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Property Description
Premier Multi-Family Portfolio Acquisition | 8 Total Units | Value-Add & Future Development Potential Exceptional opportunity to acquire two adjacent four-unit apartment buildings located at 850 Mathews Rd. (MLS #5231061) and 860 Mathews Rd. (MLS #5231371) in Youngstown, Ohio. Offered together as a single portfolio acquisition, investment consists of eight remodeled 2-bedroom, 1-bath units housed in low-maintenance brick buildings. The properties offer attractive curb appeal with decorative shutters and elegant etched-glass entry doors complemented by matching sidelights, creating a welcoming first impression and enhancing the overall appearance of the buildings. Each property features covered carports and coin-operated laundry facilities. The combination of stable occupancy and additional revenue sources makes this an outstanding addition to both new and seasoned investment portfolios. A unique feature of the portfolio is Unit 860-4, which offers the flexibility to serve as an owner's residence or an on-site property manager's suite. This upgraded unit features stainless steel appliances, a dishwasher, extended countertops, and a convenient breakfast bar, providing a more residential feel for owner-operators or management personnel. Beyond the current cash flow, these properties offer a compelling value-add opportunity. Each building sits on an oversized parcel that may provide potential for future expansion or redevelopment. Investors seeking to increase density or maximize long-term returns are encouraged to perform their own due diligence regarding zoning, approvals, utility availability, and development feasibility. Investment properties offering current income, value-add potential and attractive presentation are becoming increasingly difficult to find. Don't miss this chance to acquire a unique multi-family asset with both immediate cash flow and significant long-term upside.
Full Property Details
Full Property Details for 850 Mathews Rd
General
- Sold For: $310,000
- Taxes: $3,651 (2025)
- Status: Closed
- Type: Multi-Family
- Source: 505
- MLS ID: 5231061
- Added to Site: 74 day(s) ago
Interior
- Appliances: Dryer, Range, Refrigerator, Washer
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 4
Bedrooms
- Total Bedrooms: 8
Other Rooms
- Laundry: Common Area, Lower Level, Laundry Room
Exterior
- Exterior Features: Storage
Parking
- Carports: Yes
- Carport Spaces: 4
- Parking Features: Asphalt, Covered, Detached Carport, Parking Lot
Location
- County: Mahoning
- Township: Boardman Twp
- Driving Directions: South Ave. to Mathews Rd
School Information
- Elem School District: Boardman LSD - 5002
- Midd School District: Boardman LSD - 5002
- High School District: Boardman LSD - 5002
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Window Unit(s)
- Heating Type: Gas, Radiant
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- # Buildings: 1
- Construction: Brick
- Roof: Asphalt, Fiberglass
- Stories/Levels: 2
- Year Built: 1969
- Year Built Source: Public Records
- Property Condition: Updated/Remodeled
Lot Features
- Lot Size (Acres): 0.59
- Lot Size: .59
- Lot Size Source: Assessor
- Lot Features: See Remarks
Financial Considerations
- Tax Amount: $3,651
- Tax Year: 2025
- Owner Pays: Gas, Snow Removal, Sewer, Trash Collection, Water
- Tenant Pays: Cable TV, Electricity, Internet, Telephone
Disclosures and Reports
- Special Conditions: Standard
- Property ID: 29-015-0-174.00-0
Listed by Keller Williams Chervenic Realty, Ray Hall
Sold by NextHome GO30 Realty, Robert D Dull
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Schools
Schools serving 850 Mathews Rd
School District:Boardman Local School District
| Name | Grades | Distance |
|---|---|---|
Robinwood Lane Elementary School 835 Indianola Road, Youngstown, OH 44512 | K-3 | 0.4 mi |
Boardman Center Middle School 7410 Market Street, Youngstown, OH 44512 | 4-6 | 1.8 mi |
Boardman Glenwood Middle School 7635 Glenwood Ave, Youngstown, OH 44512 | 7-8 | 2.3 mi |
Boardman High School 7777 Glenwood Avenue, Youngstown, OH 44512 | 9-12 | 2.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 850 Mathews Rd
Date
Details
Price
Change
Source
9/14/2026
Sold
$310,000
-10.14%
MLS
7/30/2026
Listed
$345,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
850 Mathews Road, Youngstown, OH 44512 (MLS# 5231061) is a Multi-Family property that was sold at $310,000 on September 14, 2026. Want to learn more about 850 Mathews Road? Do you have questions about finding other Multi-Family real estate for sale in Youngstown? You can browse all Youngstown real estate or contact a Coldwell Banker agent to request more information.
