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Two-Unit Duplex with Third-Floor Family Room
New
For Sale
$174,900

18331 Newell Rd, Shaker Heights, OH 44122

Built in 1927, the property combines a two-bedroom residence with a larger four-bedroom layout.

Property Size3,240 SF
Price / SF$53.98
Days on Market3

Property Features for 18331 Newell Rd

General Information

Standard status Active
Size 3,240 SF
Property subtype Multi-Family

Units

Unit Mix 1 x 2BR, 1 x 4BR/2BA
Multifamily Units 2

Building Details

Year Built 1927
Listing Agency: King Realty
Listed By: Kirk A Suhart · License #2005000089
Source: Lisasiskoteam
Added: Sep 24 Last Checked: Sep 24 at 2:39PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of King Realty

Investment Insights

Based on property information with market context.

This 3,240-square-foot duplex, built in 1927, contains two residences. The first has two bedrooms, hardwood flooring, and built-in cabinetry in the dining room. The second offers four bedrooms and two bathrooms, along with a second-floor living room and a family room on the third floor. Its kitchen and bathroom have been updated; hardwood flooring remains beneath carpeting on the second floor.

The property is located in Shaker Heights, Ohio. The two units provide different bedroom counts and interior configurations within one residential building.

Key Highlights

  • 3,240‑square‑foot duplex built in 1927
  • Two‑bedroom unit features hardwood floors and built‑in dining room cabinets
  • Four‑bedroom unit has two bathrooms, an updated kitchen and bathroom, and hardwood beneath second‑floor carpeting

Property Analytics

Current Use

Duplexes

Suggested Use

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

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

2
Residential units

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
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Frequently Asked Questions

What type of property is this?
Duplex - Built in 1927, the property combines a two-bedroom residence with a larger four-bedroom layout.
Where is this duplex located?
The property is located at 18331 Newell Rd Shaker Heights, OH.
What is the asking price?
The asking price for this property is $174,900.
What are key features of this property?
This property features: 3,240‑square‑foot duplex built in 1927; Two‑bedroom unit features hardwood floors and built‑in dining room cabinets; Four‑bedroom unit has two bathrooms, an updated kitchen and bathroom, and hardwood beneath second‑floor carpeting
More about this property
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