OFF MARKET

Off market aug 2025 for $310K

$338,987

Est. refi paymentEst. refi $2,069/mo

•

3,094

sq ft

18405 Newell Rd, Shaker Heights, OH 44122

About this home

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.

Multi-familyProperty Type

1928Year Built

6,751 sq ftLot Size

$110Est. Price/Sq.Ft.

3 car garageParking

Listed by John Currid • VSD Realty, LLC.

Contact: 216-406-1772 victor@vsdrealty.com

Bought with John Currid • VSD Realty, LLC.

Redfin checked: 2 minutes ago

•Source:MLSNOW #5119064

Redfin Estimate

$338,987

$29K since sold in August 2025$12K since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 1.9% higher than the average sale price ($333K) of 6 comparable homes.

SOLD OCT 8, 2026
$225,000
A
5 beds3 baths3,350 sq ft
18323 Newell Rd, Shaker Heights, OH 44122
SOLD OCT 6, 2026
$434,900
B
9 beds3 baths3,010 sq ft
19000 Winslow Rd, Shaker Heights, OH 44122
SOLD OCT 13, 2026
$462,500
C
5 beds3.5 baths2,315 sq ft
3331 Kenmore Rd, Shaker Heights, OH 44122
SOLD AUG 18, 2026
$316,000
D
5 beds3 baths2,448 sq ft
3559 Gridley Rd, Shaker Heights, OH 44122
SOLD OCT 5, 2026
$260,000
E
5 beds3.5 baths2,244 sq ft
3396 Dorchester Rd, Shaker Heights, OH 44120
SOLD MAR 2, 2026
$297,000
F
6 beds3 baths— sq ft
3563 Latimore Rd, Shaker Heights, OH 44122

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Earn from this home

Sell

$74,444

Est. take-home

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Refinance

Est. cash available

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Market trends in 44122, OH

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

99.2%

0.8% MoM

Median sale price

$450K

$25K MoM

Avg. days on market

45d

16 days MoM

Recently sold homes

115

20 MoM

New listings for sale

NEW 35 MINS AGO
$245,000
3 beds2 baths1,349 sq ft
3129 Warrensville Center Rd, Shaker Heights, OH 44122
OPEN SUN, 1PM TO 3PM
$165,000
3 beds2 baths1,845 sq ft
20508 Halifax Rd, Warrensville Heights, OH 44122
NEW 19 HRS AGO
$170,500
3 beds2 baths— sq ft
4245 Feiner Dr, Cleveland, OH 44122
OPEN SAT, 12PM TO 2PM
$339,000
4 beds2.5 baths1,836 sq ft
3455 Colton Rd, Shaker Heights, OH 44122
$549,900
2 beds2.5 baths2,566 sq ft
3264 Richmond Rd, Beachwood, OH 44122
OPEN SUN, 12PM TO 2PM
$459,000
4 beds3 baths1,910 sq ft
18329 Lomond Blvd, Shaker Heights, OH 44122
$469,900
4 beds2.5 baths2,321 sq ft
24911 S Woodland Rd, Beachwood, OH 44122
OPEN SUN, 2PM TO 4PM
$369,900
3 beds1.5 baths1,781 sq ft
23703 E Baintree Rd, Beachwood, OH 44122
$450,000
4 beds2.5 baths2,264 sq ft
2673 Belvoir Blvd, Shaker Heights, OH 44122
$749,900
5 beds3 baths3,352 sq ft
25436 Halburton Rd, Beachwood, OH 44122
See all

Provided by Redfin

Sale history for 18405 Newell Rd

Date

Event

Price

YESMLS #5197000

Jun 17, 2026

Rental Removed

$1,250

$0/sq ft

Apr 22, 2026

Price Changed

$1,250

$0/sq ft

Mar 29, 2026

Listed for Rent

$1,300

$0/sq ft

YESMLS #5181435

Mar 28, 2026

Rental Removed

$1,200

$0/sq ft

Mar 24, 2026

Listed for Rent

$1,200

$0/sq ft

Feb 22, 2026

Rental Removed

$1,200

$0/sq ft

Jan 15, 2026

Listed for Rent

$1,200

$0/sq ft

TENANTTURNER2 #3

Jan 15, 2026

Rental Removed

$1,250

$0/sq ft

Nov 4, 2025

Price Changed

$1,250

$0/sq ft

Oct 26, 2025

Price Changed

$1,350

$0/sq ft

Oct 19, 2025

Listed for Rent

$1,750

$1/sq ft

MLSNOW #5119064

Aug 2, 2025

Sold

$310,000

$100/sq ft

Jul 17, 2025

Pending

—

May 7, 2025

Contingent

—

May 1, 2025

Listed

$310,000

$100/sq ft

Public Records

Jun 13, 2025

Sold

$310,000

$100/sq ft

RENTALBEAST #2

Nov 27, 2024

Rental Removed

$1,995

$1/sq ft

Nov 27, 2024

Listed for Rent

$1,995

$1/sq ft

RENTALBEAST #1

Dec 16, 2024

Rental Removed

$1,995

$1/sq ft

Dec 16, 2024

Listed for Rent

$1,995

$1/sq ft

Nov 27, 2024

Rental Removed

$1,995

$1/sq ft

Nov 27, 2024

Listed for Rent

$1,698

$1/sq ft

Public Records

Jan 3, 2022

Sold

$197,500

$64/sq ft

MLSNOW #4309176

Dec 29, 2021

Sold

$187,500

$61/sq ft

Aug 20, 2021

Pending

—

Aug 18, 2021

Listed

$185,000

$60/sq ft

+29

Incredible totally owner occupied home w/ over 3000 sq ft of living space ready for a new owner or investor! Features a unique open concept w/ gorgeous hardwood floors thru-out and light color design. Expanded 2nd floor unit to the 3rd w/ all new paint and plenty of rooms and add'l full bath! The lot is exceptional w/ large 3-car garage and newer cement driveway. Fabulous location surrounded by other gorgeous homes!

Public Records

Jul 3, 2007

Sold

$164,900

$53/sq ft

MLSNOW #2356670

Feb 28, 2007

Listed

$164,900

$53/sq ft

MLSNOW #2316059

Feb 18, 2007

Listing Removed

—

Aug 18, 2006

Listed

$195,000

$63/sq ft

Public Records

Oct 22, 1999

Sold

$176,000

$57/sq ft

Public Records

Apr 28, 1995

Sold

$135,000

$44/sq ft

Public Records

Aug 1, 1978

Sold

$79,500

$26/sq ft

Public Records

Mar 1, 1975

Sold

$43,000

$14/sq ft

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Year

Property tax

Land + Additions

Assessment*

2025

$6,818 (+13.2%)

$15,890 + $49,740

$65,630

2024

$6,023 (−30.4%)

$15,890 + $49,740

$65,630

2023

$8,656 (+4.3%)

$11,970 + $63,250

$75,220

2022

$8,302 (+0.3%)

$11,970 + $63,250

$75,220

2021

$8,275 (+3.4%)

$11,970 + $63,250

$75,220

2020

$8,003 (+1.4%)

$10,890 + $57,510

$68,400

2019

$7,889 (−0.6%)

$10,890 + $57,510

$68,400

2018

$7,935 (−1.4%)

$10,890 + $57,510

$68,400

2017

$8,045 (+2.5%)

$11,690 + $54,290

$65,980

2016

$7,845 (+2.9%)

$11,690 + $54,290

$65,980

2015

$7,621 (+5.9%)

$11,690 + $54,290

$65,980

2014

$7,197

$10,640 + $49,350

$59,990

Tax history for 18405 Newell Rd

Year

Property tax

Land + Additions

Assessment*

2025

$6,818 (+13.2%)

$15,890 + $49,740

$65,630

2024

$6,023 (−30.4%)

$15,890 + $49,740

$65,630

2023

$8,656 (+4.3%)

$11,970 + $63,250

$75,220

2022

$8,302 (+0.3%)

$11,970 + $63,250

$75,220

2021

$8,275 (+3.4%)

$11,970 + $63,250

$75,220

2020

$8,003 (+1.4%)

$10,890 + $57,510

$68,400

2019

$7,889 (−0.6%)

$10,890 + $57,510

$68,400

2018

$7,935 (−1.4%)

$10,890 + $57,510

$68,400

2017

$8,045 (+2.5%)

$11,690 + $54,290

$65,980

2016

$7,845 (+2.9%)

$11,690 + $54,290

$65,980

2015

$7,621 (+5.9%)

$11,690 + $54,290

$65,980

2014

$7,197

$10,640 + $49,350

$59,990

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

Baths

Stories

2.5

Lot width

45 ft.

Lot depth

150 ft.

Lot size

6,752 Sq. Ft.

Year renovated

1972

Sq. Ft.

3,094

Year built

1928

Style

Multi-Family (2-4 Unit)

County

Cuyahoga County

APN

73620041

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Oct 12, 2026.

Property details

Parking

Garage/Carport Information
Has Garage
# of Garage Spaces: 3

Parking
Features: Concrete, Detached, Garage

Interior

Virtual Tour

Bathroom Information
# of Full Bathrooms: 3
# of Half Bathrooms: 1

Room Information
# of Rooms (Total): 13
Has Basement
Basement Information: Unfinished

Laundry Information
Features: Washer Hookup

Equipment
Appliances: Refrigerator

Interior Features
Window Features: Insulated Windows

Multi Unit Information
# Of Buildings: 1

Multi Unit Financial Information
Gross Income: $5,240

Exterior

Building Information
Stories: 2
Stories (Total): 2
Year Built Source: Public Records
Roof Details: Asphalt, Fiberglass
Construction Details: Cedar

Exterior Features
Fencing: Partial

Lot Information
Lot Size Area: 0.155
Lot Size Acres: 0.155
Lot Size Source: Assessor

Property Information
Below Grade Finished Area Source: Assessor
Above Grade Finished Area: 3,094
Above Grade Finished Area Source: Assessor
Updated/Remodeled

Financial

Tax Information
Annual Tax Amount: $6,023
Tax Year: 2024

Utilities

Utility Information
Sewer: Public Sewer
Water Source: Public

Heating & Cooling
Has Heating
Heating: Hot Water, Steam

Public facts

Beds: 7
Baths: 3.0
Sq. Ft.: 3,094
Stories: 2.5
Lot Size: 6,752 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1928
Year Renovated: 1972
County: Cuyahoga County
APN: 73620041

Home facts updated by county records on Oct 12, 2026

Around this home

Schools

Lomond Elementary School

Public K-5 • Assigned • 0.2mi

4/10

Shaker Heights Middle School

Public 6-8 • Assigned • 1.3mi

7/10

Shaker Heights High School

Public 9-12 • Assigned • 1.2mi

7/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

2/10 Heat Factor

7 days above 95° expected this year, 16 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

3/10 Air Factor

3 unhealthy days expected this year, 5 days in 30 years

Provided by First Street

Historical weather

Shaker Heights, OH • 44122

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.1 hours in June and 2 hours in December, placing it below the U.S. average for solar exposure.

9.1 hrs

2 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$323,000 – $390,000

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New listings for sale in 44122

NEW 35 MINS AGO

$245,000

3 beds2 baths1,349 sq ft

3129 Warrensville Center Rd, Shaker Heights, OH 44122

OPEN SUN, 1PM TO 3PM

$165,000

3 beds2 baths1,845 sq ft

20508 Halifax Rd, Warrensville Heights, OH 44122

NEW 19 HRS AGO

$170,500

3 beds2 baths— sq ft

4245 Feiner Dr, Cleveland, OH 44122

OPEN SAT, 12PM TO 2PM

$339,000

4 beds2.5 baths1,836 sq ft

3455 Colton Rd, Shaker Heights, OH 44122

$549,900

2 beds2.5 baths2,566 sq ft

3264 Richmond Rd, Beachwood, OH 44122

OPEN SUN, 12PM TO 2PM

$459,000

4 beds3 baths1,910 sq ft

18329 Lomond Blvd, Shaker Heights, OH 44122

$469,900

4 beds2.5 baths2,321 sq ft

24911 S Woodland Rd, Beachwood, OH 44122

OPEN SUN, 2PM TO 4PM

$369,900

3 beds1.5 baths1,781 sq ft

23703 E Baintree Rd, Beachwood, OH 44122

$450,000

4 beds2.5 baths2,264 sq ft

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Home values near 18405 Newell Rd

Data from public records.

Address	Redfin Estimate
18423 Newell Rd, Shaker Heights, OH 3 Beds \| 2 Baths \| 1748 Sq. Ft.	$296,830
18410 Newell Rd, Shaker Heights, OH 4 Beds \| 3 Baths \| 2542 Sq. Ft.	$339,377

Address	Redfin Estimate
18313 Newell Rd, Shaker Heights, OH 7 Beds \| 3 Baths \| 3295 Sq. Ft.	$268,424
18332 Newell Rd, Shaker Heights, OH 6 Beds \| 3 Baths \| 3150 Sq. Ft.	$319,791

Address	Redfin Estimate
18320 Newell Rd, Shaker Heights, OH 4 Beds \| 3 Baths \| 3156 Sq. Ft.	$282,522
18328 Newell Rd, Shaker Heights, OH 6 Beds \| 3 Baths \| 2835 Sq. Ft.	$305,502

Property information provided by MLSNOW when last listed in 2026. This data may not match . Learn more.

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