Entity Owned Property summary
Exceptional investment opportunity: This 20-unit apartment building, boasting 26,448 square feet, is situated on a 0.57-acre lot at 1647 S Cove Blvd, Toledo, OH 43606. Built in 1963, the Class B property currently enjoys 100% occupancy, generating a substantial net operating income (NOI) of $136,814, representing an 8.83% cap rate. The asking price is $1,550,000 ($77,500 per unit and $58.61 per square foot). Many tenants are on two-year leases, ensuring long-term stability and consistent… cash flow. The property benefits from a prime location, just three miles from downtown Toledo, offering proximity to major employers like ProMedica Toledo Hospital (a 794-bed Level 1 trauma facility) and the extensive Ottawa Park. The strong demographics, with over 118,000 people within a three-mile radius, further enhance its investment potential. The current owner pays all utilities, presenting an opportunity to increase revenue. The property is zoned 10-CO. This is a rare opportunity to acquire a fully stabilized, high-performing multifamily asset in a desirable location.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
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 · 15 properties nearbyComparable nearby
Similar Nearby for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 30,530 SF
- Lot area
- 0.35 ac
- Year built
- 1963
- Stories
- 4
- APN
- 08-51251
- Zoning
- 10-CO
- Assessed value · 2023
- $99,190
- Annual tax · 2023
- $9,312
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
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- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Ownership
- Owner Contacts
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- Everything in the Light report
- Full Property Data
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- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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