2420 Overlook Road
Cleveland Heights, OH 44106

Listed at $575,000

Details

  • MLS# 5186047
  • Multi Unit - Multiple
  • Status Pending
  • 5 Bedrooms
  • 3 full 2 partial Bathrooms
  • 3,484 Square Feet
  • 0.445 acres
  • Built in 1917
  • Cleveland Hts-Univer - 1810 Local Schools
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Description

Welcome to 2420 Overlook Rd, a fully updated triplex located in the highly sought-after Little Italy neighborhood of Cleveland, just moments from University Circle and minutes from Cleveland Heights amenities. 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...read more 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 Clevelands 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 youre 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.

Features

  • Central Air
  • Forced Air
  • 3.0 Stories
  • $11,776 / year Taxes
  • Public
  • Built in 1917
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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/14/2026. The listing information on this page last changed on 03/14/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 03/14/2026 2:10:48 AM EST) or MLS NOW (last updated Sat 03/14/2026 12:17:38 AM EST). Real estate listings held by brokerage firms other than Progressive Urban Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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All Property Features

  • Property Type: Multi Unit - Multiple
  • Basement: Unfinished
  • Basement: Yes
  • Cooling: Central Air
  • Days on Site: 28
  • Exterior: Brick
  • Garage: 2
  • Heating: Forced Air
  • Laundry: In Basement
  • Lot Size: 0.44 Acres
  • Parcel#: 685-04-012
  • Parking: Additional Parking, Detached Carport, Parking Lot, On Street
  • Roof Type: Asphalt
  • Sewer: Public Sewer
  • Stories: 3.0
  • Taxes: $11,776 / year
  • Water: Public
  • Year Built: 1917