18518 Newell Road, Shaker Heights, OH 44122

Shaker Heights
Local realty services provided by:Better Homes and Gardens Real Estate Central
18518 Newell Road,Shaker Heights, OH 44122
$369,900
  • 7 Beds
  • 3 Baths
  • 3,267 sq. ft.
  • Multi-family
  • Active
Listed by: alex severyn
Office: elite sotheby's international realty
MLS#:5245993
Source:OH_NORMLS

Price summary

  • Price:$369,900
  • Price per sq. ft.:$113.22

About this home

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...

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Home facts

  • Year built:1927
  • Listing ID #:5245993
  • Added:6 day(s) ago
  • Updated:September 23, 2026 at 09:39 PM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:3
  • Full bathrooms:3
  • Basement:Yes
  • Basement Description:Common Basement, Full
  • Living area:3,267 sq. ft.

Heating and cooling

  • Heating:Forced Air, Gas

Structure and exterior

  • Roof:Asphalt
  • Year built:1927
  • Building area:3,267 sq. ft.
  • Lot area:0.15 Acres
  • Construction Materials:Brick, Stone, Stucco
  • Levels:3 Stories

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$369,900
  • Price per sq. ft.:$113.22
  • Tax amount:$9,060 (2025)

Parking

  • Parking description:Detached, Garage
  • Garage:Yes
  • Garage spaces:3
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