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Mixed-Use Multifamily Property
For Sale
$79,900

245 Fourth Street, Mansfield, OH 44903

Residential Income, Mansfield, OH

Property SizeContact for details
Lot Size0.24 Acres
Days on Market183

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: Sep 7 Last Checked: Sep 23 at 9:06PM
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 combines multifamily and commercial potential within a vinyl-sided building constructed in 1900. The 0.2438-acre parcel is served by public water and public sewer, providing established utility connections for the existing property.

Recent work includes a roof replacement, selected plumbing and electrical updates, two new water heaters, a gas line for the stove, and a new water line serving the property. Additional improvements remain for a future owner to address. The property is located in Mansfield and falls within the Mansfield City School district.

Key Highlights

  • Mixed‑use multifamily and commercial property
  • 0.2438‑acre parcel in Mansfield
  • Roof replaced in recent years

Property Analytics

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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

784
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
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?
Mixed-use property - Multifamily and commercial property with recent improvements and public utilities.
Where is this mixed-use 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: Mixed‑use multifamily and commercial property; 0.2438‑acre parcel in Mansfield; Roof replaced in recent years
More about this property
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