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$210,000 Sale Pending
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Property Description
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.
Full Property Details
Full Property Details for 5432 State Rd
General
- Price: $210,000
- Taxes: $3,698 (2024)
- Status: Pending
- Type: Duplex
- Source: 505
- MLS ID: 5167940
- Updated: 1/31/2026
- Added to Site: 196 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Parking
- Parking Features: Parking Lot
Location
- County: Cuyahoga
- Township: Parma
- Subdivision: George Blake
- Driving Directions: Brook Park Rd to South on State.
School Information
- Elem School District: Parma CSD - 1824
- Midd School District: Parma CSD - 1824
- High School District: Parma CSD - 1824
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- # Buildings: 1
- Construction: Vinyl Siding
- Basement: Yes
- Basement Desc.: Unfinished
- Roof: Asphalt, Fiberglass
- Stories/Levels: 2
- Year Built: 1930
- Year Built Source: Public Records
Lot Features
- Lot Size (Acres): 0.1145
- Lot Size: .1145
- Lot Size Source: Assessor
Financial Considerations
- Tax Amount: $3,698
- Tax Year: 2024
Disclosures and Reports
- Legal Description: BLAKE O/L 3 NEXT S OFLOT 1 STATE VW ALLOT
- Disclosures/Rstr.: Principal is Real Estate Licensed
- Property ID: 443-30-135
Listed by Russell Real Estate Services, Chris Kilbane
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Schools
Schools serving 5432 State Rd
School District:Parma City School District
| Name | Grades | Distance |
|---|---|---|
Thoreau Park Elementary School 5401 W 54th St, Parma, OH 44129 | K-4 | 0.6 mi |
Shiloh Middle School, Parma, OH 2303 Grantwood Drive, Parma, OH 44134 | 5-7 | 1.4 mi |
Normandy High School 2500 West Pleasant Valley Road, Parma, OH 44134 | 8-12 | 3.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5432 State Rd
Date
Details
Price
Change
Source
12/23/2025
Price Reduced
$210,000
-2.33%
MLS
12/15/2025
Price Reduced
$215,000
-4.44%
MLS
11/26/2025
Price Reduced
$225,000
-1.75%
MLS
11/17/2025
Price Reduced
$229,000
-2.55%
MLS
10/28/2025
Listed
$235,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5432 State Rd
Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,081
-17%
$39,940
18%
2023
$3,698
14%
$33,810
—
2022
$3,258
-3%
$33,810
—
2021
$3,349
24%
$33,810
10%
2020
$2,711
-11%
$30,730
—
2019
$3,045
—
$30,730
—
2018
$3,056
8%
$30,730
13%
2017
$2,832
—
$27,130
—
2016
$2,818
17%
$27,130
—
2015
$2,412
-11%
$27,130
-12%
2014
$2,709
2%
$30,840
—
2013
$2,667
—
$30,840
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5432 State Rd
5432 State Road, Parma, OH 44134 (MLS# 5167940) is a Duplex property with 3 bedrooms and 2 full bathrooms. 5432 State Road is currently listed for $210,000 and was received on October 28, 2025. Want to learn more about 5432 State Road? Do you have questions about finding other Duplex real estate for sale in Parma? You can browse all Parma real estate or contact a Coldwell Banker agent to request more information.
