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18518 Newell Road Shaker Heights, OH $ 369,900
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$ 369,900 Get more info
18518 Newell Road
$ 369,900
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Share Save

18518 Newell Road

Shaker Heights, OH, 44122
$ 369,900
Bedrooms7 Baths3.0 Sq 3,267

Monthly Estimate*

$ 2,555

18518 Newell Road, Shaker Heights, OH 44122 - Image 1

Multi-Family Home for sale in Shaker Heights, OH

for $369,900 with 7 bedrooms and 3 full baths. This 3,267 square foot home was built in 1927 on a lot size of 0.148.

Excellent investment opportunity in Shaker Heights! This well-maintained multifamily property at 18518 Newell Road offers strong existing income, quality tenancy, and recent capital improvements. The property is currently leased and generating more than $4,200 per month in rental income, providing immediate cash flow for the next owner. The units are currently utilized by Beechmont Country Club, offering the benefit of an established, reputable tenant and an attractive rental history. Recent improvements include plumbing upgrades in both bathrooms along with updated kitchens featuring stainless steel appliances. The property also includes a highly desirable three-car garage, providing ample parking and additional functionality for tenants. Located in sought-after Shaker Heights, this is an excellent opportunity for an investor looking to acquire a stabilized multifamily asset with strong existing income, credible tenancy, recent improvements, and continued long-term potential. Turnkey income from day one!

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Multi-Family Active

Price

$ 369,900

Bedrooms

7

Full Bath

3

Property Type

Multi-Family

Taxes

$ 9,060

Style

Lot Size

0.148

Year Built

1927

Town/City

Shaker Heights

County/Region

Cuyahoga

MLS | Web ID

5245993
Features
General
Sewer Public Sewer
Heating Forced Air Gas
Cooling None
Possession Negotiable
Roof Asphalt
Garage Spaces 3
Construction Materials Brick Stone Stucco
Year Built 1927
Township Shaker Heights
Levels Three Or More
Property Subtype Duplex
Tax Year 2025
County Cuyahoga
Property Type Residential Income
Attached Garage false
Facing Direction North
Garage Y/N true
Full Baths 3
Status Active
Directions From I-271 take the Chagrin Blvd exit and head west. Continue west on Chagrin Blvd then turn right onto Lee Rd. Turn left onto Newell Rd and continue to 18518 Newell Rd Shaker Heights OH.
City Shaker Heights
High School District Shaker Heights CSD - 1827
Lot Size Units Acres
Carport Y/N false
Tax Annual Amount 9060
Home Warranty Y/N false
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Shaker Heights CSD - 1827
Elementary School District Shaker Heights CSD - 1827
Year Built Source Public Records
Property Sub Type Additional Duplex
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Interior
Basement Common Basement Full
Total Stories 3
Basement (Y/N) true
Air Conditioning Y/N false
Heating Y/N true
Above Grade Finished Area 3267
Half Baths 0
Total Bedrooms 7
Main Level Bathrooms 0
Above Grade Finished Area Source Public Records
Total Baths 3
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Exterior
Parking Features Detached Garage
Water Source Public
Lot Size Area 0.148
Number of Buildings 2
Lot Size Acres 0.148
Lot Size Source Assessor
Waterfront Y/N true
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* Excluded Features
List By
Alex Severyn

Listing Agent

Elite Sotheby's International Realty

Broker

alex.severyn@elitesothebysrealty.com

Email

Affordability Calculator

$3,310
Per Month
77%
23%
0%
Monthly Principal & Interest
$2,555
Monthly Property Taxes
$755
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4457919 Elementary School
4457910 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/17/2026$369,900 Listed Price

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18518 Newell Road, Shaker Heights, OH, 44122 is a Multi-Family Home for sale at $369,900 with 3,267 sqft and a lot size of 0.148. 18518 Newell Road has 7 bedrooms, 3.0 baths, and was built in 1927. The property's zip code is 44122 which is in Shaker Heights, OH

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