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Property profile & analytics
OFF-MARKET
Investment properties

87 4th St Mansfield, OH 44902

4,681 SF 0.1 ac lot Built 1880
Individually Owned 1-yr Hold Free & Clear
Property ID
US66-5825635
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Samaritan House Counseling Family Counselor Counselor
  • Jackson Diane R Counselor
  • Traven Dale C Counselor
  • Squires John A Counselor
  • Zakrajsek Linda J Counselor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Anthony Brown · 1 yrs held
Anthony Brown
since 2024
Last sale
$42,500
3 recorded transactions
2024
$42,500
2021
Price N/A
2021
$56,500
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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