Property Description

House Hacking/Owner Occupant Opportunity! is well-maintained duplex offers two spacious units, each featuring, living room, dining room, kitchen, 2 bedrooms and 1 bathroom. Spacious porches on both units. Recent updates include a new roof, upgraded electrical system, and refreshed bathrooms in both units, providing peace of mind and modern comfort. Whether you're looking to expand your rental portfolio or someday live in one unit while renting out the other once the current lease expires, this property offers great versatility and long-term value.

5240 State Road | MLS# 5205999

This multi-family property located at 5240 State Road, Parma, OH 44134 is currently listed for sale with an asking price of $240,000. State Road is located within the Parma City school district. Search Parma real estate on 212caseroad.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple

Basement: Partially Finished

Basement: Yes

Cooling: None

Days on Market: 3

Heating: Forced Air, Fireplace(s), Gas

Lot Size: 0.14 Acres

Roof Type: Asphalt, Shingle

Stories: 2.0

Taxes: $7,612 / year

Year Built: 1926

Feature Descriptions

Appliances: Range, Refrigerator

Exterior: Other, Wood Siding

Laundry: In Unit

Parcel#: 443-29-023

Parking: Parking Pad

Sewer: Public Sewer

Water: Public

Local Schools

School District: Parma City

Demographics

Cuyahoga County Demographic Information for 5240 State Road, Parma, OH 44134

Fips

Fips Code 39035

Population

2020 to 2025 Change down 2.5%

2010 Count 1,280,122

2020 Count 1,264,817

2025 Estimate (V2025) 1,232,925

2020 Estimate (V2025) 1,264,775

Age Distribution (Years Old)

0 to 4 5.2%

5 to 17 20.1%

18 to 64 54.2%

65 and Older 20.5%

Gender

Male 48.0%

Female 52.0%

Place of Birth

Foreign 7.7%

US 92.3%

Education

High School Graduate, Age 25+ 91.5%

Bachelor's Degree or Higher, Age 25+ 36.5%

Computer and Internet use

Households with a computer 94.0%

Households with a broadband Internet subscription 89.5%

Language

English is Second Language, Age 5+ 12.3%

English is First Language, Age 5+ 87.7%

Veterans

Veterans 54,264

Income

Per Capita Income $42,747

Median Household Income $64,468

People in Poverty 14.9%

Commute

Average Work Commute Time 24 minutes

Housing

Total Housing Units 615,116

Households 554,551

Average Household Size 2.20

Owner-Occupied 59.4%

Multi-Family 34.9%

Owner-Occupied Median Value $195,400

Median selected monthly owner costs -with a mortgage $1,570

Median selected monthly owner costs -without a mortgage $671

Median gross rent $1,060

Building Permits

New Private Housing Issued 2024 1,685

Years at Residence

1 Year or More 86.7%

Less Than 1 Year 13.3%

Business and Employment

Private non-farm Establishments 31,496

Private non-farm Employment 681,543

Private non-farm Employment Growth up 0.7%

Nonemployer Establishments 110,977

Number of Firms 23,160

Business Production

Value of Shipments $23,225,392,000

Wholesale Trade $24,854,217,000

Retail Trade $16,920,714,000

Retail Sales Per Capita $11,914

Accommodation and Food Services $3,332,698,000

Land

Land Area 457.19 sq. miles

Population Per Square Mile 2,800

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 1,924.22 per month $1,219.89 Principal & Interest $634.33 Property Tax $70.00 Homeowner's Insurance

Change Payment Information

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5240 State RoadParma, OH 44134