18405 Newell Road

Off Market

18405 Newell Road

Shaker Heights OH 44122

3094 sq. ft.

0.16 ac.

Duplex

Last sold for $310,000

John Currid, last sold this property on 02 August 2025 after 92 days on market.

Overview

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.

Features

7 bedrooms

4 bathrooms

3 carspaces

3 garage spaces

3094 sq. ft. floor area

0.16 ac. lot size

Duplex

Estimated Value

We need at least 3 similar 7 bedroom duplexes sold in Shaker Heights over the last 12 months.

Property history for 18405 Newell Road

2026

Rented

Undisclosed

14 Apr 2026 by REMAX Revealty | Chagrin Falls

2025

Sold

$310,000

02 Aug 2025 by John Currid, of VSD Realty, LLC.

2021

Sold

$187,500

29 Dec 2021 by Joel Hollo, of eXp Realty, LLC (E - SR14 - Ohio)

Happy sellers in Shaker Heights

85%

85% of sellers in Shaker Heights reported that their sale price either exceeded or met their price expectations.

Shaker Heights stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Shaker Heights over the last 12 months.

Local market activity for 7 bedroom duplexes in Shaker Heights

In the last 12 months, 1 seven-bedroom duplex similar to 18405 Newell Road, have been sold.

This represents a 80% increase in seven-bedroom duplexes sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Shaker Heights for a market analysis.

Dechella Woodruff

at HomeSmart Real Estate Momentum LLC

(9 reviews)

Get a market analysis

Melody Caraballo

at eXp Realty

(62 reviews)

Get a market analysis

James Arnos

at Cutler Real Estate | Greater Cleveland

(33 reviews)

Get a market analysis

Myra White

at Howard Hanna Shaker Heights

(2 reviews)

Get a market analysis

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Shaker Heights

Dechella Woodruff

Dechella Woodruff is a recommended agent for Shaker Heights. They have 2 local sales and collected 2 local reviews across the last 12 months.

5 (9 reviews)
2 Reviews in Shaker Heights
2 Sales in Shaker Heights

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Melody Caraballo

Sellers who recommend Melody Caraballo have praised them for being local expert, responsive, clear communication, supportive, patient, friendly, and well-prepared