Brick Triplex with Central
For Sale
$359,000
587 Dogwood Circle, Mansfield, OH 44903
Residential Income, 1 Story, Mansfield, OH
Property Size2,668 SF
Lot Size0.29 Acres
Price / SF$134.56
Days on Market49
Property Features for 587 Dogwood Circle
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bathroom 3, Bathroom 1, Bathroom 2, Bedroom 6, Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 5
High school
Madison Local School District
Elementary school district
Madison Local School District
Middle school district
Madison Local School District
High school district
Madison Local School District
Directions
Park Ave East to Biscayne Dr, Left onto Kentwood Dr, and Right onto Dogwood Circle.
Subdivision
Richland
Standard status
Active
APN
0211711503000
Lot size
0.29 Acres
Taxes and HOA fees
Tax Description
IMPERIAL EST NO 3 BLOCK B 27 100.9 X 150 X
Tax Annual Amount
2981
Legal Description
IMPERIAL EST NO 3 BLOCK B 27 100.9 X 150 X
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1970
Floors in Building
1
Number of units
3
Building materials
Brick
Architectural style
Other
Listing Agency:
Key Realty
(877) 539-7589
Listed By:
Rui Shi
(626) 500-9905
Added: Sep 5
Changed: Oct 21
Last Checked: Oct 23 at 7:06AM
MLS# 20100697
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.
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Investment Insights
Based on property information with market context.
This brick triplex contains 3 units within 2,668 SF and was built in 1970. Each unit is described as having 2 bedrooms and 1 bathroom, with a refrigerator, stove, washer, and dryer. The property is currently occupied by long-term tenants. Improvements include a newer roof, forced-air natural gas heating, central air, and a concrete driveway that is around 3 years old.
Set on 0.2946 acres at the end of a quiet cul-de-sac in Mansfield, the property is near Forest Hills Golf Course and Routes 30 and 71. Each unit has 2 assigned parking spots. Tenants pay electricity, gas, and trash, while the landlord pays water and sewer. Public water and public sewer serve the property.
Set on 0.2946 acres at the end of a quiet cul-de-sac in Mansfield, the property is near Forest Hills Golf Course and Routes 30 and 71. Each unit has 2 assigned parking spots. Tenants pay electricity, gas, and trash, while the landlord pays water and sewer. Public water and public sewer serve the property.
Key Highlights
- 3‑unit triplex with 2,668 SF
- Each unit has 2 bedrooms and 1 bathroom
- Brick construction with newer roof, forced‑air heat, and central air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,169
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$443,380
$443.4K
Cap Rate 7%
$316,700
$316.7K
Cap Rate 9%
$246,322
$246.3K
Market Conditions
NOI Build-Up for 2,668 SF
Gross rent
$33.6K $12.60/SF
− Vacancy
−$1.9K −$0.73/SF
EGI
$31.7K $11.87/SF
− OpEx
−$9.5K −$3.56/SF
NOI
$22.2K $8.31/SF
Area
Richland County, OH
Vacancy
5.79%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$443,380
Cap Rate 7%
$316,700
Cap Rate 9%
$246,322
Alternative Uses
Best Use
Multifamily LT 5
$316.7K
$277.1K – $369.5K
NOI $22,169 @ 7.0% cap · market cap 6.18%
Second Best
Apartment 5plus
$283.5K
$248.0K – $330.7K
NOI $19,842 @ 7.0% cap · market cap 5.53%
Theoretical Best
Office A
$536.8K
$469.7K – $626.2K
NOI $37,574 @ 7.0% cap · market cap 10.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
25
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with updated major systems, individual parking, and public utilities in Madison School District.
Where is this triplex located?
The property is located at 587 Dogwood Circle Mansfield, OH.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: 3‑unit triplex with 2,668 SF; Each unit has 2 bedrooms and 1 bathroom; Brick construction with newer roof, forced‑air heat, and central air
