5432 State Road

Sq. Ft.
/ Sq. Ft.
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per Sq. Ft.

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...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.
  1. Listed by Chris Kilbane • Russell Real Estate Services
    P: (440)-915-8257 C: (440)-915-8257 chriskilbanesells@gmail.com

Property Details for 5432 State Road

Subdivision Name
George Blake
Has Waterfront
No
LISTING UPDATED: 01/31/2026 08:08 AM

Property Details for 5432 State Road

StatusPending
MLS #5167940
Days on Market65
Taxes$3,698 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1930
Lot Size0.11 AC / 4,987 SF
CountyCuyahoga County

Location

Listing Courtesy of Russell Real Estate Services
Add your commute

Building Information for 5432 State Road

Stories2Residences-Year Built1930Building Size-Lot Size0.11 AC / 4,987 SF

Payment Calculator

$1,355 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,046

Property Taxes

$308

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 5432 State Road

Summary
Location and General Information
  • Directions: Brook Park Rd to South on State.
  • Latitude: 41.413539
  • Longitude: -81.710825
  • Township: Parma
Taxes and HOA
  • Parcel Number: 443-30-135
  • Tax Annual Amount: $3,698.00
  • Tax Legal Description: BLAKE O/L 3 NEXT S OFLOT 1 STATE VW ALLOT
  • Tax Year: 2024
School Information
  • Elementary School District: Parma CSD - 1824
  • High School District: Parma CSD - 1824
  • Middle or Junior School District: Parma CSD - 1824
Parking
  • Attached Garage: No
  • Carport: No
  • Garage: No
  • Parking Features: Parking Lot
Property
Lot Information
  • Lot Size Acres: 0.1145
  • Lot Size Area: 0.1145
  • Lot Size Source: Assessor
  • Lot Size Units: Acres
Property and Assessments
  • Living Area: 0.0
  • Living Area Units: Square Feet
  • Year Built: 1930
  • Year Built Source: Public Records
Building Features
  • Construction Materials: Vinyl Siding
  • Levels: Two
  • Number of Buildings: 1
Utilities
  • Sewer: Public Sewer
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Basement: Unfinished
  • Has Basement: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 0
  • Total Bathrooms Integer: 2
  • Total Bedrooms: 3
  • Cooling: Central Air
  • Has Cooling: Yes
  • Heating: Forced Air
  • Has Heating: Yes
  • Main Level Bathrooms: 0
Exterior Features
  • Private Pool: No
  • Roof: Asphalt, Fiberglass
  • Stories: 2
Multi Family
Income & Expenses
  • Gross Income: $2,400.00
Unit Information
Unit 1
  • Actual Rent: $1,200.00
  • Total Bathrooms: 1
  • Total Bedrooms: 0
  • Leased: Yes
  • Occupant Type: Occupied
  • Type: Managers Unit
Unit 2
  • Total Bathrooms: 1
  • Total Bedrooms: 3
  • Leased: No
  • Occupant Type: Vacant
  • Type: Three Bedroom

Property History for 5432 State Road

DateEvent & SourcePriceAppreciation
Jan 30, 2026

Contract Signed

MLS Now #5167940

Dec 23, 2025

Price Change

MLS Now #5167940

$210,000
Oct 28, 2025

Listed (Active)

MLS Now #5167940

$235,000
DateEvent & SourcePrice
01/30/2026

Contract Signed

MLS Now #5167940

12/23/2025

Price Change

MLS Now #5167940

$210,000
10/28/2025

Listed (Active)

MLS Now #5167940

$235,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 5432 State Road

Taxable ValueLand$7,700Additions$26,110Total$33,810
Tax Record2021$3,349 ($279 / month)
Home Facts
Baths2Total Finished SqFt2,014 SqFtAbove Grade Finished SqFt2,014 SqFtUnfinished Basement SqFt962 SqFtStories2Lot Size4,988 SqFtStyleWarehouseYear Built1930Year Renovated1962ZoningRBCountyCUYAHOGAAPN443-30-135

Schools near 5432 State Road

This home is within Parma City School District.
Rating
School
Type
Grades
Distance
Public - K to 4
Public - 5 to 8
Public - 9 to 12
Public - K to 4
Rating
School
Distance
Thoreau Park Elementary School
PublicK to 4

Shiloh Middle School
Public5 to 8

Normandy High School
Public9 to 12

Parma Park Elementary School
PublicK to 4

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Russell Real Estate Services

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