Investing in this 2-bedroom, 2.5-bathroom townhouse at 837 Overlook Ridge Drive, Unit C offers a strategic opportunity inside Lakeview Ridge Condominiums, a private 110-unit townhouse community in Cleveland's 44109 zip code. Same-complex 2BR units rent meaningfully above the broader 44109 median of $1,152: 883 Overlook Ridge Dr #D, an identical 1,066 sqft 1996-built unit, carries an estimated market rent of $1,800 per month, 880 Overlook Ridge Dr estimates at the same level, and 835 Overlook Ridge Dr Unit B was recently listed at $1,700 per month. The unit is tenanted at $1,315 per month through November 14, 2026, delivering immediate cash flow with meaningful mark-to-market upside at lease rollover. Same-complex sales also anchor the price: 855 Overlook Ridge Dr Unit A sold for $175,000 in August 2024 and 880 Overlook Ridge Dr sold for $168,000 in May 2025, both directly comparable 2BR/2.5BA Lakeview Ridge townhomes.
Property Overview
This 1,066-square-foot townhouse at 837 Overlook Ridge Drive, Unit C was built in 1996 and recently renovated. It offers two bedrooms, two full baths, and a powder room across three finished levels. The main floor features wood-look LVP flooring, crown molding, and an updated kitchen with white shaker cabinets, stainless steel appliances, and a pass-through breakfast bar opening to the living area. A sliding glass door off the living room brings in natural light and provides outdoor access.
Economic and Employment Insights
Cleveland's economy is anchored by major employers such as the Cleveland Clinic, University Hospitals, and Progressive Insurance. The city's diversified economy, encompassing healthcare, finance, manufacturing, and technology, contributes to its economic stability and growth.
Local Amenities
The 44109 neighborhood offers a variety of amenities, including parks, shopping centers, and dining options. Public transportation is accessible, and the area is known for its community-oriented atmosphere, making it attractive to a diverse tenant base.
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