605 Heineman Boulevard
Mansfield, OH 44903
3
Bed
1
Bath
1,248Sqft
0.08Acre(Lot)
Cash-flow opportunity with built-in upside! Whether you're expanding your rental portfolio, utilizing a DSCR loan, completing a 1031 exchange, or searching for your next buy-and-hold investment, this income-producing property deserves a look. This property offers immediate rental income while presenting significant value-add potential. Current rent is well below market, giving the next owner the opportunity to increase cash flow over time as leases renew or turnover occurs with forced appreciation. PERFECT for a DSCR or BRRRR investment! This property boasts a GRM of aprox 8.56, making it an attractive option for investors focused on long-term returns and portfolio growth. Strong rental demand in the Mansfield market further enhances its investment appeal. Whether you're a seasoned investo
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 3Bathroom Information
Total Baths: 1 Full Baths: 1Room Information
Rooms Total: 6 Has Basement: Yes Basement: Full -
Roofing Information
Metal -
Interior Features
Roof: Metal Laundry Features: In Basement -
Heating & Cooling
Has Heating: Yes Heating: Natural Gas, Forced Air Cooling: None
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Building Information
Year Built: 1935 Construction Materials: Vinyl Siding Stories: 2 Patio And Porch Features: Covered, Porch Private Pool: No
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Lot Information
Main Square Feet: 0.079 Acres Lot Size Acres: 0.079 Lot Size Source: AssessorProperty Information
Subdivision: Mansfield Source Property Type: Residential Property SubType: Single Family Residence Levels: Two Property Age: 91
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Listing Price Information
Listing Price: $77000 Cash, Conventional, Special Funding
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Tax Information
Parcel Number: 027-03-003-16-000 Tax Year: 2025 Annual Tax: $188.84 Tax Legal Desc: 8115 40 X 86 24 3
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Parking Information
On Street
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Location Information
Direction: N Trimble Rd to East on W 4th St, right onto Western Ave, left onto Heineman & home is on the right. WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 910 Pike Drive, Mansfield, OH, 44903 | $729,900 | 4 | 5 | 4,676 | 0.32 Acre |
| 1001 Pike Drive, Mansfield, OH, 44903 | $379,900 | 3 | 2 | 2,494 | -- |
| 1425 County Road 1688, Mansfield, OH, 44903 | $448,000 | 3 | 3 | 2,020 | 2 Acres |
| 3229 Hastings Newville .., Mansfield, OH, 44903 | $875,000 | 2 | 2 | 2,316 | 58 Acres |
| 663 Rear Mansfield Wash.., Mansfield, OH, 44903 | $189,900 | 3 | 2 | 1,101 | 1.01 Acre |
| 663 Rear Mansfield Wash.., Mansfield, OH, 44903 | $189,900 | 3 | 2 | 1,101 | 1.01 Acre |
| 126 Rustic Lane, Mansfield, OH, 44903 | $165,000 | 3 | 2 | -- | 0.27 Acre |
| 350 Sturges Avenue, Mansfield, OH, 44903 | $105,000 | 3 | 1 | -- | 0.14 Acre |
| 303 High Street, Mansfield, OH, 44903 | $29,000 | 3 | 1 | 1,241 | 0.10 Acre |
| 197 Buckingham Avenue, Mansfield, OH, 44903 | $50,000 | 3 | 1 | -- | 0.09 Acre |
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The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS Now. Real estate listings are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Information Deemed Reliable But Not Guaranteed.
ByOwner last updated this listing 09/01/2026 @ 01:03
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