# 426 Fourth Ave., Mansfield, OH 44905

> **TL;DR:** 2bd/1ba single family, $87,000, built 1938. Est. $465/mo. Listed 1 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $87,000 |
| Bedrooms | 2 |
| Bathrooms | 1 full |
| Year Built | 1938 |
| Lot Size | 8,002 sqft (0.18 acres) |
| Property Type | Single Family (Other) |
| Status | For Sale |
| Days on Market | 1 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $440 |
| Estimated Insurance | $25 |
| **Total** | **$465** |

## Nearby Schools

- **High:** Mansfield City School District

## Property Highlights

- Built in 1938
- 0.18 acre lot

## Description

### Agent Description
Turnkey investment opportunity with immediate cash flow! NEW ROOF COMING AUGUST 2026. This tenant-occupied property is already leased through the Metro Housing/Section 8 program, providing reliable rental income from day one. The current lease is in place through December 31, 2026, offering investors the security of a long-term tenant and consistent cash flow without the hassle of finding a renter. Whether you're looking to add to your portfolio, complete a 1031 exchange, or purchase your first investment property, this is a fantastic opportunity to own an income-producing asset with an established rental history. This property presents an attractive return potential with an aprox 15.17% gross rental yield and a GRM of around 6.59! Don't miss your chance to secure a performing rental with immediate income and a lease already in place! No showings without accepted offer. DO NOT DISRUPT TENANTS.

## Location

- **Address:** 426 Fourth Ave., Mansfield, OH 44905
- **County:** Richland
- **Coordinates:** 40.7697497, -82.4982839
- **Google Maps:** https://www.google.com/maps?q=40.7697497,-82.4982839

## Listing Agent

- **Name:** The Justin Gerwig Team
- **Brokerage:** RE/MAX First Realty
- **Phone:** 4195642630

## Primary Photo

![426 Fourth Ave. - Primary Photo](http://lh.rdcpix.com/be0c5a408b35345f9b50da04d9be406dl-f3124757957r.jpg)

*8 total photos available on [listing page](https://www.propertysimple.ai/listing/426-fourth-ave-mansfield-oh-44905-20100185)*

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**MLS#:** 20100185 | **Updated:** 2026-08-01
**Source:** listhub

*Copyright © 2026 Mansfield Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/426-fourth-ave-mansfield-oh-44905-20100185)

---

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