229 E 1st StreetMansfield, OH 44902

Description

Opportunity is knocking! Are you ready to answer? This property offers the perfect blend of functionality and upside potential for buyers looking to build equity fast. Features include a hard-to-find first-floor master suite with convenient laundry location & a second full bath upstairs adding flexibility for guests or additional occupants, making this layout both practical and appealing. Outside, enjoy ample private off-street parking, a rare find that adds immediate convenience and desirability. Major updates include a roof approximately 2 years old, helping reduce big-ticket concerns so you can focus on improvements that build equity. With the right vision and a little sweat equity, the upside here is undeniable. Current rental income of $1,000/month provides a strong cash flow and an exceptional 16% cap rate. Priced to move!

Property Information

Property type

Residential

Sub-type

Single Family Residence

Style

Conventional

Year built

1900

Living area

1,347 Sq Ft

Lot size

0.16 acres

Days on market

42

MLS^® Listing#

5239113

Property Features

Cooling

None

Heating

Natural Gas · Forced Air

Basement

Partial

Parking

Driveway · Gravel

Laundry

Main Level

Fencing

Chain Link

Construction

Stone · Vinyl Siding

Roof

Metal

Sewer

Public Sewer

Water source

Public

Rooms

Financial Details

HOA

None

Annual taxes

$598Tax year 2025

Parcel number

027-06-034-06-000

Directions

From downtown Mansfield, take S Main St south, turn left onto E 2nd St, turn right onto S Foster St, turn left onto E 1st St, property will be on the left. Parking is behind the house on Marshall Ave.