Single crystals of Pb1−3x▯xNd2x(MoO4)1−3x(WO4)3x (PNMWO) with scheelite-type structure, where ▯ denotes cationic vacancies, have been successfully grown by the Czochralski method in air and under 1 MPa. This paper presents the results of structural, optical, magnetic and electrical, as well as the broadband dielectric spectroscopy measurements of PNMWO single crystals. Research has shown that replacing diamagnetic Pb2+ ions with paramagnetic Nd3+ ones, with a content not exceeding 0.01 and possessing a screened 4f-shell, revealed a significant effect of orbital diamagnetism and Van Vleck’s paramagnetism, n-type electrical conductivity with an activation energy of 0.7 eV in the intrinsic area, a strong increase of the power factor above room temperature for a crystal with x = 0.005, constant dielectric value (~30) and loss tangent (~0.01) up to room temperature. The Fermi energy (~0.04 eV) and the Fermi temperature (~500 K) determined from the diffusion component of thermopower showed shallow donor levels.