About This Home

This 3-bedroom, 2-bathroom multi-family at 5432 State Road in Parma, OH is listed for $210,000. Built in 1930, on a 0.11 acres lot.

Key Features

  • Built in 1930
  • 0.11 acre lot
  • 2 stories

Property Details

2 stories
2 full
1930

Amenities

A/C
Listing Description

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.

Monthly Cost Estimate

$1,123/mo

20% down · 6.5% · 30 years

Principal$152
Interest$910
Insurance$61

Estimates only. Actual payments may vary.

Location

5432 State Road

Parma, OH 44134

George Blake

Property Details

Construction

VinylSiding

Parking

Parking Lot

Heating

Forced Air

Cooling

Central Air

Questions & Answers

This 3-bedroom, 2-bathroom multi-family at 5432 State Road is listed at $210,000. The estimated monthly payment is $1,123 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1930, 0.11 acre lot, 2 stories.

This property is listed by Chris Kilbane.

CK

Chris Kilbane

License 2013000956

Agent at Russell Real Estate Services

Listed by Russell Real Estate Services · Broker phone: (440) 268-9491 · View on Broker Site · Broker website

MLS# 5167940· Source: MLS Now· 365 days on PropertySimple

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.

5432 State Road, Parma, OH 44134

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