283 Park Ave W - Apartments FOR SALE


Mansfield, OH 44902
$474,900 USD
419-528-8260
283 Park Ave W, Mansfield, OH for Sale
$474,900 USD
Apartments - FOR SALE
1/47
null | 10.63% Cap Rate

283 Park Ave W
Mansfield, OH 44902


OVERVIEW

Welcome to 283 Park Avenue West, a historic 6-unit brick building in downtown Mansfield, formerly “The Colonial,” currently generating $5,300/month in rents. Major updates include a new flat rubber roof (2025) and brand new A/C units for all 6 units (2025), plus updated vinyl flooring in kitchens, dining areas & 1 bedroom per unit (2022). Each spacious unit offers 3 beds, 1 bath (Unit 4 includes a half bath) with 1,300+ sq ft, featuring central air, in-unit laundry (washer/dryer included), private back decks, and front balconies overlooking Park Ave. Units blend modern updates with original charm—hardwood floors, built-ins, wood trim, doors & knobs—plus dining rooms, pantries, and ample storage. Owner supplies all appliances and pays trash; tenants pay gas, water, sewer & electric. Additional highlights include a private parking lot (2 spaces per unit), common front entry, and full basement for storage. Strong cash-flowing asset—schedule your showing today!

FOR SALE DETAILS

PRICE

$474,900 USD

PRICE/SF

$39 USD /SF

# OF UNITS

6

PRICE/UNIT

$79,150

CAP RATE

10.63%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,205 SF

ZONING

Commerical

APN/PARCEL ID

027-01-089-12-000

ASK ABOUT THIS PROPERTY

John PavlanskyDream Huge RealtyMore Info
419-528-8260

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John PavlanskyDream Huge RealtyMore Info
419-528-8260

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.