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Triplex with Two-Car Garage
For Sale
$243,900

18323 Newell Road, Shaker Heights, OH 44122

MULTI_FAMILY - Shaker Heights, OH

Property Size3,350 SF
Lot Size0.15 Acres
Price / SF$72.81
Days on Market95

Property Features for 18323 Newell Road

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 5
Bathrooms 3
Full bathrooms 3
Rooms Basement, Bedroom 5, Bedroom 1, Bedroom 3, Bedroom 4, Laundry Room, Bathroom 1, Bathroom 3, Bathroom 2, Bedroom 2
Parking features Driveway, Garage
Window features Wood Frames, Blinds
Interior features Bookcases, CrownMolding, EntranceFoyer, PrimaryDownstairs, Storage
Exterior features RainGutters
Appliances Dishwasher, Range, Refrigerator
Lot features Sloped Down, Front Yard, Near Public Transit, Wooded
Elementary school district Shaker Heights CSD - 1827
Middle school district Shaker Heights CSD - 1827
High school district Shaker Heights CSD - 1827
Directions Chagrin Blvd to Glencairn to Newell.
Standard status Active
APN 736-20-045
Size 3,350 SF
Lot size 0.15 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 9194

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air, Baseboard
Water source Public

Building Details

Year built 1927
Floors in Building 3
Building materials Brick, ShingleSiding, WoodSiding
Roof type Asphalt, Fiberglass
Additional Structures Storage
Listing Agency: Century 21 Homestar · Century 21 Real Estate
Listed By: Louis S Powers · License #327596
Added: May 7 Changed: Aug 1 Last Checked: Aug 9 at 1:06PM
MLS# 5207718

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 Insights

Based on property information with market context.

This well-maintained Tudor-style triplex offers three separate levels for flexible living or rental layout. The first floor features two bedrooms plus a sunroom that can serve as an office, along with a bath and oak floors. The second floor includes two bedrooms and a sunroom for office use, plus a bath and oak floors. The third floor has a private entrance with one bedroom, a living room, and a full bath. Interior features include bookcases, crown molding, an entrance foyer, primary-downstairs convenience, and storage. The home also includes updated hot water tanks and forced-air furnaces.

Exterior updates include a newer gable roof and rain gutters. Parking is provided by a driveway and a two-car garage. Construction features brick with shingle siding and wood siding, with an asphalt and fiberglass roof. Public water and public sewer are available.

It’s located a short distance to Van Aken Market District. A point-of-sale inspection is reported as clear.

Key Highlights

  • 0.1534‑acre lot and 3,350 SF triplex
  • Year built 1927 with Tudor‑style brick exterior and siding
  • Updated hot water tanks and forced air furnaces

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Building Supply Big Box & Wholesale Store HVAC Service Auto Parts Store Auto Repair Shop Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

340
Businesses Nearby

Demographics for 44122, OH

36,268
Population
17,795
Households
2
Avg Household Size
45
Median Age
62%
College-Educated
97%
High-School Grad
12.5 sq mi
ZIP Area
2,901
Density / Sq Mi
$97,469
Median Household Income
$58,334
Median Earnings
$1,509
Median Rent
$304,300
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Well-maintained Tudor triplex with updated mechanicals, newer gable roof, and a two-car garage off the driveway.
Where is this triplex located?
The property is located at 18323 Newell Road Shaker Heights, OH.
What is the asking price?
The asking price for this property is $243,900.
What are key features of this property?
This property features: 0.1534‑acre lot and 3,350 SF triplex; Year built 1927 with Tudor‑style brick exterior and siding; Updated hot water tanks and forced air furnaces
More about this property
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