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    Cleveland, OH Parma Heights, OH North Royalton, OH Independence, OH Brooklyn, OH Seven Hills, OH Brook Park, OH Middleburg Heights, OH
    Parma Multifamily Investment Opportunity
    Updated: May 1
    Parma Multifamily Investment Opportunity

    6118 Ridge Road, Parma, OH 44129

    $560,000
    4,386 sqft 0.18 AC lot
    6‑unit multi‑family building in Parma, Ohio, about 10 minutes from Downtown Cleveland
    Brick exterior with recently updated driveway and parking pad
    Basement includes coin laundry for additional income
    Unit mix: 5 units with 1 bed/1 bath (~500 SF each) plus 1 efficiency unit with 1 bath (~350 SF)
    Updates include electrical boxes, hot water tank, double‑pane windows, and upgraded appliances between tenants
    View details
    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 35 Potential Opportunities for your consideration. Besides 1 Active listings in Parma, OH, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 26 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    All-Brick Mixed-Use 16-Unit Building
    All-Brick Mixed-Use 16-Unit Building

    4316 Pearl Road, Cleveland, OH 44109

    $875,000
    19,518 sqft

    Mixed-use income property with street-level retail and apartments, each served by separate heating and utilities.

    View details
    Six-Unit Apartment Building
    Six-Unit Apartment Building

    3865 W 40th St, Cleveland, OH 44105

    $550,000
    9,600 sqft

    Six-unit income property with four recently renovated units and separate gas and electric metering.

    View details
    Six-Unit Apartment Building with Parking
    Six-Unit Apartment Building with Parking

    2109 Halstead Ave, Lakewood, OH 44107

    $259,900

    Six-unit multifamily with off-street parking and electric baseboard heat in each unit, with owner-paid water/sewer.

    View details
    Renovated 7-Unit Apartment Building
    Renovated 7-Unit Apartment Building

    2066 Robin St, Lakewood, OH 44107

    Contact for pricing
    6,394 sqft 0.19 AC lot

    Seven-unit apartment building with 5 one-bedroom and 2 two-bedroom units; renovations completed throughout 2022.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

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    Central Business Zoned Development Land
    Central Business Zoned Development Land

    107 HOWARD Street, La Plata, MD 20646

    $250,000
    0.23 AC lot

    Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

    View details
    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    View details
    Detached Two-Family Residence
    Detached Two-Family Residence

    69 Martense Street, Brooklyn, NY 11226

    $1,888,888
    0.10 AC lot

    Detached two-family home with two 3-bedroom apartments and a semi-finished basement featuring a separate entrance.

    View details

    Off-Market Properties in Parma, OH

    Consider similar Off-Market properties in Parma, OH. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    Park Dr
    APARTMENT HOUSE (5+ UNITS)

    Park Dr, Parma, OH 44134

    Value Estimation by Request
    2.59 AC lot
    View details
    Broadview Rd
    APARTMENT HOUSE (5+ UNITS)

    Broadview Rd, Parma, OH 44134

    Value Estimation by Request
    0.31 AC lot
    View details
    Broadview Rd
    APARTMENT HOUSE (5+ UNITS)

    Broadview Rd, Parma, OH 44134

    Value Estimation by Request
    1.35 AC lot
    View details
    Ames Rd
    GARDEN APT, COURT APT (5+ UNITS)

    Ames Rd, Parma, OH 44129

    Value Estimation by Request
    2.01 AC lot
    View details
    Rdg Rd
    APARTMENT HOUSE (5+ UNITS)

    Rdg Rd, Parma, OH 44129

    $1,090,000
    Estimated value
    0.17 AC lot
    View details
    7737 Rdg Rd
    APARTMENT HOUSE (5+ UNITS)

    7737 Rdg Rd, Parma, OH 44129-6648

    Value Estimation by Request
    3,136 sqft 1.08 AC lot
    View details
    6029 State Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

    6029 State Rd, Parma, OH 44134-2869

    Value Estimation by Request
    1,510 sqft 0.19 AC lot
    View details
    6891 State Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

    6891 State Rd, Parma, OH 44134-4673

    Value Estimation by Request
    4,356 sqft 0.29 AC lot
    View details
    6539 Roycroft Dr
    APARTMENT HOUSE (UNDER 5 UNITS)

    6539 Roycroft Dr, Parma, OH 44129-5532

    Value Estimation by Request
    2,754 sqft 0.23 AC lot
    View details
    5451 Broadview Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

    5451 Broadview Rd, Parma, OH 44134-7807

    Value Estimation by Request
    4,056 sqft 0.25 AC lot
    View details
    Whittington Dr
    APARTMENT HOUSE (5+ UNITS)

    Whittington Dr, Parma, OH 44129

    Value Estimation by Request
    0.12 AC lot
    View details
    7310 Whittington Dr
    APARTMENT HOUSE (5+ UNITS)

    7310 Whittington Dr, Parma, OH 44129-4465

    Value Estimation by Request
    0.12 AC lot
    View details
    5519 Pearl Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

    5519 Pearl Rd, Parma, OH 44129-2552

    Value Estimation by Request
    4,230 sqft 0.51 AC lot
    View details
    6326 Canterbury Rd
    APARTMENT HOUSE (5+ UNITS)

    6326 Canterbury Rd, Parma, OH 44129

    Value Estimation by Request
    0.11 AC lot
    View details
    Rdg Rd
    APARTMENT HOUSE (5+ UNITS)

    Rdg Rd, Parma, OH 44129

    Value Estimation by Request
    4,320 sqft 0.05 AC lot
    View details
    5376 Broadview Rd
    APARTMENT HOUSE (5+ UNITS)

    5376 Broadview Rd, Parma, OH 44134-1623

    Value Estimation by Request
    0.15 AC lot
    View details
    7689 York Rd
    GARDEN APT, COURT APT (5+ UNITS)

    7689 York Rd, Parma, OH 44130-7303

    Value Estimation by Request
    0.73 AC lot
    View details
    5873 State Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

    5873 State Rd, Parma, OH 44134-2851

    Value Estimation by Request
    2,474 sqft 0.24 AC lot
    View details
    7022 State Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

    7022 State Rd, Parma, OH 44134-4972

    $565,000
    Estimated value
    3,920 sqft 1.14 AC lot
    View details
    6242 Rdg Rd
    APARTMENT HOUSE (UNDER 5 UNITS)

    6242 Rdg Rd, Parma, OH 44129-4469

    Value Estimation by Request
    2,916 sqft 0.35 AC lot
    View details
    5223 52Nd St
    Multifamily properties

    5223 52Nd St, Parma, OH 44134

    Value Estimation by Request
    1,728 sqft
    View details
    5820 Woolman Ct
    APARTMENT HOUSE (5+ UNITS)

    5820 Woolman Ct, Parma, OH 44130-1065

    Value Estimation by Request
    0.64 AC lot
    View details
    Snow Rd
    APARTMENT HOUSE (5+ UNITS)

    Snow Rd, Parma, OH 44130

    Value Estimation by Request
    0.35 AC lot
    View details

    Parma, OH Apartment Buildings Market Trends and Statistics

    Explore 27 apartment buildings for sale in Parma, OH on our real estate platform. These investment opportunities span a total of 4,386 square feet of properties for sale, with an estimated market value of $560,000.

    Sale prices for two-family homes in Parma, OH start at $560,000, averaging $560,000, and reaching up to $560,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 137K
    Population Growth (5Y) +0.9%
    Median Household Income $72,344
    College Educated 39.4%

    High-Yield Neighborhoods for Investment

    Identify Parma submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    Cleveland - 44129 $560K

    Listings Trend

    New vs delisted commercial listings in Cuyahoga County

    New Delisted

    Total CRE Inventory on Market (SF)

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