$210,000
PENDING $25K PRICE DROP

5432 State Rd Parma, OH 44134

Estimated payment $1,401/month

Total Views 8,577
3 Beds
2 Baths
-- Sq Ft
-- Price per Sq Ft

About This Home

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.

Listing Agent

Chris Kilbane

Russell Real Estate Services Brokerage Email: chriskilbanesells@gmail.com, 440-915-8257 License #2013000956 Listed on: 10/28/2025

Russell Real Estate Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,698

Year Built

  • Built in 1930

Parking

  • Parking Lot

Home Design

  • Fiberglass Roof
  • Asphalt Roof
  • Vinyl Siding

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • 2-Story Property
  • 4,988 Sq Ft Lot
  • Forced Air Heating and Cooling System
  • Unfinished Basement

Community Details

  • George Blake Subdivision

Listing and Financial Details

  • Assessor Parcel Number 443-30-135

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,698

Year Built

Built in 1930

Lot Details

4,988 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Subtype: Duplex
  • Year Built: 1930
  • Attribution Contact: chriskilbanesells@gmail.com, 440-915-8257
  • Subdivision Name: George Blake
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Tax Year: 2024
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Unfinished
  • Basement: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Stories: 2

Exterior Features

  • Roof: Asphalt, Fiberglass
  • Acres: 0.1145
  • Pool Private: No
  • Waterfront: No
  • Disclosures: Principal is Real Estate Licensed
  • Home Warranty: No
  • Construction Type: Vinyl Siding

Garage/Parking

  • Attached Garage: No
  • Parking Features: Parking Lot

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Forced Air
  • HeatingYN: Yes
  • Water Source: Public

Schools

  • Junior High Dist: Parma CSD - 1824

Lot Info

  • Lot Size Units: Acres
  • Parcel Number: 443-30-135

Multi Family

  • Gross Income: 2400.0

Tax Info

  • Tax Annual Amount: 3698.0

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,698 $39,935 $7,000 $32,935
2023 $3,276 $33,810 $7,700 $26,110
2022 $3,258 $33,810 $7,700 $26,110
2021 $3,349 $33,810 $7,700 $26,110
2020 $2,711 $30,730 $7,000 $23,730
2019 $2,786 $87,800 $20,000 $67,800
2018 $2,791 $30,730 $7,000 $23,730
2017 $2,825 $27,130 $9,210 $17,920
2016 $2,526 $27,130 $9,210 $17,920
2015 $2,820 $27,130 $9,210 $17,920
2014 $2,820 $30,840 $10,470 $20,370
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/30/2026 01/30/26 Pending -- -- --
01/30/2026 01/30/26 For Sale $210,000 0.0% --
12/31/2025 12/31/25 Pending -- -- --
12/23/2025 12/23/25 Price Changed $210,000 -2.3% --
12/05/2025 12/05/25 Price Changed $215,000 -4.4% --
11/26/2025 11/26/25 Price Changed $225,000 -1.7% --
11/17/2025 11/17/25 Price Changed $229,000 -2.6% --
10/28/2025 10/28/25 For Sale $235,000 -- --
Source: MLS Now

Purchase History

Date Type Sale Price Title Company
Warranty Deed $71,000 Chicago Title
Fiduciary Deed -- Rinaldi Anthony
Warranty Deed $70,000 Chicago Title Insurance Co
Survivorship Deed $100,000 Ohio Title Corporation
Deed $60,000 --
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $70,000 Construction
Previous Owner $80,000 Commercial
Source: Public Records

Source: MLS Now

MLS Number: 5167940

MLS Now

APN: 443-30-135

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