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    Updated Triplex in Mansfield, Ohio Title is generated by Realmo AI

    30 Douglas Avenue, Mansfield, OH 44906

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    For Sale
    $179,900

    Three Unit, Multi-Family - Mansfield, OH

    Lot size:
    0.15 Acres
    Added:
    May 22, 2026
    Days on Market:
    1
    Last Refresh:
    May 22 at 6:06 pm

    Property Features for 30 Douglas Avenue

    General Information

    Property type
    Residential Multi Family
    Bedrooms
    6
    Bathrooms
    3
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking
    3
    Interior features
    Smoke Alarm
    Exterior features
    Paved Street
    Basement Y/N
    1
    Appliances
    Range, Refrigerator
    Standard status
    Active
    APN
    0270109402000
    Lot size
    0.15 Acres

    Taxes and HOA fees

    Tax Annual Amount
    968.14

    Utilities

    Heating system
    Baseboard, Electric (Heating)
    Cooling system
    Multi Units, Wall Unit(s)

    Building Details

    Year built
    1920
    Number of units
    3
    Building materials
    Vinyl Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    John Pavlansky
    John Pavlansky

    Listing agent John Pavlansky

    Listing office Dream Huge Realty 1336 Park Ave W, Mansfield, OH

    Listing date May 22, 2026

    MLS# 9073465 Listing URL

    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.

    HighLights

    • Fully rented triplex provides immediate and stable cash flow.
    • All three units fully renovated in 2025 with new flooring, paint, kitchens, and bathrooms.
    • New mini‑split heating and cooling systems installed in all units.
    • Each unit includes new refrigerators and stoves.
    • Private parking available for tenants behind the property.
    • Exterior updates include fresh landscaping and new front and rear decks.

    Overview

    Located in Mansfield, Ohio, 30 Douglas Ave is a fully rented triplex that offers strong cash flow. The property has newly completed updates throughout. All three units are equipped with electric baseboard heat and new mini-split heating and cooling systems, as well as new refrigerators and stoves. Tenants have access to private parking behind the property via a gravel driveway. Exterior updates include fresh landscaping and a new front and rear deck. Unit A is a three-bedroom, one-bathroom unit featuring large bedrooms and a full renovation completed in 2025, including new flooring, interior paint, a fully remodeled bathroom, new kitchen cabinets and countertops, and interior doors. Unit B is an updated efficiency with access to the upper porch and received the same full 2025 renovation as Unit A. Unit C is a two-bedroom, one-bathroom unit featuring two stories of living space along with new flooring, paint, kitchen and bath upgrades, completed in 2025. The property is situated on a 0.15-acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Alex's Beauty Store (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mansfield
    County
    Richland
    State
    Ohio
    Longitude
    -82.5303476
    Latitude
    40.7580041

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    FAQs

    What type of property is this?
    Triplex - Fully rented triplex with recent updates and strong cash flow.
    Where is this triplex located?
    The property is located at 30 Douglas Avenue Mansfield, OH.
    What is the asking price?
    The asking price for this property is $179,900.
    What are key features of this property?
    This property features: Fully rented triplex provides immediate and stable cash flow.; All three units fully renovated in 2025 with new flooring, paint, kitchens, and bathrooms.; New mini‑split heating and cooling systems installed in all units.
    (567) 303-4714
    We can help!
    Listing Contact
    John Pavlansky
    John Pavlansky
    Real Estate License ID: 2022000938
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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