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Multifamily Portfolio Package
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248 Hedges St, Mansfield, OH 44902

Three residential income buildings totaling nine units are offered as a package deal, sold as-is.

Property SizeContact for details
Days on Market125

Property Features for 248 Hedges St

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Multifamily Units 9

Building Details

Tenancy Multi
Listing Agency: Keller Williams Capital Partners
Listed By: Michelle Demopolis · License #2004020558
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 12:18AM

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 offering includes a package deal of three residential income buildings for sale together. The total portfolio consists of nine units across multiple addresses in Mansfield, Ohio, and is being sold in as-is condition.

Per the seller’s information, the buildings generate $3,835 in monthly rent, with estimated expenses including trash at $300 per month, water billed between $120 and $170 per month, Columbia Gas at $55 per month, and mowing at $120 per month. The seller notes a motivated out-of-state disposition and requests that prospective buyers not bother tenants.

The property is presented as a landlord-ready acquisition opportunity, with the full package available through this listing.

Key Highlights

  • Package deal includes 244 Hedges St, Mansfield and 217 S Franklin St, Mansfield
  • Three residential income buildings with 9 total units
  • Total monthly rent reported at $3,835

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Gym & Fitness Center Pharmacy (Bike/Boat/Book/etc) Store Pet Grooming Service Bakery Florist

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
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,093
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
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - Three residential income buildings totaling nine units are offered as a package deal, sold as-is.
Where is this apartment building located?
The property is located at 248 Hedges St Mansfield, OH.
What are key features of this property?
This property features: Package deal includes 244 Hedges St, Mansfield and 217 S Franklin St, Mansfield; Three residential income buildings with 9 total units; Total monthly rent reported at $3,835
(740) 602-0126 Call to check price and availability
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