Vision Sales Team

18518 Newell Road

Shaker Heights, OH 44122

MLS#: 5245993

$369,900

Status: Active
Listing number: 5245993
Listing provided by: Elite Sotheby's International Realty
Listing agent phone: None
Last update: 18 days ago
On site: 24 days ago
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Property

Beds

7

Full Baths

3

1/2 Baths

None

Year Built

1927

Sq.Footage

3,267

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!

Features & Amenities

Interior

  • Total Bedrooms

    7

  • Bathrooms

    3

  • Above Grade Finished Area

    3267.0

  • Basement YN

    YES

  • Cooling YN

    NO

  • Cooling

    None

  • Heating YN

    YES

  • Heating

    Natural Gas, Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    Yes

  • Garage spaces

    3

  • Construction Materials

    Brick, Stone, Stucco

  • Parking

    Detached, Garage

  • Pool

    No

  • Waterfront YN

    YES

Area & Lot

  • Lot Features

    Waterfront

  • Lot Size(acres)

    0.148

  • Property Type

    Residential Income

  • Property Sub Type

    Duplex

Price

  • Sales Price

    $369,900

  • Tax Amount

    $9,060

  • Sq. Footage

    3,267

  • Price/SqFt

    $113

HOA

  • Association

    No

School District

  • Elementary School

    Shaker Heights CSD - 1827

  • Middle School

    Shaker Heights CSD - 1827

  • High School

    Shaker Heights CSD - 1827

Property Features

  • Stories

    3

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

Cuyahoga

Elementary School

Shaker Heights CSD - 1827

Middle School

Shaker Heights CSD - 1827

High School

Shaker Heights CSD - 1827

Listing Courtesy of Alex Severyn, Elite Sotheby's International Realty

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Agent Carla Ponikvar

Agent / Realtor®

Carla Ponikvar

Call Carla today to schedule a private showing.

(330) 760-3338

CarlaP@visionsalesteam.com


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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!

18518 Newell Road

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