# 6601 Ridgeview Road, Mayfield Heights, OH 44124 > **TL;DR:** commercial, $3,200,000, built 1950. Est. $17,114/mo. Listed 130 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $3,200,000 | | Year Built | 1950 | | Lot Size | 6,961 sqft (0.16 acres) | | Stories | 1 | | Property Type | Commercial (Apartment) | | Status | Active | | Days on Market | 130 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $16,181 | | Estimated Insurance | $933 | | **Total** | **$17,114** | ## Property Highlights - Built in 1950 - 0.16 acre lot ## Description ### Agent Description ***Recent appraisals available upon request on majority of properties***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! ## Location - **Address:** 6601 Ridgeview Road, Mayfield Heights, OH 44124 - **County:** Cuyahoga - **Neighborhood:** Dwight J Walker Allotment - **Coordinates:** 41.518156, -81.441266 - **Google Maps:** https://www.google.com/maps?q=41.518156,-81.441266 ## Virtual Tour & Media - **Video Tour:** https://www.propertypanorama.com/6601-Ridgeview-Road-Mayfield-Heights-OH-44124--5222686/unbranded ## Listing Agent - **Name:** Jesse R Kracht · **License:** 2010001088 - **Brokerage:** Russell Real Estate Services - **Broker Phone:** (440) 268-9491 - **Listing URL:** [View original listing](http://www.russellrealty.com/p/259/5222686) ## Photos ![6601 Ridgeview Road - Photo 1](http://lh.rdcpix.com/9585aa61fa851a0882deef4c939d3862l-f607633390r.jpg) ![6601 Ridgeview Road - Photo 2](http://lh.rdcpix.com/9585aa61fa851a0882deef4c939d3862l-f3817005434r.jpg) ![6601 Ridgeview Road - Photo 3](http://lh.rdcpix.com/9585aa61fa851a0882deef4c939d3862l-f1845870406r.jpg) ![6601 Ridgeview Road - Photo 4](http://lh.rdcpix.com/9585aa61fa851a0882deef4c939d3862l-f2352676032r.jpg) ![6601 Ridgeview Road - Photo 5](http://lh.rdcpix.com/9585aa61fa851a0882deef4c939d3862l-f1988464421r.jpg) ![6601 Ridgeview Road - Photo 6](http://lh.rdcpix.com/9585aa61fa851a0882deef4c939d3862l-f4252224111r.jpg) ![6601 Ridgeview Road - Photo 7](http://lh.rdcpix.com/9585aa61fa851a0882deef4c939d3862l-f4191256000r.jpg) ![6601 Ridgeview Road - Photo 8](http://lh.rdcpix.com/9585aa61fa851a0882deef4c939d3862l-f1611827287r.jpg) ![6601 Ridgeview Road - Photo 9](http://lh.rdcpix.com/9585aa61fa851a0882deef4c939d3862l-f4132346345r.jpg) ![6601 Ridgeview Road - Photo 10](http://lh.rdcpix.com/9585aa61fa851a0882deef4c939d3862l-f3549314754r.jpg) ![6601 Ridgeview Road - Photo 11](http://lh.rdcpix.com/9585aa61fa851a0882deef4c939d3862l-f4185590296r.jpg) ![6601 Ridgeview Road - Photo 12](http://lh.rdcpix.com/9585aa61fa851a0882deef4c939d3862l-f2806585107r.jpg) ![6601 Ridgeview Road - Photo 13](http://lh.rdcpix.com/9585aa61fa851a0882deef4c939d3862l-f1746178435r.jpg) ![6601 Ridgeview Road - Photo 14](http://lh.rdcpix.com/9585aa61fa851a0882deef4c939d3862l-f926361068r.jpg) ![6601 Ridgeview Road - Photo 15](http://lh.rdcpix.com/9585aa61fa851a0882deef4c939d3862l-f3026018882r.jpg) ![6601 Ridgeview Road - Photo 16](http://lh.rdcpix.com/9585aa61fa851a0882deef4c939d3862l-f1841455322r.jpg) --- **MLS#:** 5222686 | **Updated:** 2026-10-20 **Source:** listhub *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.* [View on PropertySimple](https://www.propertysimple.ai/listing/6601-ridgeview-road-mayfield-heights-oh-44124-4c14763afcc84e93aad8ef68d4de6612) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/6601-ridgeview-road-mayfield-heights-oh-44124-4c14763afcc84e93aad8ef68d4de6612#listing", "url": "https://www.propertysimple.ai/listing/6601-ridgeview-road-mayfield-heights-oh-44124-4c14763afcc84e93aad8ef68d4de6612", "name": "6601 Ridgeview Road, Mayfield Heights, OH 44124", "description": "***Recent appraisals available upon request on majority of properties***Turnkey 16-property single-family rental portfolio across highly desirable Cleveland East suburbs including South Euclid, Cleveland Heights, Lyndhurst, Mayfield Heights, and Cleveland. 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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. 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