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Mixed-Use Property with Apartment
For Sale
$210,000
Pending

5432 State Road, Parma, OH 44134

ResidentialIncome, Parma, OH

Property SizeContact for details
Lot Size0.11 Acres
Days on Market312

Property Features for 5432 State Road

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 3
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2, Basement, Bedroom 1
Parking features Parking Lot
Subdivision George Blake
Elementary school district Parma CSD - 1824
Middle school district Parma CSD - 1824
High school district Parma CSD - 1824
Directions Brook Park Rd to South on State.
Standard status Pending
APN 443-30-135
Lot size 0.11 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description BLAKE O/L 3 NEXT S OFLOT 1 STATE VW ALLOT
Tax Annual Amount 3698
Legal Description BLAKE O/L 3 NEXT S OFLOT 1 STATE VW ALLOT

Utilities

Sewer type Public Sewer
Heating system Forced Air
Cooling system Central Air
Water source Public

Building Details

Year built 1930
Floors in Building 2
Building materials VinylSiding
Roof type Asphalt, Fiberglass
Listing Agency: Russell Real Estate Services
Listed By: Chris Kilbane · License #2013000956
Added: Oct 28, 2025 Changed: Sep 1 Last Checked: Sep 4 at 11:06PM
MLS# 5167940

Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Located at 5432 State Road in Parma, Ohio, this mixed-use property combines a ground-floor hair and nail salon with a three-bedroom apartment on the second level. The salon has been recently renovated and is subject to a two-year lease. The residential unit has also been updated and includes a living area, kitchen, three bedrooms, two bathrooms, and basement space.

The property occupies 0.1145 acres and was built in 1930. Exterior construction includes vinyl siding, while forced-air heating and central air conditioning serve the building. Public water and public sewer are in place, and a parking lot provides on-site parking for the commercial and residential components.

Key Highlights

  • Ground‑floor hair and nail salon with a recently renovated interior
  • Three‑bedroom second‑floor apartment with recent updates
  • Two‑year lease in place for the salon

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

503
Businesses Nearby

Demographics for 44134, OH

38,845
Population
17,436
Households
2.2
Avg Household Size
43
Median Age
26%
College-Educated
92%
High-School Grad
9.7 sq mi
ZIP Area
4,005
Density / Sq Mi
$67,116
Median Household Income
$43,625
Median Earnings
$1,108
Median Rent
$153,500
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Ground-floor salon space pairs with an updated three-bedroom apartment and dedicated parking.
Where is this mixed-use property located?
The property is located at 5432 State Road Parma, OH.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Ground‑floor hair and nail salon with a recently renovated interior; Three‑bedroom second‑floor apartment with recent updates; Two‑year lease in place for the salon
More about this property
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