10-Unit Apartment
For Sale
Contact for pricing
Pending
327 N TRIMBLE RD, Mansfield, OH 44906
Apartment property with ten units, constructed in 1978.
Property Size3,240 SF
Days on Market145
Property Features for 327 N TRIMBLE RD
General Information
Standard status
Pending
Size
3,240 SF
Property subtype
Multifamily
Net Operating Income
$51,300
Additional Details
Multifamily Units
10
Building Details
Year Built
1978
Buildings
2
Stories
1
Units
10
Listing Agency:
Forge Real Estate Advisors
Listed By:
Joey Miller · License #2021000671
Source:
Crexi
Added: May 25
Changed: Oct 7
Last Checked: Oct 16 at 9:45AM
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 Forge Real Estate Advisors
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Investment Insights
Based on property information with market context.
This apartment building contains 10 units and was constructed in 1978. The property has a reported size of 3,240 and is located at 327 N Trimble Rd in Mansfield, Ohio.
Key Highlights
- 10‑unit apartment building
- Constructed in 1978
- Reported property size of 3,240
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,095
Cap Rate
5.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,900
$481.9K
Cap Rate 7%
$344,214
$344.2K
Cap Rate 9%
$267,722
$267.7K
Market Conditions
NOI Build-Up for 3,240 SF
Gross rent
$46.7K $14.40/SF
− Vacancy
−$2.8K −$0.88/SF
EGI
$43.8K $13.52/SF
− OpEx
−$19.7K −$6.08/SF
NOI
$24.1K $7.44/SF
Area
Richland County, OH
Vacancy
6.10%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$481,900
Cap Rate 7%
$344,214
Cap Rate 9%
$267,722
Alternative Uses
Best Use
Apartment 5plus
$344.2K
$301.2K – $401.6K
NOI $24,095 @ 7.0% cap · market cap 5.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$651.9K
$570.4K – $760.5K
NOI $45,630 @ 7.0% cap · market cap 9.81%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
10
Residential units
Location Intelligence
Trade Area within ½ mile
352
Businesses Nearby
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Business Placement
Demographics for 44906, OH
16,566
Population
8,613
Households
1.9
Avg Household Size
45
Median Age
22%
College-Educated
88%
High-School Grad
19.5 sq mi
ZIP Area
850
Density / Sq Mi
$51,358
Median Household Income
$36,087
Median Earnings
$783
Median Rent
$127,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Apartment property with ten units, constructed in 1978.
Where is this apartment building located?
The property is located at 327 N TRIMBLE RD Mansfield, OH.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: 10‑unit apartment building; Constructed in 1978; Reported property size of 3,240
