Mansfield Commons

150 North Main Street, Mansfield, PA 16933

  • For Sale $3,200,000
  • Property Type Multi-Family
  • Property Size 59,616 SF
  • Units 47
  • Lot Size 3.84 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1969
  • Date Updated Aug 5, 2025
Investment Opportunity: The Commons at Mansfield Premier Student & Workforce Housing | Mansfield, PA The Commons at Mansfield is a professionally managed, high-performing multifamily community comprising 47 rentable units across two attractive three-story buildings. Originally developed as 48 units, one unit has been thoughtfully converted into a centralized amenity and operations hub—housing the leasing office, resident lounge, maintenance shop, and Service Manager’s office. Currently 97% occupied, the property delivers strong in-place cash flow and features an optimal unit mix of spacious 3- and 4-bedroom floor plans. Each residence is outfitted with central A/C, in-unit washer/dryer, sub-metered electric, and a full suite of appliances including refrigerator, stove, built-in microwave, and dishwasher—ensuring a modern and convenient living experience. Strategic Location with Unique Lifestyle Appeal Positioned in the heart of Tioga County, Commons at Mansfield sits just minutes from Mansfield University, making it a natural fit for students, staff, and workforce tenants alike. This vibrant community is nestled at the edge of the renowned Pennsylvania Wilds, offering unrivaled access to scenic destinations, including: • The Pine Creek Rail Trail • Thousands of acres of state forests • Endless opportunities for hiking, fishing, and outdoor recreation Located just one mile from US-15 and near the New York border, the property enjoys excellent regional connectivity, appealing to commuters working in northern Pennsylvania and southern New York. Walkable Convenience Meets Rural Tranquility Directly across the street, residents enjoy walkable access to CVS, Dollar General, and a state liquor store, with Walmart, McDonald’s, and other major retailers just minutes away. The setting strikes a rare balance: peaceful small-town living paired with access to modern amenities and daily conveniences. Compelling Investment Fundamentals • Strong Occupancy: 97% leased with diversified tenant demand • Desirable Floor Plans: Large 3- and 4-bedroom units ideal for roommate-style living • Turnkey Infrastructure: Operational office, leasing center, and maintenance on-site • Natural Demand Drivers: University, outdoor recreation, and regional employment hubs Financials Available Upon Request To access full financials, a Confidentiality Agreement is required. Contact us today to learn more about this rare opportunity to acquire a stabilized asset in a high-barrier, high-demand market.
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Highlights

  • Compelling Investment Fundamentals
  • Desirable Floor Plans: Large 3- and 4-bedroom units ideal for roommate-style living
  • Natural Demeation, and regional employment hubs
  • Strong Occupancy: 97% leased with diversified tenant demand
  • Turnkey Infrastructure: Operational office, leasing center, and maintenance on-site

Contacts

broker

Mericle Commercial Real Estate Services

Location

Getting Around

  • Walk Score ®

    66/100 Somewhat Walkable
  • Bike Score ®

    56/100 Bikeable
Powered by Walk Score ®
  • City Mansfield, PA
  • Zip Code 16933

Points of Interest

  • Sunoco

    0.36 miles

  • Citgo

    0.48 miles

  • Pump and Dump

    0.48 miles

  • Sheetz

    0.58 miles

  • Tesla Supercharger

    0.62 miles

  • Kwik Fill

    3.14 miles

  • The Commons Parking lots

    0.07 miles

  • D Lot

    0.14 miles

  • Allen Hall Parking lot

    0.34 miles

  • Manser Dining Parking Lot

    0.42 miles

  • Parking Lot Decker

    0.51 miles

  • Sycamore Parking area

    0.55 miles

  • Maple Manor Clinic Parking

    0.56 miles

  • Handicapped Parking Lot (2 spaces)

    0.58 miles

  • E Lot

    0.62 miles

  • old freshman parking lot

    0.65 miles

  • Mansfield Inn

    0.40 miles

  • Crossroads Bed and Breakfast

    0.57 miles

  • Quality Inn & Suites

    0.65 miles

  • Microtel Inn & Suites by Wyndham Mansfield

    0.92 miles

  • Microtel

    0.93 miles

  • Hampton Inn & Suites Mansfield

    0.93 miles

  • Ossis Motel

    3.14 miles

  • Star Crest Motel

    3.60 miles

  • Star Crest Motel Main Office

    3.63 miles

  • McDonald's

    0.12 miles

  • QQ Buffet

    0.19 miles

  • Pizza Hut

    0.19 miles

  • Papa V's

    0.30 miles

  • Lucky Star Chinese Restaurant

    0.31 miles

  • Yogurt Station

    0.37 miles

  • Subway

    0.37 miles

  • Einstein Bros. Bagels

    0.63 miles

  • Lambs Creek Food & Spirits

    0.68 miles

  • Perkins

    0.88 miles

  • Mansfield Area High School

    0.43 miles

  • Commonwealth University of Pennsylvania - Mansfield

    0.53 miles

  • Warren L. Miller Elementary School

    0.84 miles

  • Gray Valley School (abandoned)

    7.06 miles

  • Charleston Consolidated School

    8.83 miles

  • Maple Hill School

    8.95 miles

Frequently Asked Questions

How much does Mansfield Commons cost?

The space currently listed for sale at Mansfield Commons asks for $3,200,000.

What is the total square footage of Mansfield Commons?

Mansfield Commons totals 59,616 square feet.

When was this property built?

Mansfield Commons was built in 1969.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker

Mericle Commercial Real Estate Services

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