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5432 State Road, 
Parma, OH 44134

$235,000


3

Beds


2

Baths


-

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Chris Kilbane

Russell Real Estate Services

440-572-3100

Last updated:

November 4, 2025, 03:20 PM

MLS#

5167940

Source:

OH NORMLS

About This Home

5432 State Road

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.

Home Facts

Multi-Family

2 Baths

3 Bedrooms

Built in 1930

Price Summary

235,000

MLS #:

5167940

Last Updated:

November 4, 2025, 03:20 PM

Added:

11 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2


Structure

Structure

Year Built:

1930


Lot

Lot Size (Sq. Ft):

4,987


Finances & Disclosures

Finances

Price:

$235,000

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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.