6118 Ridge Road, Parma, OH 44129
- Added:
- May 1, 2026
- Days on Market:
- 47
- Last Refresh:
- Jun 16 at 7:06 pm
Property Features for 6118 Ridge Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bedroom 3, Bedroom 5, Bathroom 1, Bedroom 4, Bedroom 1, Bathroom 3, Bathroom 5, Bathroom 6, Bathroom 4, Laundry Room, Basement, Bedroom 2, Bathroom 2, Bedroom 6
- Appliances
- Dryer, Dishwasher, Range, Refrigerator, Washer
- Standard status
- Pending
- APN
- 449-12-005
- Size
- 4,386 SF
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 4 RDGW#2 3058 ALL
- Tax Annual Amount
- 8516
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas, Steam, Hot Water(Heating)
- Water source
- Public
Building Details
- Year built
- 1945
- Floors in Building
- 3
- Building materials
- Brick
- Roof type
- Composition, Flat
Listing agent Halle C Rahz License #2017001312 (330) 233-2090
Listing office Century 21 Homestar 31320 Solon Road, Suite 17, Solon, OH (440) 449-9100
Listing date May 1, 2026
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.
HighLights
- 6‑unit multifamily building built in 1945 with brick exterior and composition/flat roof
- Unit mix: five 1‑bedroom/1‑bath units (~500 sq ft each) plus one efficiency 1‑bath unit (~350 sq ft)
- Basement includes coin laundry for additional income
- Public utilities: public water and public sewer
- Heating includes forced air with natural gas, plus steam and hot water (heating)
- Recent between‑tenant updates include updated electrical boxes, hot water tank, double‑pane windows, and upgraded appliances; owner pays gas/electric for common areas and all water, sewer, garbage, and snow removal
Overview
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $83.7k | $19.08 |
| − Vacancy | −$4.9k | −$1.11 |
| EGI | $78.8k | $17.97 |
| − OpEx | −$35.5k | −$8.09 |
| NOI | $43.4k | $9.89 |
Alternative Uses
Current Use by Public Records
Map
- City
- Parma
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.735049
- Latitude
- 41.396649
