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$369,900 Just Listed

  • For Sale
  • Active
  • Duplex
  • 7 Beds
  • 3 Full Baths
  • 3,267 Sq. Ft.
  • 0.148 Acres
  • 3 Car Garage
  • Updated 2 days ago
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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!

Full Property Details for 18518 Newell Rd

General

  • Price: $369,900
  • Taxes: $9,060 (2025)
  • Status: Active
  • Type: Duplex
  • Source: 505
  • MLS ID: 5245993
  • Updated: 9/17/2026
  • Added to Site: 2 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 3

Bedrooms

  • Total Bedrooms: 7

Parking

  • Garage: Yes
  • Garage Spaces: 3
  • Parking Features: Detached, Garage

Location

  • County: Cuyahoga
  • Township: Shaker Heights
  • Driving 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.
  • Direction Faces: North

School Information

  • Elem School District: Shaker Heights CSD - 1827
  • Midd School District: Shaker Heights CSD - 1827
  • High School District: Shaker Heights CSD - 1827

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Forced Air, Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • # Buildings: 2
  • Construction: Brick, Stone, Stucco
  • Basement: Yes
  • Basement Desc.: Common Basement, Full
  • Roof: Asphalt
  • Stories/Levels: 3
  • Square Feet: 3,267
  • Living Area: 3,267 Sq. Ft.
  • Finished Above Grnd: 3,267 Sq. Ft.
  • Year Built: 1927
  • Year Built Source: Public Records

Lot Features

  • Lot Size (Acres): 0.148
  • Lot Size: .148
  • Lot Size Source: Assessor

Water Features

  • Water Front: Yes

Financial Considerations

  • Tax Amount: $9,060
  • Tax Year: 2025

Disclosures and Reports

  • Special Conditions: Standard
  • Property ID: 736-20-020

Listed by Elite Sotheby's International Realty, Alex Severyn

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Listing agent

— 18518 Newell Rd —

  • Alex Severyn

    Elite Sotheby's International Realty

alex.severyn@elitesothebysrealty.com, 716-359-1155

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 18518 Newell Rd

School District:Shaker Heights City School District
NameGradesDistance
Lomond Elementary School
17917 Lomond Boulevard, Shaker Heights, OH 44122
K-40.3 mi
Shaker Heights Middle School
20600 Shaker Boulevard, Shaker Heights, OH 44122
7-81.3 mi
Woodbury Elementary School
15400 South Woodland Road, Shaker Heights, OH 44120
5-61.6 mi
Shaker Heights High School
15911 Aldersyde Drive, Shaker Heights, OH 44120
9-121.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 18518 Newell Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/17/2026
Listed
$369,900
19.32%
MLS
12/20/2024
Sold
$310,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 18518 Newell Rd

Year
Property Taxes
Change
Tax Assessment
Change
2024
$8,773
-9%
$97,620
30%
2023
$9,636
8%
$74,870
8%
2022
$8,920
7%
$69,200
—
2021
$8,336
13%
$69,200
10%
2020
$7,374
10%
$62,900
—
2019
$6,683
6%
$62,900
—
2018
$6,310
2%
$62,900
6%
2017
$6,193
4%
$59,290
—
2016
$5,948
-13%
$59,290
—
2015
$6,848
6%
$59,290
10%
2014
$6,465
7%
$53,900
—
2013
$6,024
—
$53,900
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Elite Sotheby's International Realty, Alex Severyn

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18518 Newell Road, Huber Heights, OH 44122 (MLS# 5245993) is a Duplex property with 7 bedrooms and 3 full bathrooms. 18518 Newell Road is currently listed for $369,900 and was received on September 17, 2026. Want to learn more about 18518 Newell Road? Do you have questions about finding other Duplex real estate for sale in Huber Heights? You can browse all Huber Heights real estate or contact a Coldwell Banker agent to request more information.

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