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Updated Triplex With Mixed Unit Sizes
New
For Sale
$119,900

241 Lexington Ave, Mansfield, OH 44907

The property combines a larger front residence with two smaller units and includes updated electrical, windows, carpet, and roof repairs.

Property Size2,368 SF
Price / SF$50.63
Days on Market5

Property Features for 241 Lexington Ave

General Information

Standard status Active
Size 2,368 SF
Property subtype Residential Income

Units

Unit Mix 1 x 3BR/1.5BA, 2 x 1BR/1BA
Multifamily Units 3

Taxes and HOA fees

Annual Taxes $781

Building Details

Buildings 1
Listing Agency: The Holden Agency
Listed By: Keaton Partin
Source: Exprealty
Added: Sep 12 Changed: Sep 16 Last Checked: Sep 15 at 2:39PM

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 The Holden Agency

Investment Insights

Based on property information with market context.

Located at 241 Lexington Ave in Mansfield, Ohio, this 2,368-square-foot triplex includes three residential units with varied layouts. The front unit offers three bedrooms and 1.5 baths, while the two rear units each provide one bedroom and one bath.

The front residence has a furnace and central air. Baseboard heaters serve the rear units. Property improvements include updated electrical service, windows, and carpet, along with roof repairs. The combination of unit sizes and recent improvements provides a clear multifamily configuration for continued residential use.

Key Highlights

  • 2,368‑square‑foot triplex with three residential units
  • Front unit includes 3 bedrooms and 1.5 baths
  • Two rear units each offer 1 bedroom and 1 bath

Property Analytics

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Current Use

Triplexes

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Cafe & Coffee Shop Butcher Florist Storage Facility

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

788
Businesses Nearby

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

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 - The property combines a larger front residence with two smaller units and includes updated electrical, windows, carpet, and roof repairs.
Where is this triplex located?
The property is located at 241 Lexington Ave Mansfield, OH.
What is the asking price?
The asking price for this property is $119,900.
What are key features of this property?
This property features: 2,368‑square‑foot triplex with three residential units; Front unit includes 3 bedrooms and 1.5 baths; Two rear units each offer 1 bedroom and 1 bath
More about this property
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