5432 State Road Parma, OH $ 215,000
5432 State Road
$ 215,000
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5432 State Road

Parma, OH, 44134
$ 215,000
Bedrooms3 Baths2.0

Monthly Estimate*

$ 1,341

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Multi-Family Home for sale in Parma, OH

for $215,000 with 3 bedrooms and 2 full baths. This home was built in 1930 on a lot size of 0.1145.

Introducing a rare investment opportunity in a thriving community! This mixed-use property in Parma features a hair and nail salon on the ground floor, along with a spacious three-bedroom apartment above. This unique property combines the benefits of a stable commercial tenant with the potential for reliable residential rental income. The recently renovated hair and nail salon has just signed a two-year lease ($1200 a month), ensuring a consistent income stream for the new owner. The attractive storefront and prime location offer excellent visibility and foot traffic, contributing to the ongoing success of the business. The second floor is home to a beautifully maintained three-bedroom apartment, providing ample space and modern amenities for tenants and recently updated through out. With a spacious living area, well-appointed kitchen, and generous bedrooms, this apartment offers comfortable living in a convenient location. Investors seeking a diversified revenue stream and a prime location in a bustling neighborhood. Take advantage of the stable commercial tenant, the updated residential unit, and the property's excellent visibility to secure a strong return on your investment.

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Multi-Family Active

Price

$ 215,000

Bedrooms

3

Full Bath

2

Property Type

Multi-Family

Taxes

$ 3,698

Style

Lot Size

0.1145

Year Built

1930

Town/City

Parma

County/Region

Cuyahoga

MLS | Web ID

5167940

Features
General
Sewer Public Sewer
Heating Forced Air
Cooling Central Air
Possession Negotiable
Roof Asphalt Fiberglass
Construction Materials Vinyl Siding
Year Built 1930
Stories Count 2
Township Parma
Levels Two
Property Subtype Duplex
Tax Year 2024
Gross Income 2400
County Cuyahoga
Property Type Residential Income
Attached Garage false
Subdivision Name George Blake
Garage Y/N false
Full Baths 2
Status Active
Directions Brook Park Rd to South on State.
City Parma
Disclosures Principal is Real Estate Licensed
High School District Parma CSD - 1824
Lot Size Units Acres
Carport Y/N false
Tax Annual Amount 3698
Home Warranty Y/N false
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Parma CSD - 1824
Elementary School District Parma CSD - 1824
Year Built Source Public Records
Property Sub Type Additional Duplex
Legal Description BLAKE O/L 3 NEXT S OFLOT 1 STATE VW ALLOT
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Interior
Basement Unfinished
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Half Baths 0
Total Bedrooms 3
Main Level Bathrooms 0
Total Baths 2
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Exterior
Parking Features Parking Lot
Water Source Public
Lot Size Area 0.1145
Number of Buildings 1
Lot Size Acres 0.1145
Lot Size Source Assessor
Waterfront Y/N false
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* Excluded Features
List By
Chris Kilbane

Listing Agent

Russell Real Estate Services

Broker

chriskilbanesells@gmail.com

Email

Affordability Calculator

$1,649
Per Month
81%
19%
0%
Monthly Principal & Interest
$1,341
Monthly Property Taxes
$308
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4457930 Elementary School
4457950 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/5/2025$215,000 -4.44% Price Down
11/26/2025$225,000 -1.75% Price Down
11/17/2025$229,000 -2.55% Price Down
10/28/2025$235,000 Listed Price

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5432 State Road, Parma, OH, 44134 is a Multi-Family Home for sale at $215,000 with a lot size of 0.1145. 5432 State Road has 3 bedrooms, 2.0 baths, and was built in 1930. The property's zip code is 44134 which is in Parma, OH