Advertise
    Location, address, ZIP or keywords
    Back to Search
    Mansfield Multi-Family Investment Opportunity

    49 -51 Lind Avenue Mansfield, OH 44903

    49 -51 Lind Avenue, Mansfield, OH, 44903
    $174,900
    For Sale
    Claim this Listing
    $174,900

    MULTI_FAMILY - Mansfield, OH

    Property Size2,100 SF
    Lot Size0.10 Acres
    Price / SF$83.29
    AddedMar 10
    Days on Market129
    Last RefreshJul 16 at 2:06 am

    Property Features for 49 -51 Lind Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    2
    Rooms
    Bedroom 1, Bathroom 1, Bedroom 6, Bedroom 5, Basement, Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 2
    Parking
    3
    Standard status
    Active
    APN
    0270111010000
    Size
    2,100 SF
    Lot size
    0.10 Acres

    Taxes and HOA fees

    Tax Description
    5462 & 5463 N PTS EA 50 X

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Water source
    Public

    Building Details

    Year built
    1930
    Floors in Building
    2
    Number of units
    2
    Roof type
    Asphalt
    Architectural style
    Other

    Listing agent Erika Young

    Listing office Sluss Realty Co. 1641 Park Avenue W, OH

    Listing date Mar 10, 2026

    MLS# 230916 Listing URL

    Copyright © 2026 Ashland Board 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 two-unit multi-family property in Mansfield, Ohio, presents an investment opportunity or potential for owner-occupancy with rental income. The property features upper and lower units, each with separate entrances and utilities. Both units offer spacious layouts with 3 bedrooms, living room, dining room, and kitchen, all with natural light. Located minutes from downtown on a quiet dead-end street, the property is also a few blocks from OhioHealth Mansfield Hospital and close to shopping and dining options. Public transportation is available. Off-street parking is included for several vehicles. The lot size is approximately 0.1019 acres and the property size is 2100 square feet. A one-year home warranty is included.

    Key Highlights

    • Two‑unit multi‑family with both upper and lower units, each with separate entrances and utilities
    • Each unit offers 3 bedrooms plus living room (LR), dining room (DR), and kitchen (Kit)
    • Forced‑air natural gas heating; asphalt roof

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $30.2k $14.40
    − Vacancy −$1.8k −$0.88
    EGI $28.4k $13.52
    − OpEx −$12.8k −$6.08
    NOI $15.6k $7.44
    2,100 SF · lease $14.40/SF/yr · vacancy 6.10% · expense 45.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $249.3K
    $218.1K – $290.8K (±1% cap)
    NOI $17,450 @ 7.0% cap · market cap 9.98%
    Second Best
    Apartment 5plus
    $223.1K
    $195.2K – $260.3K (±1% cap)
    NOI $15,617 @ 7.0% cap · market cap 8.93%
    Theoretical Best
    Office A
    $422.5K
    $369.7K – $492.9K (±1% cap)
    NOI $29,575 @ 7.0% cap · market cap 16.91%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Storage Facility Big Box & Wholesale Store HVAC Service Bakery Gym & Fitness Center Florist (Bike/Boat/Book/etc) Store Butcher Auto Parts Store Hotel & Motel

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

    Similar For Sale Nearby

    • $750,000

      Drive-Through Retail Redevelopment Site

      Zoned B-2 with interim income, positioned along Park Ave W and suited for drive-thru restaurant, retail, or service uses.
      800 Park Ave W, Mansfield, OH 44906
      View Details
    • $550,000

      Redevelopment Drive-Thru Retail Site

      B-2 zoned site on Park Ave W in Mansfield, OH, sized for redevelopment with drive-thru potential.
      788 Park Ave W, Mansfield, OH 44906
      View Details
    • $139,000

      Corner Convenience Store with Drive-Through

      Corner-lot retail building with a drive-through window, walk-in coolers, and 2024 HVAC, electrical, and parking updates.
      233 Lexington Avenue, Mansfield, OH 44907
      View Details
    • $1,300,000

      Multi-Parcel Office Redevelopment Opportunity

      Zoned B-2, the offering combines an office building and former racquet club facility across multiple parcels.
      788800 Park Ave W, Mansfield, OH 44906
      View Details
    • $279,900

      Historic Four-Story Warehouse Building

      Four-story downtown warehouse with three dock-high loading bays and adaptable space for retail, office, production, or storage.
      160 Main, Mansfield, OH 44902
      View Details
    • $279,900

      Restaurant and Bar Zoned Building

      A 1938 building with recent roof, windows, and decking, zoned for restaurant, bar, or cafeteria use.
      1896 Ashland Rd, Mansfield, OH 44905
      View Details
    • $985,000

      Block Restaurant Building with Parking

      All-block building with a fully equipped Chinese restaurant and multiple leaseable spaces, plus parking and substantial road frontage.
      1041 Park Ave. W, Mansfield, OH 44906
      View Details
    • $104,900

      B-3 Zoned Retail/Office Property

      B-3 zoned commercial property with ADA access and strong storefront visibility for retail or service use.
      889 Ashland Road, Mansfield, OH 44905
      View Details
    • $340,000

      Fruit Farm with Greenhouses

      Operating fruit and garden center with greenhouses, automated irrigation, private well, and retail offerings.
      1482 Ashland Road, Mansfield, OH 44905
      View Details
    • $349,900

      Duplex Property with Renovation Opportunity

      Two structures on 1.54 acres with newly installed roofs, including a duplex with an MTM tenant and a second house needing rehab.
      1298 Ashland Road, Mansfield, OH 44905
      View Details
    • $145,000

      Religious Facility with Balcony Sanctuary

      Church property includes a 1908 sanctuary with balcony and later additions for classrooms, offices, and meeting rooms.
      541 Springmill St, Mansfield, OH 44906
      View Details
    • $449,500

      Turnkey Creative Office Suite

      Rebuilt in 2016, the suite includes two private offices with separate entrances and an additional loft area.
      20 Mulberry St, Mansfield, OH 44902
      View Details

    FAQs

    What type of property is this?
    Duplex - Two-unit property near downtown Mansfield, ideal for investment or owner-occupancy.
    Where is this duplex located?
    The property is located at 49 -51 Lind Avenue Mansfield, OH.
    What is the asking price?
    The asking price for this property is $174,900.
    What are key features of this property?
    This property features: Two‑unit multi‑family with both upper and lower units, each with separate entrances and utilities; Each unit offers 3 bedrooms plus living room (LR), dining room (DR), and kitchen (Kit); Forced‑air natural gas heating; asphalt roof
    Contact an agent
    (419) 512-3573
    We can help!
    Contact an agent
    Erika Young
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    49 -51 Lind Avenue, Mansfield, OH 44903
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!