18518 Newell RD Shaker Heights, OH 44122
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,267 sqft
Price per Sqft $113
MLS Listing ID 5245993
Bedrooms 7
Full Baths 3
HOA Y/N No
Abv Grd Liv Area 3,267
Year Built 1927
Annual Tax Amount $9,060
Tax Year 2025
Lot Size 6,446 Sqft
Acres 0.148
Property Sub-Type Duplex
Property Description
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!
Location
State OH
County Cuyahoga
Direction North
Rooms
Basement Common Basement, Full
Interior
Heating Forced Air, Gas
Cooling None
Fireplace No
Exterior
Parking Features Detached, Garage
Garage Spaces 3.0
Garage Description 3.0
Water Access Desc Public
Roof Type Asphalt
Private Pool No
Building
Faces North
Story 3
Sewer Public Sewer
Water Public
Level or Stories Three Or More
Schools
School District Shaker Heights Csd - 1827
Others
Tax ID 736-20-020
Special Listing Condition Standard
GET MORE INFORMATION