18518 Newell Road

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Address: 18518 Newell Rd, Shaker Heights, OH 44122, USA
Chicago & Midwest + Apartment Buildings
Created date: September 18, 2026
Date last updated: September 18, 2026
Price: $369,900Investment Analyzer NEW!

Property Description

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!
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Broker Details

Alex Severyn
Alex Severyn

Elite Sotheby's International Realty / Premier Realty LLC (970) 646-8170 MLS ID: 611385 State License Number: 2024005022

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $369,900
Year Built: 1927
Lot Size: 3,267.00 Sq ft
Opportunity Zone: No
Property Website Click Here
Number of Bedrooms: 7
Number of Bathrooms: 3
Address: 18518 Newell Road, Shaker Heights, OH 44122, USA
Provided by:
Standard Status: Active
MLS Listing Number: 5245993
ID: 3yd-NEOHREXOH-5245993
Copyright Disclaimer: Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Analyzer

Step 1Financing Calculation

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Step 2Gross Rent Analysis

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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