All-Brick Side-by-Side
For Sale
$350,000
5144 Orchard Park Dr, Parma, OH 44134
Two three-bedroom residences share a half-acre parcel with central air, private laundry areas, and rear porches.
Property Size2,436 SF
Lot Size0.50 Acres
Price / SF$143.68
Days on Market9
Property Features for 5144 Orchard Park Dr
General Information
Standard status
Active
Size
2,436 SF
Lot size
0.50 Acres
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,524
Amenities
central air
laundry room
rear porch
Building Details
Buildings
1
Construction
brick
Listing Agency:
Keller Williams Elevate
(440) 223-0575
Listed By:
Antonio Biasiotta · License #2015003682
(440) 223-0575
Source:
Exprealty
Added: Aug 10
Changed: Aug 16
Last Checked: Aug 17 at 9:35PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Elevate
Investment Insights
Based on property information with market context.
This side-by-side duplex at 5144 Orchard Park Dr in Parma, OH contains 2,436 square feet across two residential units. Each residence has 3 bedrooms and 2 full bathrooms, with a main-level family room, parquet flooring on the main floor, hardwood upstairs, central air, and a laundry room positioned near the kitchen. Rear porches extend from the back bedrooms, adding outdoor space to both units.
The property sits on a half-acre lot and features all-brick construction. A 7-year-old roof is among the major physical improvements. The two-unit layout provides separate residences within one building, with each side offering the same bedroom and bathroom count.
The property sits on a half-acre lot and features all-brick construction. A 7-year-old roof is among the major physical improvements. The two-unit layout provides separate residences within one building, with each side offering the same bedroom and bathroom count.
Key Highlights
- 2,436‑square‑foot side‑by‑side duplex
- Each unit has 3 bedrooms and 2 full bathrooms
- All‑brick construction on a half‑acre lot
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom residences share a half-acre parcel with central air, private laundry areas, and rear porches.
Where is this duplex located?
The property is located at 5144 Orchard Park Dr 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: 2,436‑square‑foot side‑by‑side duplex; Each unit has 3 bedrooms and 2 full bathrooms; All‑brick construction on a half‑acre lot
