| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 51st | Best |
| Demographics | 69th | Best |
| Amenities | 0th | Poor |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 201 W Main St, Mansfield, OH, 44904, US |
| Region / Metro | Mansfield |
| Year of Construction | 1977 |
| Units | 24 |
| Transaction Date | 2008-06-04 |
| Transaction Price | $379,100 |
| Buyer | VILLAGE GREEN HOUSING LP |
| Seller | VILLAGE GREEN APARTMENTS LTD PTR |
201 W Main St Mansfield Multifamily Investment
Neighborhood fundamentals point to stable renter demand and tight occupancy, according to WDSuite’s CRE market data, with this pocket ranking in the top quartile among 54 Mansfield neighborhoods. The area is ownership-leaning, so performance hinges on positioning for renters seeking convenience and value.
The immediate neighborhood carries an A- rating and ranks 12 out of 54 within the Mansfield metro, placing it in the top quartile locally. That standing reflects strong household incomes and fully leased neighborhood housing stock, which supports rent collections and retention at the neighborhood level rather than guaranteeing performance at any individual property.
Occupancy at the neighborhood level is measured at 100% and ranks 1 out of 54 Mansfield neighborhoods (100th percentile nationally). This indicates broad housing absorption in the area; investors should still underwrite lease rollover carefully, as the neighborhood’s renter concentration is modest.
Within a 3-mile radius, demographics show a larger tenant base forming: population increased about 6% over five years and households rose roughly 9%, with WDSuite data forecasting additional population growth (~3%) and a meaningful increase in households (~33%) over the next five years. These trends point to a larger renter pool and support for occupancy stability near the asset.
Tenure patterns are owner-leaning locally: the neighborhood’s share of renter-occupied housing units is about 11.8%, while the 3-mile area is closer to 20%. For investors, this suggests steady but selective multifamily demand, rewarding assets that emphasize quality, management, and value-oriented finishes.
Home values in the neighborhood are elevated for the metro (median near $296K; 61st national percentile) with a value-to-income ratio around 2.7 (33rd national percentile). In investor terms, ownership costs are relatively accessible compared with higher-cost markets, which can create some competition with rentals; effective positioning on finishes and rent-to-income can help sustain leasing and retention.
Local on-block amenities are limited (amenity measures rank near the bottom among 54 neighborhoods), so residents typically draw on services elsewhere in Mansfield. For multifamily operators, this favors clear marketing of access routes and everyday conveniences along primary corridors rather than walkable retail.
WDSuite’s dataset for this neighborhood does not include comparable crime ranks or national percentiles, so no direct safety comparison to other Mansfield neighborhoods or U.S. areas is provided here. Investors typically benchmark conditions against city and county trend reports and consider property-level measures such as lighting, access control, and visibility when underwriting.
- International Paper Company — corporate offices (36.1 miles)
Regional employment access is anchored by corporate offices that broaden the commuting shed and can support renter demand for workforce housing. The list below reflects nearby corporate presence referenced in this analysis.
Built in 1977, the 24-unit property offers a vintage that is newer than the neighborhood’s average stock, supporting competitive positioning versus older assets while still allowing for targeted system updates or interior upgrades as a value-add plan. According to CRE market data from WDSuite, the neighborhood sits in the top quartile among 54 Mansfield neighborhoods with neighborhood-level occupancy leading the metro, which supports underwriting for stable tenancy when paired with disciplined leasing and renewals.
Within a 3-mile radius, population growth and a notable increase in households point to a larger tenant base over the next few years, while neighborhood incomes and ownership accessibility suggest focusing on value, management quality, and unit livability (average unit size ~688 sf) to maintain pricing power. Limited immediate amenities and an owner-leaning tenure mix are considerations, making asset quality and access messaging important to demand capture.
- Neighborhood-level occupancy leads the Mansfield metro, supporting rent collections and lease stability.
- 3-mile radius shows population and household growth, expanding the renter pool and supporting absorption.
- 1977 vintage provides value-add potential through selective renovations while remaining competitive to older stock.
- Elevated neighborhood incomes with relatively accessible ownership costs call for careful rent-to-income management and service differentiation.
- Risks: owner-leaning tenure and limited on-block amenities; prioritize access, operations, and tenant experience to sustain demand.