18405 Newell Road
Shaker Heights, OH 44122
- 7 beds
- 4 baths
- 3,094 sqft
- $100 per sqft
- 1928 build
- – on site
Discover 18403 Newell Ave, a meticulously updated duplex in vibrant Shaker Heights, OH, listed for $310,000. This exceptional investment property features two units: a charming 2-bedroom, 1-bath unit and a spacious 5-bedroom, 2-bath unit, both boasting modern finishes for low maintenance and strong tenant appeal. With an estimated monthly income of $5,240 ($62,880 annually) and with estimated expenses the property delivers a net operating income of $45,023, a solid 14.5% cap rate, and an impressive cash-on-cash return. The property includes a detached 3-car garage for ample parking or storage and will transfer point of sale compliant with the City of Shaker Heights, ensuring a seamless transaction. Perfectly situated near top-rated Shaker Heights City School District schools, the bustling Van Aken District’s dining and shopping, RTA Blue/Green Line public transit, and local businesses, this duplex offers unmatched convenience. Shaker Heights, a premier Cleveland suburb, is celebrated for its historic architecture, tree-lined streets, and proximity to cultural landmarks like the Cleveland Museum of Art and recreational areas such as Shaker Lakes. With easy access to downtown Cleveland, this property is ideal for investors or owner-occupants seeking rental income. Equal housing opportunity. All information is deemed reliable but not guaranteed; buyers should verify financials and details.
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated May 7, 2025
•
MLS# 5119064 —
The Building
-
Year Built:1928
-
Year Built Source:PublicRecords
-
Construction Materials:Cedar
-
Window Features:InsulatedWindows
-
Levels:Two
-
Stories:2
-
Roof:Asphalt,Fiberglass
-
Basement:Unfinished
-
Basement:true
-
# of Buildings:1
-
Stories Total:2
-
Above Grade Finished Area:3094.0
-
Above Grade Finished Area Source:Assessor
-
Below Grade Finished Area Source:Assessor
Interior
-
Rooms Total:13
Room Dimensions
-
Living Area:3094.0
-
Living Area Units:SquareFeet
Location
-
Directions:turn south off Chagrin on to Glencairin Rd and left onto Newell.
-
Latitude:41.463684
-
Longitude:-81.550435
The Property
-
Parcel Number:736-20-041
-
Property Type:ResidentialIncome
-
Property Subtype:Duplex
-
Property Subtype Additional:Duplex
-
Property Condition:UpdatedRemodeled
-
Lot Size Acres:0.155
-
Lot Size Area:0.155
-
Lot Size Units:Acres
-
Lot Size Source:Assessor
-
Fencing:Partial
-
Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (216) 421-6352
- Office phone:
- (216) 406-1772
Taxes
-
Tax Year:2024
-
Tax Legal Description:54 VANS-22 1497 ALL
-
Tax Annual Amount:$6,023
Beds
-
Bedrooms Total:7
Baths
-
Total Baths:4
-
Full Baths:3
-
Half Baths:1
The Listing
-
Listing Terms:Cash,Conventional,FHA,VaLoan
-
Home Warranty:false
-
Special Listing Conditions:Standard
-
Virtual Tour URL Unbranded 3:https://www.propertypanorama.com/18405-Newell-Road-Shaker-Heights-OH-44122/unbranded
Heating & Cooling
-
Heating:HotWater,Steam
-
Heating:true
-
Cooling:None
-
Cooling:false
Utilities
-
Sewer:PublicSewer
-
Water Source:Public
Appliances
-
Appliances:Refrigerator
-
Laundry Features:WasherHookup
Schools
-
Elementary School District:Shaker Heights CSD - 1827
-
Middle School District:Shaker Heights CSD - 1827
-
High School District:Shaker Heights CSD - 1827
The Community
-
Subdivision Name:Vansweringen
-
Pool Private:false
Parking
-
Garage:true
-
Attached Garage:false
-
Garage Spaces:3.0
-
Carport:false
-
Parking Features:Concrete,Detached,Garage
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
5/7/25
May 7, 2025
|
Sold Subject To Contingencies | MLS_NOW | $310,000 | |
|
5/1/25
May 1, 2025
|
Listed / Active | MLS_NOW | $310,000 | |
|
12/29/21
Dec 29, 2021
|
Sold | MLS_NOW |
