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.
Multi-familyProperty Type
1930Year Built
4,987 sq ftLot Size
Listed by Chris Kilbane• Russell Real Estate Services
Home facts updated by county records on Oct 28, 2025
Sale and tax history for 5432 State Rd
Sale History
Tax History
Date
Event
Price
MLSNOW #5167940
Jan 31, 2026
Pending
—
Jan 30, 2026
Relisted
—
Jan 1, 2026
Pending
—
Dec 23, 2025
Price Changed
$210,000
Dec 5, 2025
Price Changed
$215,000
Nov 26, 2025
Price Changed
$225,000
Nov 17, 2025
Price Changed
$229,000
Oct 28, 2025
Listed
$235,000
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Permits
Beds
—
Baths
—
Stories
—
Lot width
38 ft.
Lot depth
—
Lot size
—
Year renovated
—
Finished Sq. Ft.
—
Unfinished Sq. Ft.
—
Total Sq. Ft.
—
Year built
—
Style
Multi-Family (2-4 Unit)
County
Cuyahoga County
APN
443-30-135
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Oct 28, 2025.
Oct 9, 2019 • Final
Legacy
Perform work on a partial parking lot for a commercial property.
Grading
Jul 6, 2016 • Final
Legacy
Work on a meter base.
Electrical
Electric meter
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Historical weather
Parma, OH • 44134
Average low and high temperatures (°F)
30
18
37
23
55
36
64
45
67
52
80
64
85
69
80
65
77
60
66
49
51
39
39
27
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
97/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10 hrs
6 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 5432 State Rd
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $195,000 and $238,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $195K to $238K.