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Property profile & analytics
FOR SALE
Residential income homes
14912 Alder Ave, East Cleveland, OH 44112
Individually Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-1569090
For Sale
1 / 12
$175,000
14912 Alder Ave, East Cleveland, OH 44112
View Listing →
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1928
Construction
TYPE NOT SPECIFIED
Total area
3,000 SF
Lot
0.1 ac (4,545 SF)
Zoning code
U2-H2
APN
671-17-143
UPID
US66-1569090
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Amber Z Simpson · 2 yrs held
Amber Z Simpson
since 2023
5 recorded transactions
Zoning & alternative use
U2-H2 · East Cleveland, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs East Cleveland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Cleveland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,841
Tax year 2023
Assessed value
$23,450
Assessed 2023
Previous assessed
$23,450
+0.0% YoY
Effective rate
12.12%
On assessed value
Assessed land
$1,750
Assessed improvement
$21,700
Land market value
$5,000
Improvement market value
$62,000
Total market value
$67,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
For Sale
Year built
1928
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
NONE
Stories
2
Units
4
Bathrooms
4
Total area
3,000 SF
Lot
0.1 ac (4,545 SF)
Zoning code
U2-H2
APN
671-17-143
UPID
US66-1569090
Jurisdiction
CUYAHOGA
Zoning & alternative use
U2-H2 · East Cleveland, OH
Zoning U2-H2 · permitted uses
U2-H2 · East Cleveland, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
East Cleveland. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1928
Construction
TYPE NOT SPECIFIED
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
4
Bathrooms
4
Lot
0.1 ac
Current owner
From public records · entity-resolved
Amber Z Simpson
Individual
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2023
—
Amber Z Simpson
Larry O Story
Transfer On Death Deed
—
Mar 15, 2005
—
Larry O Story
Story,larry O
Quit Claim Deed
related
$66,000 · Wells Fargo Bank
—
—
Larry Story
—
Deed Of Trust
related
$47,200 · Wells Fargo Bk
—
—
Larry O Story
—
Deed Of Trust
related
$63,500 · Ohio Mortgage Co INC
—
—
Larry D Story
—
Deed Of Trust
related
$55,165 · Ohio Mortgage Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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