Closed
Last Sold Price
$450,000
6 beds4,386 sqft

6118 Ridge Road, Parma, OH 44129

Description

Don't miss the opportunity to own this 6 Unit Muiti-family building in a prime location for rental income! Located in Parma, Ohio -10 minutes from Downtown Cleveland, great neighborhood for renters, low maintenance building with brick exterior and recently updated driveway and parking pad. Basement with coin laundry for additional income. Great rental income growth potential verse comparables in area! All units have been maintained by the current owner. Professionally cleaned/painted after each tenant....Don't miss the opportunity to own this 6 Unit Muiti-family building in a prime location for rental income! Located in Parma, Ohio -10 minutes from Downtown Cleveland, great neighborhood for renters, low maintenance building with brick exterior and recently updated driveway and parking pad. Basement with coin laundry for additional income. Great rental income growth potential verse comparables in area! All units have been maintained by the current owner. Professionally cleaned/painted after each tenant. Updated electrical boxes, hot water tank, double pane windows, and appliances upgraded between tenants. Very low vacancy rate! This is a gem for any investor! Unit Mix:
5 - Units- l Bedroom, l Bath, approx. 500 sq ft. l Unit - Efficiency, 1 Bath, approx. 350 sq ft. Owner pays common area gas & electric, pays all water, sewer, garbage, and snow removal. Charges pet fees and coin laundry.
Multi FamilyProperty Type
0.18 acresLot Size
1945Year Built
$103/sq ftPrice per sq ft
  • Listed by: Halle C Rahz 330.233.2090 halle.rahz@gmail.com • Century 21 Homestar
Listing closed: 10/21/2026 12:00 AM
Source: MLS Now, MLS#: 5206072
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$3,112 per month

Principal and Interest

$2,402

Property Taxes

$710

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Property information

6118 Ridge Road

Property Details

  • Taxes: $8,516 / year
  • MLS Type: Residential Income / Quadruplex

Building Information

  • Stories: 3
  • Year Built: 1945
  • Lot Size: 0.18 AC / 7,710 SF

Summary

Location and General Information

  • Directions: OH-176 S and I-480 W to Ridge Rd. Take exit 15 from I-480 W. Drive to Ridge Rd in Parma.
  • Latitude: 41.396649
  • Longitude: -81.735049
  • Township: Parma

Taxes and HOA

  • Parcel Number: 449-12-005
  • Tax Annual Amount: $8,516.00
  • Tax Legal Description: 4 RDGW#2 3058 ALL
  • Tax Year: 2025

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: Asphalt, Common

Property

Lot Information

  • Lot Size Acres: 0.177
  • Lot Size Area: 0.177
  • Lot Size Source: Assessor
  • Lot Size Units: Acres

Property and Assessments

  • Above Grade Finished Area: 4386.0
  • Above Grade Finished Area Source: Public Records
  • Living Area: 4386.0
  • Living Area Units: Square Feet
  • Year Built: 1945
  • Year Built Source: Public Records

Building Features

  • Construction Materials: Brick
  • Levels: Three Or More
  • Number of Buildings: 1

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Interior and Exterior Features

Interior Features

  • Appliances: Dryer, Dishwasher, Range, Refrigerator, Washer
  • Basement: Common Basement, Concrete
  • Has Basement: Yes
  • Full Bathrooms: 6
  • Total Bathrooms Integer: 6
  • Total Bedrooms: 6
  • Cooling: None
  • Has Cooling: No
  • Heating: Forced Air, Gas, Hot Water, Steam
  • Has Heating: Yes
  • Laundry Features: Common Area, In Basement

Exterior Features

  • Private Pool: No
  • Roof: Composition, Flat
  • Stories: 3
  • Total Stories: 3

Unit Information

Unit 1

  • Actual Rent: $715.00
  • Area: 500.0
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Leased: Yes
  • Occupant Type: Occupied
  • Type: One Bedroom

Unit 2

  • Actual Rent: $620.00
  • Area: 500.0
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Leased: Yes
  • Occupant Type: Occupied
  • Type: One Bedroom

Unit 3

  • Actual Rent: $725.00
  • Area: 500.0
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Description: Unit 2, 3, 4, - 1 Bed/bath, Pet fee - $20/month, month to month
  • Leased: Yes
  • Occupant Type: Occupied
  • Type: One Bedroom

Unit 4

  • Actual Rent: $525.00
  • Area: 360.0
  • Total Bathrooms: 1
  • Total Bedrooms: 1
  • Description: Unit 1, month to month
  • Leased: Yes
  • Occupant Type: Occupied
  • Type: Efficiency

Rental

Rent Information

  • Owner Pays: Common Area Maintenance, Insurance, Repairs, Snow Removal, Taxes, Trash Collection
  • Tenant Pays: All Utilities, Internet

Property History

6118 Ridge Road

DateEventPrice
Oct 21, 2026

Sold

MLS Now #5206072

$450,000
Oct 14, 2026

Sold (Public Record)

Public Record #1952774384

$450,000
May 21, 2026

Contract Signed

MLS Now #5206072

—
DateEventPrice
10/21/2026

Sold

MLS Now #5206072

$450,000
10/14/2026

Sold (Public Record)

Public Record #1952774384

$450,000

+8.4% / yr

05/21/2026

Contract Signed

MLS Now #5206072

—

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

Public records

6118 Ridge Road

Total Finished SqFt

4,386 SqFt

Above Grade Finished SqFt

4,386 SqFt

Stories

3

Lot Size

7,708 SqFt

Style

Multi-Family Res (5+ Units)

Year Built

1945

Schools

Near 6118 Ridge Road

This home is within Parma City School District.

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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 6118 Ridge Road, Parma, OH 44129
$450,000
6
4,386
7,710
$96,000
4
–
7,450
$112,000
4
2,352
7,884
$329,900
7
4,578
7,840
$375,000
8
4,730
8,001
–
–
2,106
6,525

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

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