Spacious Tudor Duplex in
6511 Laverne Avenue, Parma, OH 44129
- Added:
- Apr 14, 2026
- Days on Market:
- 33
- Last Refresh:
- May 16 at 7:06 pm
Property Features for 6511 Laverne Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 3
- Rooms
- Basement, Bedroom 3, Bathroom 2, Laundry Room, Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 2, Bathroom 3
- Parking features
- Driveway, Garage
- Window features
- Drapes
- Interior features
- BuiltInFeatures, CeilingFans, EntranceFoyer, LaminateCounters, Storage, NaturalWoodwork
- Exterior features
- Balcony
- Fencing
- Fenced, Privacy
- Standard status
- Pending
- APN
- 443-18-108
- Size
- 2,324 SF
- Lot size
- 0.13 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 4 GRDVW PK S/L A 0176 ALL
- Tax Annual Amount
- 4759
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Cooling system
- Window Unit(s), Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 1936
- Floors in Building
- 3
- Building materials
- Cedar
- Roof type
- Shingle
- Additional Structures
- Storage
Listing agent Janet S Gallucci License #2014001800 (440) 759-7882
Listing office EXP Realty, LLC. 159 Crocker Park Blvd. #400, Dublin, OH (866) 212-4991
Listing date Apr 14, 2026
MLS# 5201211
Listing URL
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
- Expansive, unfinished third‑floor attic (over 1,100 sq ft) with vinyl windows, electric, and A/C offers significant potential.
- Each unit features 2 bedrooms, 1 bath, hardwood floors, living room with decorative fireplace, formal dining room with built‑in cabinetry, and a kitchen with breakfast nook.
- Recent updates include two new furnaces, updated ductwork, newer electrical panel, newer roof, two new rear decks, and freshly painted common areas.
- Each unit includes one space in a 2‑car garage with power door, plus shared basement access with laundry and a remodeled third full bathroom.
- Long‑term tenants with month‑to‑month leases and below‑market rents provide immediate upside potential for investors.
- Located on a quiet street within walking distance to shopping, dining, and everyday amenities.
Overview
This spacious Tudor-style duplex is located in Parma, Ohio. It is a well-maintained property that presents an opportunity for investors and owner-occupants. The property features long-term tenants with flexible month-to-month leases and current rents below market. Each unit offers a layout with 2 bedrooms, 1 full bath, and hardwood floors. The living rooms feature decorative fireplaces, while formal dining rooms include built-in cabinetry. The kitchens come equipped with a range and refrigerator and open to a breakfast nook. Additional features include shared basement access with laundry, a remodeled full third bathroom, and storage space. Each unit also includes one space in the 2-car garage with a power door, plus a fenced backyard. The property includes an expansive third-floor attic space of over 1,100 sq ft, complete with vinyl replacement windows, electric, and its own A/C unit. Recent updates include two new furnaces with updated ductwork, a newer electrical panel, a newer roof, two brand-new rear decks, and freshly painted common areas. Situated on a quiet street, the property is located within walking distance to shopping, dining, and everyday amenities. The lot size is 0.1318 acres and the property size is 2,324 square feet.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$273.8K
NOI $24,641 @ 9.00% cap · cautious / downside scenario
Moderate
$352.0K
NOI $24,641 @ 7.00% cap · market / base-case scenario
Aggressive
$492.8K
NOI $24,641 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.6k | $16.20 |
| − Vacancy | −$2.4k | −$1.05 |
| EGI | $35.2k | $15.15 |
| − OpEx | −$10.6k | −$4.54 |
| NOI | $24.6k | $10.60 |
2,324 SF · lease $16.20/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$352.0K
$308.0K – $410.7K
NOI $24,641 @ 7.0% cap · market cap 8.35%
Second Best
Apartment 5plus
$328.2K
$287.2K – $382.9K
NOI $22,974 @ 7.0% cap · market cap 7.79%
Theoretical Best
Warehouse
$1.86M
$1.63M – $2.17M
NOI $130,346 @ 7.0% cap · market cap 44.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Parma
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.7295924
- Latitude
- 41.4149107
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Well-maintained duplex with upside potential in a sought-after rental market.
Where is this duplex located?
The property is located at 6511 Laverne Avenue Parma, OH.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Expansive, unfinished third‑floor attic (over 1,100 sq ft) with vinyl windows, electric, and A/C offers significant potential.; Each unit features 2 bedrooms, 1 bath, hardwood floors, living room with decorative fireplace, formal dining room with built‑in cabinetry, and a kitchen with breakfast nook.; Recent updates include two new furnaces, updated ductwork, newer electrical panel, newer roof, two new rear decks, and freshly painted common areas.
