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Property profile & analytics
OFF-MARKET
Residential income homes
1607 Winchester Ave Lakewood, OH 44107-5075
Individually Owned
4-yr Hold
Property ID
US66-6130342
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1909
Construction
WOOD
Total area
2,576 SF
Lot
0.09 ac (4,080 SF)
Zoning code
R2
APN
315-12-143
UPID
US66-6130342
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
Garin Narain · 4 yrs held
Garin Narain
since 2022
Last sale
$295,000
7 recorded transactions
Zoning & alternative use
R2 · Lakewood, 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 Lakewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakewood 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
$6,635
Tax year 2023
Assessed value
$61,260
Assessed 2023
Previous assessed
$61,260
+0.0% YoY
Effective rate
10.83%
On assessed value
Assessed land
$6,690
Assessed improvement
$54,570
Land market value
$19,100
Improvement market value
$155,900
Total market value
$175,000
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
Off-Market
Year built
1909
Construction
WOOD
Heating
FORCED AIR
Cooling
NONE
Stories
2
Units
4
Rooms
16
Bathrooms
4
Total area
2,576 SF
Lot
0.09 ac (4,080 SF)
Zoning code
R2
APN
315-12-143
UPID
US66-6130342
Jurisdiction
CUYAHOGA
Zoning & alternative use
R2 · Lakewood, OH
Zoning R2 · permitted uses
R2 · Lakewood, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lakewood. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1909
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
4
Rooms
16
Bathrooms
4
Lot
0.09 ac
Current owner
From public records · entity-resolved
Garin Narain
Individual
Mailing address
53 MCEVOY LN, DECATUR, GA 30030-4402
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 25, 2022
$295,000
Garin Narain
New Horizons Management LLC
Warranty Deed
$221,250 · United Wholesale Mortgage
Aug 9, 2021
—
New Horizons Managment LLC
Bogdan Davidoof
Warranty Deed
—
Jul 1, 2021
$175,000
Bogdan Davidoff
Ironmann Properties LLC
Warranty Deed
—
Oct 14, 2015
—
Ironmann Properties LLC
Eisenmann,joel
Warranty Deed
related
—
Sep 25, 2015
$104,900
Joel Eisenmann
Winchester 101 LLC
Warranty Deed
—
Nov 22, 2010
—
Winchester 101 LLC
Finley,richard M & Dawna M
Warranty Deed
related
—
Oct 17, 2003
$162,000
Richard M Finley
Wasserbauer,thomas J & Catherine M
Grant Deed
$121,500 · Freedom Mortgage
Mar 14, 2000
$170,000
Thomas J Wasserbauer
Graham,michael P
Grant Deed
$137,632 · Lakeshore Mortgage Corp
—
—
Thomas J Wasserbauer
—
Deed Of Trust
related
$146,000 · Lakeshore Mortgage Corp
—
—
Richard M Finley
—
Deed Of Trust
related
$40,000 · Cuyahoga County Board Commissi
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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