Brick Side-by-Side
New
For Sale
$350,000
5144 Orchard Park Drive, Parma, OH 44134
MULTI_FAMILY - Parma, OH
Property Size2,436 SF
Lot Size0.50 Acres
Price / SF$143.68
Days on Market1
Property Features for 5144 Orchard Park Drive
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bathroom 2, Bathroom 4, Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 2, Laundry Room, Bedroom 1
Parking features
Garage
Exterior features
PrivateYard
Subdivision
Highland Orchards
Elementary school district
Parma CSD - 1824
Middle school district
Parma CSD - 1824
High school district
Parma CSD - 1824
Directions
Orchard Park Drive btwn state and ridge.
Standard status
Active
APN
450-09-021
Size
2,436 SF
Lot size
0.50 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
11 HIGH ORCH 0126 ALL
Tax Annual Amount
4524
Legal Description
11 HIGH ORCH 0126 ALL
Utilities
Sewer type
Septic Tank
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
central air
laundry room
rear porch
family room
Building Details
Year built
1969
Floors in Building
2
Building materials
Brick
Roof type
Fiberglass, Asphalt
Listing Agency:
Keller Williams Elevate · Keller Williams Realty
(440) 572-1200
Listed By:
Antonio Biasiotta · License #2015003682
(440) 223-0575
Added: Aug 10
Last Checked: Aug 10 at 9:06PM
MLS# 5235333
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.
This side-by-side duplex contains 2,436 square feet across two residences on a 0.4995-acre parcel. Each unit includes 3 bedrooms and 2 full bathrooms, with parquet flooring on the main level, hardwood flooring upstairs, a family room, central air, and a laundry room near the kitchen. Rear porches extend from the back bedrooms, while brick construction, a garage, and a private yard add to the property’s physical features.
Built in 1969, the property has a 7-year-old roof with fiberglass and asphalt materials. Public water and a septic tank serve the property. Located at 5144 Orchard Park Drive in Parma, Ohio, the duplex offers a configuration suited to living in one residence while leasing the other or operating both as rental units.
Built in 1969, the property has a 7-year-old roof with fiberglass and asphalt materials. Public water and a septic tank serve the property. Located at 5144 Orchard Park Drive in Parma, Ohio, the duplex offers a configuration suited to living in one residence while leasing the other or operating both as rental units.
Key Highlights
- Side‑by‑side duplex with 2,436 square feet combined
- Each unit includes 3 bedrooms and 2 full bathrooms
- Situated on a 0.4995‑acre lot at 5144 Orchard Park Drive
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,798
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.80%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$615,960
$616.0K
Cap Rate 7%
$439,971
$440.0K
Cap Rate 9%
$342,200
$342.2K
Market Conditions
NOI Build-Up for 2,436 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$59.6K $24.48/SF
− Vacancy
−$3.6K −$1.49/SF
EGI
$56.0K $22.99/SF
− OpEx
−$25.2K −$10.34/SF
NOI
$30.8K $12.64/SF
Area
ZIP 44134
Vacancy
6.10%
Lease Rate
$24.48 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$615,960
Cap Rate 7%
$439,971
Cap Rate 9%
$342,200
Alternative Uses
Best Use
Multifamily LT 5
$486.5K
$425.7K – $567.6K
NOI $34,056 @ 7.0% cap · market cap 9.73%
Second Best
Apartment 5plus
$440.0K
$385.0K – $513.3K
NOI $30,798 @ 7.0% cap · market cap 8.80%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
495
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two matching residences offer three-bedroom layouts, central air, private outdoor space, and separate laundry areas.
Where is this duplex located?
The property is located at 5144 Orchard Park Drive Parma, OH.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Side‑by‑side duplex with 2,436 square feet combined; Each unit includes 3 bedrooms and 2 full bathrooms; Situated on a 0.4995‑acre lot at 5144 Orchard Park Drive
