Property profile

87 4th St Mansfield, OH 44902

OFF-MARKET
Investment properties
Property ID
US66-5825635
4,681 SF 0.1 ac lot Built 1880
Individually Owned 2-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This charming 2-story apartment building, located at 87 W 4th St in Mansfield, Ohio, presents a unique investment opportunity. Built in 1880, this 4,681 square foot property sits on a 0.096-acre lot (APN: 027-03-001-12-000) and is currently configured for single-family use, but offers significant potential for conversion to multi-family residential or commercial use. The main level features original woodwork, hardwood floors, fireplaces, stained glass, and exposed brick. The upper level boasts three bedrooms, a full bath, and laundry facilities. A sizable attic space is easily finished, already containing a kitchen, full bath, and three additional bedrooms. Its prime location, just one block from the historic Carrousel District, provides convenient access to downtown Mansfield amenities. The asking price is $79,900. This is a cash-only sale, sold as-is, with no repairs provided by the seller. The property's rich history and versatile layout make it an attractive prospect for investors seeking a renovation project with high return potential. The building's unique architectural details and central location offer a blend of historical character and modern convenience. This is a rare opportunity to acquire a piece of Mansfield's history and transform it into a thriving multi-family residence or commercial venture.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1880
Total area 4,681 SF
Lot 0.1 ac (4,160 SF)
APN 027-03-001-12-000
UPID US66-5825635

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Family Counselor Counselor
  • Counselor
  • Counselor
  • Counselor
  • Counselor

Location

87 4th St Mansfield, OH 44902
Mansfield metro Census 600 MANSFIELD, OH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$60k

Owner & transaction history

since 2024
Last sale
$42,500
3 recorded transactions
2024
$42,500
2021
Price N/A
2021
$56,500

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 87 4th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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