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    18431 Newell Rd Shaker Heights, OH 44122

    Pending
    For Sale
    $279,500

    MULTI_FAMILY - Shaker Heights, OH

    Property size:
    5,117 SF
    Lot size:
    0.17 Acres
    Days on Market:
    15
    Last Refresh:
    Dec 15 at 5:06 am

    Property Features for 18431 Newell Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Residential Multi Family
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Window features
    Wood Frames, Blinds
    Rooms
    Bedroom 5, Bedroom 6, Basement, Bedroom 4, Bathroom 3, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 3, Laundry Room, Bedroom 7, Bathroom 2
    Bedrooms
    7
    Bathrooms
    3
    APN
    736-20-035
    Parking features
    Off Street, Garage
    Interior features
    EntranceFoyer, EatInKitchen, HighSpeedInternet, Storage
    Appliances
    Dishwasher
    Size
    5,117 SF
    Lot size
    0.17 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Steam, Hot Water(Heating), Natural Gas
    Water source
    Public

    Building Details

    Year built
    1931
    Floors in Building
    3
    Building materials
    Brick
    Roof type
    Asphalt, Fiberglass
    Additional Structures
    Storage

    Northeast Ohio Realty LLC (440) 449-9100 [email protected]

    Listing agent Louis S Powers (216) 254-2148 License #327596

    Listing date Dec 1, 2025

    MLS# 5117374 Listing URL

    Copyright © 2025 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.

    Overview

    Shaker Heights Brick Tudor Multifamily

    This handsome brick Tudor is a well-maintained multifamily property ready for occupancy. The first floor features 3 bedrooms, a bathroom, oak floors, and a rear porch. The second floor mirrors this layout with 3 bedrooms, a bathroom, and oak floors. The third floor offers a private entrance to a 1-bedroom unit with a family room and a full bath. Updated hot water tanks and boilers are in place. A 3-car garage is included. The property is a short distance from the Van Aken Market District. The listing includes an additional buildable lot, subject to building department specifications, that can be used for additional yard space. The property size is 5117 square feet and the lot size is 0.1722 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Shaker Heights
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.549422
    Latitude
    41.463686

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained multifamily property near Van Aken Market District.
    Where is this apartment building located?
    The property is located at 18431 Newell Rd Shaker Heights, OH.
    What is the asking price?
    The asking price for this property is $279,500.
    What are key features of this property?
    This property features: - Income potential: Opportunity to offset expenses with rental income.; - Six bedrooms and three full bathrooms across three floors, offering ample living space.; - Includes an additional buildable lot, expanding property usage options.
    (216) 254-2148
    Request Owner's contact information
    18431 Newell Rd Shaker Heights, OH 44122
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    Shaker Heights, OH 44122
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    18431 Newell Rd Shaker Heights, OH 44122
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