apartment package offered together
  • 9 total units across the portfolio
  • Includes 217 S Franklin Ave, Mansfield, OH 44902

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Pharmacy Gym & Fitness Center (Bike/Boat/Book/etc) Store Auto Parts Store Parking Lot & Garage Locksmith

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

9
Residential units

Location Intelligence

Trade Area within ½ mile

1,060
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?
Apartment building - Multi-building apartment package with established residential occupancy and as-is sale terms.
Where is this apartment building located?
The property is located at 217 S Franklin Ave Mansfield, OH.
What are key features of this property?
This property features: Three‑building apartment package offered together; 9 total units across the portfolio; Includes 217 S Franklin Ave, Mansfield, OH 44902
(740) 602-0126 Call to check price and availability
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