5432 State Rd Parma, OH 44134
Parma AreaEstimated payment $1,453/month
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
Russell Real Estate Services Brokerage Email: chriskilbanesells@gmail.com, 440-915-8257 License #2013000956 Listed on: 10/28/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,698
Year Built
- Built in 1930
Parking
- Parking Lot
Home Design
- Duplex
- 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
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $3,622 | $39,935 | $7,000 | $32,935 |
| 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 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $70,000 | Construction | |
| Previous Owner | $80,000 | Commercial |
Source: MLS Now
MLS Number: 5167940
APN: 443-30-135
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Ask me questions while you tour the home.