SingleFamilyResidence at 605 Heineman Boulevard, Mansfield
SingleFamilyResidence at 605 Heineman Boulevard, Mansfield, photo 2 of 6
SingleFamilyResidence at 605 Heineman Boulevard, Mansfield, photo 3 of 6
SingleFamilyResidence at 605 Heineman Boulevard, Mansfield, photo 4 of 6
SingleFamilyResidence at 605 Heineman Boulevard, Mansfield, photo 5 of 6
SingleFamilyResidence at 605 Heineman Boulevard, Mansfield, photo 6 of 6
6 photos

$77,000

605 Heineman Boulevard
Mansfield, OH 44903
Listed by Kristin Horst · RE/MAX First Realty, LLC
Bedrooms
3
Bathrooms
1
Living area
1,248 sqft
Year built
1935

About this home

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 investor or purchasing your first rental, this is an excellent opportunity to acquire an affordable income-producing asset with both current cash flow and future appreciation potential. Showing available after accepted offer. DO NOT DISRUPT TENANTS.

Property details

MLS #
5232205
Property type
SingleFamilyResidence
Subdivision
Mansfield
Status
Active
Days on market
12
On market date
July 31, 2026
Stories
2
Total bathrooms
1
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.079 acres
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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
Mansfield Spanish Immersion School
0.68 mi away · Grades 0-8
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
237
Student:teacher ratio
8.5:1
District
Mansfield City
Middle
Mansfield Middle School
0.29 mi away · Grades 7-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
422
Student:teacher ratio
14.6:1
District
Mansfield City
High
Mansfield Senior High School
0.31 mi away · Grades 8-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
755
Student:teacher ratio
13.7:1
District
Mansfield City

Walkability

Blended score for Mansfield's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

75
Walkable
out of 100
EPA National Walkability Index
11.7 / 20 -- Above average walkable
Google Places amenity density
100 / 100
Restaurants & cafes17
Grocery stores5
Parks7
Schools10
Transit stops20
Pharmacies7

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$614/mo
$15,400 down
$61,600 loan
Principal & interest$400
Property tax (est.)$64
Home insurance (est.)$150

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Data source: Listing information provided by NOWDD via Trestle/CoreLogic. Last updated August 12, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.