5432 State Rd
Parma, OH 44134
- 3 Beds
- 2 Baths
3 Beds
2 Baths
Local Information
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Description
Introducing a rare investment opportunity in a thriving community! This mixed-use property in Parma features a hair and nail salon on the ground floor, along with a spacious three-bedroom apartment above. This unique property combines the benefits of a stable commercial tenant with the potential for reliable residential rental income. The recently renovated hair and nail salon has just signed a two-year lease ($1200 a month), ensuring a consistent income stream for the new owner. The attractive storefront and prime location offer excellent visibility and foot traffic, contributing to the ongoing success of the business. The second floor is home to a beautifully maintained three-bedroom apartment, providing ample space and modern amenities for tenants and recently updated through out. With a spacious living area, well-appointed kitchen, and generous bedrooms, this apartment offers comfortable living in a convenient location. Investors seeking a diversified revenue stream and a prime location in a bustling neighborhood. Take advantage of the stable commercial tenant, the updated residential unit, and the property's excellent visibility to secure a strong return on your investment.
Home Highlights
Parking
Parking Lot
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
180+ days ago
Home Details for 5432 State Rd
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MLS Status: Pending |
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Interior Details Basement: Unfinished |
Beds & Baths Number of Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 2 |
Heating & Cooling Heating: Forced AirHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Forced Air |
Levels, Entrance, & Accessibility Stories: 2Levels: Two |
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Exterior Home Features Roof: Asphalt FiberglassNo Private Pool |
Parking & Garage No CarportNo GarageNo Attached GarageParking: Parking Lot |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
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Cumulative Days on Market: 65Days on Market: 180+ |
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Year Built Year Built: 1930 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Duplex, Multi Family |
Building Construction Materials: Vinyl SidingDoes Not Include Home Warranty |
Property Information Parcel Number: 44330135 |
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Price List Price: $210,000 |
Status Change & Dates Off Market Date: Fri Jan 30 2026Possession Timing: Negotiable |
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Direction & Address City: ParmaCommunity: George Blake |
School Information Elementary School District: Parma CSD - 1824Jr High / Middle School District: Parma CSD - 1824High School District: Parma CSD - 1824 |
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Listing Agent Listing ID: 5167940 |
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Association for this Listing: Akron Cleveland Association of REALTORS |
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Lot Area: 4987.62 sqft |
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BasementMls Number: 5167940Living Area Range Units: Square FeetAttribution Contact: chriskilbanesells@gmail.com, 440-915-8257 |
Last check for updates: about 1 hour ago
Listing Provided by: Chris Kilbane, (440) 915-8257
Russell Real Estate Services
Originating MLS: Akron Cleveland Association of REALTORS
Source: MLS Now, MLS#5167940

Also Listed on MLS Now.
Market trends in Parma
Last updated May 2026
Avg. sale price
$225K $17KMoM
Sale-to-List Price
99.9% 0.4%MoM
Price per sq ft
$138 $1MoM
Available listings
143 2MoM
Price History for 5432 State Rd
| Date | Price | Event | Source |
|---|---|---|---|
| 01/31/2026 | $210,000 | Pending | MLS Now #5167940 |
| 01/30/2026 | $210,000 | PendingToActive | MLS Now #5167940 |
| 01/01/2026 | $210,000 | Pending | MLS Now #5167940 |
| 12/23/2025 | $210,000 | PriceChange | MLS Now #5167940 |
| 12/05/2025 | $215,000 | PriceChange | MLS Now #5167940 |
| 11/26/2025 | $225,000 | PriceChange | MLS Now #5167940 |
| 11/17/2025 | $229,000 | PriceChange | MLS Now #5167940 |
| 10/28/2025 | $235,000 | Listed For Sale | MLS Now #5167940 |
| 01/09/2018 | $70,000 | Sold | MLS Now #3931657 |
| 02/14/2001 | $100,000 | Sold | N/A |
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Property Tax and Assessment
| Year | 2024 |
|---|---|
| Tax | $3,081 |
| Assessment | $114,100 |
Home facts updated by county records
Comparable Sales for 5432 State Rd
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.30 | Multi-Family Home | $265,000 | 06/08/26 | 4 | 2 | 2,232 | |
0.49 | Multi-Family Home | $237,000 | 01/05/26 | 3 | 2 | 1,460 | |
0.20 | Multi-Family Home | $220,000 | 06/24/25 | 4 | 2 | 2,160 | |
0.15 | Multi-Family Home | $200,000 | 09/08/25 | 6 | 2 | - | |
0.43 | Multi-Family Home | $233,500 | 05/24/26 | 4 | 2.5 | 2,664 | |
0.33 | Multi-Family Home | $310,000 | 03/17/26 | 6 | 2 | 2,240 | |
0.56 | Multi-Family Home | $227,000 | 11/04/25 | 5 | 2 | 1,952 | |
0.89 | Multi-Family Home | $175,000 | 06/05/26 | 3 | 2 | 1,533 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 5432 State Rd.
What Locals Say about Parma
At least 575 Trulia users voted on each feature.
95 % Say there are sidewalks
91 % Say it's dog friendly
85 % Say parking is easy
84 % Say car is needed
83 % Say yards are well-kept
75 % Say there's holiday spirit
74 % Say kids play outside
71 % Say people would walk alone at night
70 % Say there's wildlife
68 % Say streets are well-lit
60 % Say it's walkable to restaurants
60 % Say it's quiet
57 % Say it's walkable to grocery stores
55 % Say neighbors are friendly
48 % Say they plan to stay for at least 5 years
23 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Chris Kilbane, Russell Real Estate Services
Agent Phone: (440) 915-8257

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MLS NOW. Real estate listings held by brokerage firms other than Zillow, Inc. are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). Zillow, Inc. does not display the entire MLS NOW IDX database on this website. The listings of some real estate brokerage firms have been excluded. Information is deemed reliable but not guaranteed. Copyright 2026 - Multiple Listing Service, Inc. – All Rights Reserved.
5432 State Rd, Parma, OH 44134 is a 3 bedroom, 2 bathroom multi-family built in 1930. This property is currently available for sale and was listed by MLS Now on Oct 28, 2025. The MLS # for this home is MLS# 5167940.

