Financial
Distress signals
Property profile

1497 Coutant Ave Lakewood, OH 44107

FOR SALE
Residential income homes
Property ID
US66-0611467
3,968 SF 0.27 ac lot Built 1916
Last sale Apr 2023 · $850,000
Individually Owned Owner of record is an individual. 3-yr Hold Held for 3 years.
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Property summary

AI-generated overview

The property at 1497 Coutant Avenue in Lakewood, Ohio (Cuyahoga County) consists of two quadplex buildings on a 0.2672-acre parcel, for a total of eight residential units. A separate four-car garage building on the site includes unfinished space above the garage; with appropriate approvals, this area may be suitable for an additional unit or units with a layout intended for 2–3 bedrooms. The buildings were constructed in 1916 and include a basement. The property is served by forced-air heating,…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$8k
Tax billed · 2023
Assessed value$75k
Assessed land$21k
Assessed improvement$54k
Effective rate10.83%

Value estimate

· Sep 2026
$865k
$779k – $952k
AI approach$835k
CAP approach$730k
NOI build-up
Gross scheduled income$65k
Vacancy & credit loss−$4k
Operating expenses−$18k
NOI · 7.07% cap applied$42k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$84/SF
ZIP average, outlier-cleaned · 59 recorded sales of this use type
Observed band · Q1–Q3$53 – $113

Cap rate analysis

How does the asset earn?
7.07%
$42k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
R2
The intent of this zone to promote Single and Two family residential uses
General categoryRESIDENTIAL
JurisdictionCUYAHOGA

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency23.0
Law Firm18.2
Electrical Service12.9

Location

1497 Coutant Ave Lakewood, OH 44107
County assessor Recorded deeds · 5 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1360 Bonnieview, Lakewood, OH 44107-2333 $113,200 Jul 2024 3,784 SF
1361 Phelps, Lakewood, OH 44107-3183 $445,000 Jun 2024 3,686 SF
1353 Phelps, Lakewood, OH 44107-3179 $455,000 May 2024 3,686 SF
1485 Coutant, Lakewood, OH 44107-5188 $450,000 Feb 2024 3,968 SF
1493 Coutant, Lakewood, OH 44107-5192 $435,000 Dec 2023 3,968 SF
1323 Webb, Lakewood, OH 44107-2220 $115,000 Dec 2022 3,476 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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