242 Davis Rd Mansfield, OH 44907
Estimated payment $1,417/month
Total Views
16,564
5
Beds
3
Baths
--
Sq Ft
--
Price per Sq Ft
Highlights
- Window Unit Cooling System
- Hot Water Heating System
- 3 Car Garage
About This Home
Incredible opp. in the highly desirable Woodland neighborhood! This well-maintained, high-performing Triplex offers lasting value & steady rental income, w/ units currently leased—a true turnkey addition to any investor's portfolio. The LL unit features a 2bd/1ba layout w/ an applianced kitchen, dining area, hardwood floors, & charming original woodwork. The 2nd level offers a spacious renovated 2bd/1ba layout, while the 3rd floor includes a cozy 1bd/1ba unit—maximizing rental potential across all 3 floors. Tenants enjoy off-street parking, a two-car detached garage, & green space for outdoor relaxation. Updates include roof (15/21), siding (16), breaker panal (21), & newer HWT's (19/23) w/ 2nd floor renovation in 22—enhancing both durability & ease of ownership. W/ strong rental performance, a prime location, & potential for future upside, cash-flowing asset is ideal for both seasoned investors & first-time multifamily buyers. 24 hour showing notice—please respect tenant rights.
Listing Agent
Red 1 Realty Brokerage Phone: 6145859020 License #2021002057 Listed on: 04/22/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,405
Year Built
- Built in 1928
Parking
- 3 Car Garage
- Open Parking
Home Design
- Triplex
- Vinyl Siding
- Lead Paint Disclosure
Interior Spaces
- 3-Story Property
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Bathrooms
Utilities
- Window Unit Cooling System
- Hot Water Heating System
Additional Features
- 8,712 Sq Ft Lot
- City Lot
Listing and Financial Details
- Assessor Parcel Number 0270705504000
Community Details
Overview
- 3 Units
Building Details
- Insurance Expense $1,200
- Other Expense $4,600
- Net Operating Income $16,220
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $2,405 | $50,240 | $6,930 | $43,310 |
| 2023 | $2,405 | $50,240 | $6,930 | $43,310 |
| 2022 | $2,378 | $41,630 | $6,200 | $35,430 |
| 2021 | $2,303 | $40,040 | $4,610 | $35,430 |
| 2020 | $2,356 | $40,040 | $4,610 | $35,430 |
| 2019 | $2,229 | $34,180 | $3,910 | $30,270 |
| 2018 | $2,199 | $34,180 | $3,910 | $30,270 |
| 2017 | $2,141 | $34,180 | $3,910 | $30,270 |
| 2016 | $2,130 | $32,990 | $3,790 | $29,200 |
| 2015 | $2,035 | $32,990 | $3,790 | $29,200 |
| 2014 | $2,008 | $32,990 | $3,790 | $29,200 |
| 2012 | $793 | $34,010 | $3,910 | $30,100 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/28/2025 05/28/25 | Price Changed | $219,900 | -2.3% | $92 / Sq Ft |
| 04/25/2025 04/25/25 | For Sale | $225,000 | +50.0% | $95 / Sq Ft |
| 12/15/2021 12/15/21 | Sold | $150,000 | -6.2% | $63 / Sq Ft |
| 12/15/2021 12/15/21 | Pending | -- | -- | -- |
| 12/15/2021 12/15/21 | For Sale | $159,900 | -- | $67 / Sq Ft |
Source: Mansfield Association of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $150,000 | Tha Title Llc | |
| Deed | $78,000 | -- | |
| Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $120,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $80,100 | VA |
Source: Public Records
Similar Homes in the area
Source: Mansfield Association of REALTORS®
MLS Number: 9066689
APN: 027-07-055-04-000
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