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.
Pending
$210,000
5432 State Rd, Parma, OH 44134
3beds
--sqft
Duplex, Multi Family
Built in 1930
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Generous bedroomsAttractive storefrontWell-appointed kitchenBeautifully maintained three-bedroom apartmentModern amenities
- 240 days |
- 37 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Chris Kilbane 440-915-8257 chriskilbanesells@gmail.com,
Russell Real Estate Services
Source: MLS Now,MLS#: 5167940
Originating MLS: Akron Cleveland Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Forced Air
Cooling
- Central Air
Features
- Basement: Unfinished
Video & virtual tour
Property
Parking
- Parking features: Parking Lot
Features
- Levels: Two
- Stories: 2
Lot
- Size: 4,987 Square Feet
Details
- Parcel number: 44330135
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex, Multi Family
Materials
- Vinyl Siding
- Roof: Asphalt,Fiberglass
Condition
- Year built: 1930
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: George Blake
Location
- Region: Parma
Financial & listing details
- Tax assessed value: $114,100
- Annual tax amount: $3,698
- Date on market: 10/28/2025
- Cumulative days on market: 106 days
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 1/31/2026 | Pending sale | $210,000 |
Source: | ||
| 1/30/2026 | Listed for sale | $210,000 |
Source: | ||
| 1/1/2026 | Pending sale | $210,000 |
Source: | ||
| 12/23/2025 | Price change | $210,000-2.3% |
Source: | ||
| 12/5/2025 | Price change | $215,000-4.4% |
Source: | ||
| 11/26/2025 | Price change | $225,000-1.7% |
Source: | ||
| 11/17/2025 | Price change | $229,000-2.6% |
Source: | ||
| 10/28/2025 | Listed for sale | $235,000+235.7% |
Source: | ||
| 1/9/2018 | Sold | $70,000-30% |
Source: | ||
| 2/14/2001 | Sold | $100,000 |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $3,081 +11.6% | $39,940 +18.1% |
| 2023 | $2,761 +0.2% | $33,810 |
| 2022 | $2,756 -3.5% | $33,810 |
| 2021 | $2,857 +5.4% | $33,810 +10% |
| 2020 | $2,711 +2.4% | $30,730 |
| 2019 | $2,647 -13.4% | $30,730 |
| 2018 | $3,056 +7.9% | $30,730 +13.3% |
| 2017 | $2,832 +12.1% | $27,130 |
| 2016 | $2,526 | $27,130 |
| 2015 | $2,526 -10.4% | $27,130 -12% |
| 2014 | $2,820 | $30,840 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 44134
Nearby schools
GreatSchools rating
- 6/10Thoreau Park Elementary SchoolGrades: K-4Distance: 0.6 mi
- 4/10Shiloh Middle SchoolGrades: 5-8Distance: 1.5 mi
- 6/10Normandy High SchoolGrades: 9-12Distance: 3.6 mi
Schools provided by the listing agent
- District: Parma CSD - 1824
Source: MLS Now. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Ohio
- Cuyahoga County
- Parma
- 44134
- 5432 State Rd





