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Street View
$369,900
Monthly Est:$1,841
7 Beds
3 Baths3 full baths
3,267sqft
18518 Newell Rd, Beachwood, OH 44122
$369,900
$1,841/moEst:
Get Pre-Approved
Duplex
Built in 1927
$-- HOA
0.15 acre lot
$113/sq.ft
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!
- Houzeo last checked: 1 hour ago
- Listing updated: September 23, 2026 at 4:49 pm
- Listing Provided by: Alex Severyn (716) 359-1155 DRE #2024005022 | Elite Sotheby's International Realty (440) 290-4800
- Source: MLS Now-OH | MLS#: 5245993
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
3
County
City
Neighborhood
--
Year Built
1927
HOA Fees
-
Finished Area
3,267 sqft
Lot Size
0.15 acre lot
Basement Area
- sqft
MLS Name
MLS Now
MLS Number
5245993
MLS Status
Active
Days on Market
21
Cumulative Days on Market
6
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 7
Bathrooms: 3
Interior
Cooling
None
Sewer
Public Sewer
Heating
Forced Air, Gas
Construction
Year Built
Year Built: 1927
Home type
Duplex
Construction Materials
Brick, Stone, Stucco
Roof
Asphalt
Utilities & Energy
Parking Features
Detached, Garage
Basement
Common Basement, Full
Water Source
Public
Price History
| Date | Event | Price |
|---|---|---|
09/17/2026 Source: | Listed for Sale | $369,900 +17514.29% $113/sqft |
03/20/2025 Source: | Sold | $2,100 -8.70% $1/sqft |
03/20/2025 Source: | Price Increased | $2,300 +9.52% $1/sqft |
03/17/2025 Source: | Pending | $2,100 $1/sqft |
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