2420 Overlook RD Cleveland Heights, OH 44106
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Pending
Purchase Type For Sale
Square Footage 3,484 sqft
Price per Sqft $165
Subdivision Euclid Heights
MLS Listing ID 5186047
Bedrooms 5
Full Baths 3
Half Baths 2
HOA Y/N No
Abv Grd Liv Area 3,484
Year Built 1917
Annual Tax Amount $11,776
Tax Year 2024
Lot Size 0.445 Acres
Acres 0.4449
Property Sub-Type Triplex
Stories Three Or More
Story Three Or More
Property Description
This property presents a rare opportunity for both investors and owner-occupants. Two of the three units are currently leased, generating $2,650 per month, with one unit vacant and ready for immediate occupancy or lease-up. Based on strong rental demand in the area, the vacant unit has excellent income potential at approximately $1,850 per month, bringing projected total income to $4,500 per month and potentially more.
The building has been fully updated and meticulously maintained. A major capital improvement includes conversion to forced-air furnaces with central A/C in all units — a highly desirable feature for tenants and a significant upgrade compared to many properties in the area.
Located in one of Cleveland's strongest rental corridors, this property benefits from proximity to University Hospitals, Case Western Reserve University, restaurants, cafes, and the vibrant culture of Little Italy — supporting consistent tenant demand and long-term appreciation.
For added peace of mind, the City of Cleveland Heights Point of Sale inspection will be completed prior to title transfer.
Package Opportunity Available:
The seller is also offering the neighboring property — another fully updated 3-unit building — which can be purchased separately or together as a package deal. This presents a rare chance to control six side-by-side units in a premier location, creating operational efficiencies and strong long-term portfolio positioning.
Whether you're looking to house-hack in a prime location or acquire a high-performing asset with upside, 2420 Overlook Rd offers flexibility, stability, and growth potential.
Location
State OH
County Cuyahoga
Rooms
Basement Unfinished
Interior
Heating Forced Air
Cooling Central Air
Fireplace No
Laundry In Basement
Exterior
Parking Features Additional Parking, Detached Carport, Parking Lot, On Street
Garage Spaces 2.0
Carport Spaces 2
Garage Description 2.0
Water Access Desc Public
Roof Type Asphalt
Private Pool No
Building
Story 3
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Schools
School District Cleveland Hts-Univer - 1810
Others
Tax ID 685-04-012
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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