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Mixed-Use Multifamily & Retail Property
For Sale
$79,900

245 Fourth Street, Mansfield, OH 44903

MULTI_FAMILY - Mansfield, OH

Property SizeContact for details
Lot Size0.24 Acres
Days on Market135

Property Features for 245 Fourth Street

General Information

Property type Residential Multi Family
Property subtype Other
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 Head west on West Fourth Street, property is on the left.
Subdivision Richland
Standard status Active
APN 0270308808000
Lot size 0.24 Acres

Taxes and HOA fees

Tax Description 876 & 875 120.19 X 176.74
Legal Description 876 & 875 120.19 X 176.74

Utilities

Sewer type Public Sewer
Water source Public

Building Details

Year built 1900
Building materials Vinyl Siding
Listing Agency: Dream Huge Realty
Listed By: Tyler Amos
Added: Mar 25 Changed: Jul 25 Last Checked: Aug 6 at 11:06PM
MLS# 9072780

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.

This mixed-use property includes multi-family and commercial components and is being offered for sale in Mansfield, Ohio. Recent updates reportedly completed within the last couple of years include a roof, plumbing work, two new water heaters, newer electrical, a new gas line for the stove, and a new water line for the property. Additional work is described as needed, with remaining items ready for the next owner to implement.

The property is located in the Mansfield City School district. It sits on a 0.2438-acre lot.

With both multi-family and commercial space in place and key infrastructure updates already underway, the property is positioned for an investor or owner-operator looking to finish the remaining improvements.

Key Highlights

  • Multi‑family/commercial mixed‑use property with updates made in the last couple of years
  • Roof updated within the last couple of years
  • Improvements include plumbing work and two new water heaters

Property Analytics

Current Use

Chenita Group Home Nursing Home

Suggested Use

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

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

Location Intelligence

Trade Area within ½ mile

1,522
Businesses Nearby

Demographics for 44903, OH

25,613
Population
11,425
Households
2.2
Avg Household Size
42
Median Age
20%
College-Educated
92%
High-School Grad
114.1 sq mi
ZIP Area
224
Density / Sq Mi
$65,421
Median Household Income
$36,553
Median Earnings
$811
Median Rent
$177,900
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

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

What type of property is this?
Multifamily property - Mixed-use property with recent updates including roof, plumbing, water heaters, and electrical improvements.
Where is this multifamily property located?
The property is located at 245 Fourth Street Mansfield, OH.
What is the asking price?
The asking price for this property is $79,900.
What are key features of this property?
This property features: Multi‑family/commercial mixed‑use property with updates made in the last couple of years; Roof updated within the last couple of years; Improvements include plumbing work and two new water heaters
More about this property
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