18518 Newell Road
Shaker Heights, OH 44122
7
Bed
3
Bath
3,267Sqft
0.15Acre(Lot)
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, t
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 7Bathroom Information
Total Baths: 3 Full Baths: 3Room Information
Has Basement: Yes Basement: Full -
Roofing Information
Asphalt -
Interior Features
Roof: Asphalt -
Heating & Cooling
Has Heating: Yes Heating: Natural Gas, Forced Air Cooling: None Water front: 1
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Building Information
Year Built: 1927 Construction Materials: Brick, Stone, Stucco Private Pool: No
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Lot Information
Main Square Feet: 0.148 Acres Lot Size Acres: 0.148 Lot Size Source: Assessor Lot Description: Waterfront
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Listing Price Information
Listing Price: $369900
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Tax Information
Parcel Number: 736-20-020 Tax Year: 2025 Annual Tax: $9060
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Parking Information
Detached, GarageGarage Information
Has Garage: Yes Garage Space: 3
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Location Information
Direction: 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. WaterSource: Public
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ByOwner last updated this listing 10/06/2026 @ 08:55
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