87 4th St Mansfield, OH 44902
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.
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Samaritan House Counseling Family Counselor Counselor
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Jackson Diane R Counselor
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Traven Dale C Counselor
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Squires John A Counselor
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Zakrajsek Linda J Counselor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.