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Listed price in listed location currency (USD).
$369,900

733

MLS® 5245993

Overview

Key Facts

Type Duplex
Levels Residential Income
Size 3267 sqft
Garage Yes
Taxes $9,060
Days Active 14
Lot Size 0.148 Acres
Approx. Age 1927
Avg. Price Per Sqft $113
MLS® Number 5245993

Property Address: 18518 Newell Rd, Shaker Heights, OH, 44122-5161

Average square foot calculated using Size range provided by listing agent.

Description

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!
MLS® Number5245993
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1927
BasementCommon Basement, Full
DrivewayDetached, Garage
Garage Spaces
HeatForced Air, Gas
A/CNone

Extras

Price History

Last Sold Price

$2,300$2.3K

Appreciation

+51.2%

Avg. Days Listed

123 days

Today, For Sale for $369,900

For Sale · 13 days

$369,900

MLS® 5245993

13 days ago

Not Sold Yet

September 2026, For Sale for $369,900

For Sale · 13 days

$369,900

MLS® 5245993

13 days ago

Not Sold Yet

March 2025, Leased for $2,300

View of english style home
Leased · 44 days

$2,300$2,100

MLS® 5097202

2 years ago

Sold on Mar 15, 2025

November 2024, Sold for $310,000

Front
Sold · 47 days

$310,000$325,000

MLS® 5076409

2 years ago

Sold on Nov 25, 2024

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