3-Unit Ranch
For Sale
$349,800
587 Dogwood Circle, Mansfield, OH 44903
Residential Income, 1 Story, Mansfield, OH
Property Size2,668 SF
Lot Size0.29 Acres
Price / SF$131.11
Days on Market59
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 2, Bedroom 2, Bathroom 3, Bedroom 3, Bedroom 6, Bathroom 1, Bedroom 4, 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
Additional Details
Tenant in Place
Yes
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
(419) 617-0603
Listed By:
Rui Shi
(626) 500-9905
Added: Sep 5
Changed: Nov 2
Last Checked: Nov 2 at 12:06PM
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 3-unit ranch triplex contains 2,668 SF across three residences, each with two bedrooms and one bathroom. Brick construction, a newer roof, a newer furnace, and central air conditioning are among the property’s physical features. Refrigerators, stoves, washers, and dryers are included in each unit. The 1970-built property occupies 0.2946 acres, with a concrete driveway installed about 3 years ago.
The property is on a quiet cul-de-sac in the Madison School District, near Forest Hills Golf Course and Routes 30 and 71. Each residence has two assigned parking spaces. Tenants pay for electricity, natural gas, and trash; the owner pays for water and sewer.
The property is on a quiet cul-de-sac in the Madison School District, near Forest Hills Golf Course and Routes 30 and 71. Each residence has two assigned parking spaces. Tenants pay for electricity, natural gas, and trash; the owner pays for water and sewer.
Key Highlights
- Three residences, each with 2 bedrooms and 1 bathroom
- 2,668 SF ranch on 0.2946 acres
- Newer roof and furnace; central air conditioning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,169
Cap Rate
6.34%
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 6.34%
Second Best
Apartment 5plus
$283.5K
$248.0K – $330.7K
NOI $19,842 @ 7.0% cap · market cap 5.67%
Theoretical Best
Office A
$536.8K
$469.7K – $626.2K
NOI $37,574 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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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
Explore this area
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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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?
Triplex - Brick construction, updated mechanical systems, and in-unit laundry appliances serve the three residences.
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 $349,800.
What are key features of this property?
This property features: Three residences, each with 2 bedrooms and 1 bathroom; 2,668 SF ranch on 0.2946 acres; Newer roof and furnace; central air conditioning
