For sale

$200,000

Est. $1,539/mo

•

1,006

sq ft

6601 Ridgeview Rd, Cleveland, OH 44124

About this home

Priced at $200,000/ house part of a turnkey 16-property single-family rental portfolio across highly desirable Cleveland East suburbs including South Euclid, Cleveland Heights, Lyndhurst, Mayfield Heights, and Cleveland. Offered as a package at $3,200,000. This stabilized portfolio includes 16 individual single-family homes with established rental history, strong tenant demand, and immediate cash flow from day one. Current rent roll reflects approximately $33,685/month in scheduled rental income ($404,220 annually). Based on provided income and property taxes, the portfolio produces approximately $344,121 NOI, representing an attractive 10.75% cap rate at the asking price (buyer to verify all expenses and financials). Many properties feature updates, desirable layouts, and tenant-friendly amenities including updated finishes, and central air at many locations. These homes are strategically located near major employment centers, shopping, dining, parks, schools and transportation, making them ideal long-term rental assets. Portfolio Highlights: • 16 Single-Family Rental Homes • $33,685/month rental income • $404,220 gross annual income • Approx. 10.75% cap rate based on provided rent roll • Stabilized tenant base • Renovated and income-producing assets • Strong Cleveland suburban rental markets • Excellent opportunity for investors seeking scale and diversification Included properties: 6601 Ridgeview Rd Mayfield Heights; 4011 Lancaster Rd South Euclid; 7220 Deveny Ave Cleveland; 1171 Quilliams Rd Cleveland Hts; 956 Nobleshire Rd Cleveland Hts; 857 Quarry Dr Cleveland Hts; 4033 Stonehaven Rd South Euclid; 4241 Verona Rd South Euclid; 1513 Westdale Rd South Euclid; 4187 Stilmore Rd South Euclid; 4218 Stilmore Rd South Euclid; 4198 Eastway Rd South Euclid; 1799 Wrenford Rd South Euclid; 4349 Ardmore Rd South Euclid; 4847 Farnhurst Rd Lyndhurst; 1509 Maple Rd Cleveland Hts. Call today for additional details!

Single-familyProperty Type

1950Year Built

6,960 sq ftLot Size

$199Price/Sq.Ft.

1 car garageParking

Listed by Jesse Kracht • Russell Real Estate Services

Contact: jessek.cst@gmail.com, 440-212-5656

Listing updated: Jul 3, 2026 at 03:53pm

Redfin checked: 2 minutes ago

•Source:MLSNOW #5224505

Payment calculator

$1,539 per month

Principal and interest$1,038

Property taxes

$432

HOA dues

Home insurance

$70

Utilities

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Open houses

No upcoming open houses.

Nearby open houses (10)

OPEN WED, 2PM TO 4PM
$199,999
3 beds2.5 baths— sq ft
19106 Lanbury Ave, Warrensville Heights, OH 44122
OPEN THU, 5PM TO 7PM
$339,900
4 beds2 baths— sq ft
1016 Lander Rd, Highland Heights, OH 44143
OPEN THU, 5:30PM TO 7PM
$285,000
3 beds2 baths1,196 sq ft
1709 Alcester Rd, Cleveland, OH 44124
OPEN SAT, 11AM TO 1PM
$369,000
3 beds2 baths1,580 sq ft
38247 Union St, Willoughby, OH 44094
OPEN SAT, 12PM TO 1:30PM
$225,000
3 beds1.5 baths1,344 sq ft
10617 Wadsworth Ave, Cleveland, OH 44125
OPEN SAT, 12PM TO 3PM
$130,000
3 beds1 bath888 sq ft
902 Quentin Rd, Eastlake, OH 44095
OPEN SAT, 1PM TO 4PM
$349,900
3 beds2.5 baths1,968 sq ft
1771 S Green Rd, Cleveland, OH 44121
OPEN SAT, 1:30PM TO 3:30PM
$159,900
3 beds1 bath1,368 sq ft
4643 E 90th St, Cleveland, OH 44125
OPEN SAT, 2PM TO 4PM3D WALKTHROUGH
$164,500
3 beds2 baths1,296 sq ft
3862 Wallingford Rd, Cleveland, OH 44121
OPEN SAT, 2PM TO 4PM
$399,900
3 beds2 baths2,132 sq ft
1066 Eastlawn Dr, Cleveland, OH 44143

Around this home

Schools

K - 12
Preschool & daycare

Lander Elementary School

Public K-6 • Assigned • 1.2mi

7/10

Mayfield Middle School

Public 6-9 • Assigned • 0.8mi

8/10

Mayfield High School

Public 9-12 • Assigned • 1.6mi

8/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Offer insights

6601 Ridgeview Rd · $200,000

Strong offer

$203K and above

75% chance or better to win

Why $203K+ is a strong offer

DAYS ON MARKET

The average home goes pending in 17 days.

SALE-TO-LIST

Most homes are selling 1% above list price.

About offer insights

Property details

Interior
Exterior
Finance

Interior features
Six total rooms

Bedrooms
Three main-level bedrooms

Bathrooms
One full bathroom on the main level

Heating & cooling
Forced air heating
Central air conditioning

Sale and tax history for 6601 Ridgeview Rd

Sale History
Tax History

Date

Event

Price

MLSNOW #5224505

Jul 3, 2026

Listed

$200,000

$199/sq ft

MLSNOW #5103153

May 17, 2025

Relisted

—

May 17, 2025

Price Changed

$189,900

$189/sq ft

May 7, 2025

Contingent

—

Apr 3, 2025

Relisted

—

Mar 28, 2025

Contingent

—

Mar 12, 2025

Relisted

—

Mar 3, 2025

Contingent

—

Feb 28, 2025

Listed

$199,900

$199/sq ft

MLSNOW #5091246

Jan 13, 2025

Sold

$125,000

$124/sq ft

Dec 30, 2024

Pending

—

Dec 23, 2024

Listed

$120,000

$119/sq ft

+10

ATTENTION INVESTORS!! INSTANT EQUITY TO BE EARNED!! Bring your ideas to this DIAMOND IN THE ROUGH. The possibilities are endless with this 3 bedroom/1 full bathroom RANCH home situated in desirable Mayfield Heights. Get into the market at a fraction of the price while having the ability to add equity through renovation! Highlights include "bigger than average" kitchen, 1 car "extra deep" attached garage, large backyard space, ONE FLOOR LIVING, and a stable neighborhood. Whether you're a first time buyer looking for an opportunity to create your own space or an investor wanting to find a potential cash flowing property/your next flip - this one if for you!

Public Records

Dec 18, 2024

Sold

$80,000

$80/sq ft

Public Records

Jun 14, 1985

Sold

$53,000

$53/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$3,134 (+28.0%)

$11,940 + $34,060

$46,000

2024

$2,448 (−17.8%)

$11,940 + $34,060

$46,000

2023

$2,977 (−4.2%)

$11,310 + $30,560

$41,870

2022

$3,108 (+1.0%)

$11,310 + $30,560

$41,870

2021

$3,077 (+7.1%)

$11,310 + $30,560

$41,870

2020

$2,873 (+3.2%)

$9,660 + $26,110

$35,770

2019

$2,785 (+0.6%)

$9,660 + $26,110

$35,770

2018

$2,770 (+9.6%)

$9,660 + $26,110

$35,770

2017

$2,528 (+0.8%)

$10,570 + $19,810

$30,380

2016

$2,509 (+16.4%)

$10,570 + $19,810

$30,380

2015

$2,156 (+1.2%)

$10,570 + $19,810

$30,380

2014

$2,130

$10,360 + $19,430

$29,790

Public record

Beds

Baths

Stories

Lot width

60 ft.

Lot depth

116 ft.

Lot size

6,960 Sq. Ft.

Year renovated

1965

Finished Sq. Ft.

1,006

Unfinished Sq. Ft.

—

Total Sq. Ft.

1,006

Year built

1950

Style

Single Family Residential

County

Cuyahoga County

APN

86235028

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jun 3, 2026.

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

2/10 Heat Factor

7 days above 94° expected this year, 17 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

3/10 Air Factor

3 unhealthy days expected this year, 4 days in 30 years

Provided by First Street

Historical weather

Cleveland, OH • 44124

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

77/ 100

Good sunlight

Sunscore

There appears to be minimal shading by surrounding buildings, terrain, and vegetation.

9.1 hrs

4.6 hrs

JuneDecember

Provided by Shadowmap

Redfin Estimate for 6601 Ridgeview Rd

We cannot show automated home-value estimates for this home.

Nearby homes have recently sold between $195,995 and $314,900.

Nearby comparable homes

The Redfin Estimate uses 6 recent nearby sales, priced between $196K to $315K.

SOLD JUL 27, 2026
$195,995 Last sold price
4 beds1 bath1,202 sq ft
1572 Woodrow Ave, Cleveland, OH 44124
$36/sq ft
smaller lot
2 years newer
SOLD MAR 19, 2026
$202,000 Last sold price
3 beds2 baths1,497 sq ft
1526 Parker Dr, Cleveland, OH 44124
$64/sq ft
24 years older
basement
SOLD MAY 15, 2026
$223,000 Last sold price
3 beds1 bath— sq ft
1272 Bonnie Ln, Cleveland, OH 44124
larger lot
14 years newer
basement
SOLD APR 10, 2026
$314,900 Last sold price
3 beds2 baths1,140 sq ft
1296 Bonnie Ln, Cleveland, OH 44124
$77/sq ft
larger lot
15 years newer
SOLD JUL 31, 2026
$310,000 Last sold price
3 beds1.5 baths1,752 sq ft
1639 Windsor Dr, Cleveland, OH 44124
$22/sq ft
larger lot
18 years newer
SOLD APR 17, 2026
$215,000 Last sold price
3 beds2 baths1,392 sq ft
1606 Parker Dr, Cleveland, OH 44124
$45/sq ft
smaller lot
2 years older

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Nearby similar homes

OPEN THU, 5:30PM TO 7PM

$285,000

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New listings for sale in 44124

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3 beds1.5 baths— sq ft

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3D WALKTHROUGH

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Details provided by MLSNOW and may not match the public record. Learn more.

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About this home

Payment calculator

See this home in person

Nearby open houses (10)

Around this home

Schools

Lifestyle

Offer insights

Property details

Sale and tax history for 6601 Ridgeview Rd

Public record

Climate risks

Historical weather

Sun exposure

Redfin Estimate for 6601 Ridgeview Rd

Nearby similar homes

New listings for sale in 44124

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