Commercial Real Estate for Sale at 2215 Overlook Road in Cleveland Heights, OH for $1,750,000

Listing data updated May 22, 2025 - 6:24pm
Javascript is required to view this map.
Printable Map
Tools

Related Information

2215 Overlook Road | Cleveland Heights

$1,750,000 | 0.0 Sq. Ft.

Welcome to Overlook Arms, a rare 20-unit multifamily investment opportunity located just steps from Little Italy, the Cleveland Clinic Main Campus, and Case Western Reserve University. This ideally positioned property offers a secluded suburban feel while being surrounded by vibrant bars, restaurants, and nightlife. With 16 one-bedroom and 4 two-bedroom units, the building is perfect for student housing or market-rate tenants seeking unbeatable convenience. Ten of the units have been fully renovated and four more lightly updated, allowing for immediate upside through increased rents. Residents enjoy a spacious common entryway, on-site coin-operated laundry, covered parking, and a flat utility reimbursement as well as cable and internet, boosting cash flow. Overlook Arms combines prime location and easy value-add potential\u2014making it a must-see asset in one of Cleveland\u2019s most desirable rental markets. MLSNow 5122361

Directions to property: North of Cedar Rd

MLS Listing ID: 
MLSNow 5122361
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$1,750,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Property Sub Type: 
Apartment
Primary Market Area: 
Cleveland Heights
Address: 
2215 Overlook Road, Cleveland Heights, OH 44106
County: 
Cuyahoga
Latitude: 
41.5028300
Longitude: 
-81.5976860
Directions: 
North of Cedar Rd
Public Remarks: 
Welcome to Overlook Arms, a rare 20-unit multifamily investment opportunity located just steps from Little Italy, the Cleveland Clinic Main Campus, and Case Western Reserve University. This ideally positioned property offers a secluded suburban feel while being surrounded by vibrant bars, restaurants, and nightlife. With 16 one-bedroom and 4 two-bedroom units, the building is perfect for student housing or market-rate tenants seeking unbeatable convenience. Ten of the units have been fully renovated and four more lightly updated, allowing for immediate upside through increased rents. Residents enjoy a spacious common entryway, on-site coin-operated laundry, covered parking, and a flat utility reimbursement as well as cable and internet, boosting cash flow. Overlook Arms combines prime location and easy value-add potential\u2014making it a must-see asset in one of Cleveland\u2019s most desirable rental markets.
Community Information
School District: 
Cleveland Hts-Univer - 1810
Subdivision: 
Euclid Heights Allotment
Building Details
Details about the building on a property.
Year Built: 
1973
Living Area: 
0.0
Construction
Foundation Details: 
Slab
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Hot Water,Steam
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.89
Lot Size (Area): 
0.89
Lot Features
Parking Type: 
Covered,On Site,Paved
Public Record
Parcel Number: 
685-02-010
Annual Tax: 
$53,844.00
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Agent Name: 
Tal Tamir
Listing Office Name: 
Russell Real Estate Services

Request More Information