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Parma, OH Multifamily Homes & Duplexes for Sale

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  • /40

    $239,900

    • 4 Beds
    • 2 Baths
    • 2,312 Sq Ft

    7601 Wooster Pkwy, Cleveland, OH 44129

    This well-maintained, cash-flowing duplex is an excellent opportunity for investors looking to add a strong income-producing property to their portfolio! Each unit features 2 bedrooms and 1 full bathroom, a spacious living room, a functional kitchen with an adjoining dining area, and access to a shared basement that offers additional storage and value-add potential. Both units also include a rear

    Mike Azzam RE/MAX Haven Realty

    7601 Wooster Pkwy, Cleveland, OH 44129
  • /41

    $265,000

    • 4 Beds
    • 2.5 Baths
    • 2,494 Sq Ft

    7414 Dorothy Ave, Cleveland, OH 44129

    Great investment property or Owner occupant opportunity with this spacious and solid Brick Duplex. Both units have open front porches and one garage space per unit. This home has 4 nicely sized bedrooms, plus first floor dining room was converted to a 3rd bedroom in the downstairs unit, and the upstairs unit dining room is being used as a 3rd bedroom and 3 bathrooms and is located in the St.

    Sold Sisters Russell Real Estate Services

    7414 Dorothy Ave, Cleveland, OH 44129
  • /15

    $249,900

    • 4 Beds
    • 2 Baths
    • 1,900 Sq Ft

    5886 State Rd, Parma, OH 44134

    Turnkey investment opportunity in Parma! Well-maintained duplex featuring two 2-bedroom, 1-bath units. One unit is occupied by reliable month-to-month tenant with a strong payment history, who would like to remain, providing immediate rental income with future flexibility. Professional property management is in place and can transfer to the new owner for a seamless transition. Each unit offers an

    Nathan Stallard M. C. Real Estate

    5886 State Rd, Parma, OH 44134
  • /2

    $159,999

    $60K PRICE DROP
    • 3 Beds
    • 2 Baths

    6618 Thornton Dr, Cleveland, OH 44129

    Cheapest duplex in Parma. Vacant and easy to show. Email agent for market rent roll & video tour along with complete investment analysis, drone footage, information on the mechanical systems of the building. Professional property management and renovation services available. Local & out of state investors welcome!

    James Wise The Holton-Wise Property Group LLC

    6618 Thornton Dr, Cleveland, OH 44129

Why Live in Parma

Parma, Ohio, the seventh largest city in the state, is a suburb located south of Cleveland. The city offers a variety of housing options, including bungalows, Ranch-style homes, classic Colonials, split-level residences, and Cape Cods, primarily built in the 1950s and 1960s. Despite the diverse housing stock, the market inventory is low, making it a competitive area for buyers and sellers. Children in Parma have access to highly rated schools within the Parma City School District. The city features numerous outdoor amenities, such as parks, nature preserves, playgrounds, and sports fields. James Day Park offers recreational activities like mini-golf, bocce ball, GaGa ball, and an outdoor Warrior Fitness Course. Residents can enjoy public pools at Walters Grove Park and Nike State Park, or the splash pad at Ridgewood Lake Park during warmer months. The community is surrounded by nature preserves, including Big Creek Reservation and West Creek Reserve, which provide hiking, birdwatching, and fishing opportunities. Shopping and dining options are abundant, with The Shoppes at Parma hosting popular brands and local establishments like Little Polish Diner and Rudy's Bakery. Each June, the Rib N Rock event attracts locals with ribs from various vendors and live bands. While Parma has a lower crime risk compared to the national average, air and noise pollution are notable concerns due to nearby industrial activities and Cleveland Hopkins International Airport. The city's proximity to major highways like Interstate 480 and West 130th Street facilitates travel to downtown Cleveland, which is approximately 10 miles away.

Home Price Trends

Median Sale Price
$249,900
Median Single Family Sale Price
$250,000
Median Townhouse Sale Price
$240,000
Median 2 Bedroom Sale Price
$184,950
Average Price Per Sq Ft
$143
Number of Homes for Sale
19
Last 12 months Home Sales
259
Months of Supply
0.90
Median List Price
$249,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
9%
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