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    The Largest CRE Database in the US with Over 1 Million Listings

    2410 Overlook Rd Cleveland Heights, OH 44106

    Sponsored
    For Sale
    $550,000

    MULTI_FAMILY - Cleveland Heights, OH

    Property size:
    4,217 SF
    Lot size:
    0.36 Acres
    Days on Market:
    5
    Last Refresh:
    Feb 21 at 3:06 am

    Property Features for 2410 Overlook Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 7, Bathroom 3, Bedroom 1, Bathroom 4, Bedroom 2, Bathroom 5, Bathroom 2, Bedroom 4, Basement, Bedroom 6, Bedroom 5, Bedroom 3, Bathroom 1
    Bedrooms
    7
    Bathrooms
    5
    APN
    685-04-011
    Parking features
    Parking Lot, Carport
    Appliances
    Dryer, Range, Refrigerator, Washer
    Size
    4,217 SF
    Lot size
    0.36 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Hot Water(Heating), Forced Air, Steam
    Cooling system
    Window Unit(s), Central Air
    Water source
    Public

    Building Details

    Year built
    1919
    Floors in Building
    3
    Building materials
    Brick
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Katie McNeill
    Katie McNeill

    Platinum Real Estate Professionals, LLC (440) 942-2100

    Listing agent Katie McNeill (440) 796-5506 License #2015004383

    Listing date Feb 17, 2026

    MLS# 5185790 Listing URL

    Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Updated Triplex in Little Italy

    Located in the Little Italy neighborhood of Cleveland, this fully updated and meticulously maintained triplex at 2410 Overlook Rd presents a rare opportunity to acquire a stabilized, income-producing asset. The property is situated in a sought-after rental area near Cleveland Heights and University Circle. The building is 100% occupied and generates $4,000 per month in rental income with long term tenants. Each unit has been well cared for, featuring thoughtful updates. The building has been meticulously maintained, making this a true turnkey investment. The property also features a newer roof, mechanicals, and electrical systems. Situated minutes from University Hospitals, Case Western Reserve University, and the restaurants, galleries, and culture of Little Italy, the property benefits from consistent rental demand and long-term appreciation potential. The City of Cleveland Heights Point of Sale inspection will be completed prior to title transfer. The property has a lot size of 0.3568 acres and a property size of 4,217 square feet. The seller is also offering the neighboring property, another 3-unit building, which can be purchased separately or together as a package deal.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland Heights
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.59393
    Latitude
    41.507386

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    FAQs

    What type of property is this?
    Specialty property - Impeccably maintained triplex in Cleveland's Little Italy neighborhood.
    Where is this specialty property located?
    The property is located at 2410 Overlook Rd Cleveland Heights, OH.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - Located in the highly desirable Little Italy neighborhood, near University Hospitals and Case Western Reserve University, ensuring consistent rental demand.; - **Fully updated and impeccably maintained triplex, representing a turnkey investment.**; - Currently generating $4,000 per month in rental income with long-term tenants, with potential to increase to $4,950.
    (440) 796-5506
    Request Owner's contact information
    2410 Overlook Rd Cleveland Heights, OH 44106
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    Cleveland Heights, OH 44106
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2410 Overlook Rd Cleveland Heights, OH 44106
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    We can help!
    Listing Contact
    Katie McNeill
    Katie McNeill
    Real Estate License ID: 2015004383
    (440) 796-5506 (888) 974-7253
    Learn more
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