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Investment Property for Sale at 5240 State Road in Parma, OH for $284,900

Listing data last changed 10/23/2025 - 7:28pm
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5240 State Road | Parma

$284,900 | 4 Beds | 2 Baths (2 Full) | 2,232 Sq. Ft.

Excellent investment opportunity! This 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\u2019re 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. MLSNow 5164130 Directions to property: From Brookpark Rd, turn to State Rd

MLS Listing ID: 
MLSNow 5164130
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$284,900
Basic Property Information
Fields containing basic information about the property.
Property Type: 
MultiFamily
Property Sub Type: 
Duplex
Primary Market Area: 
Parma
Address: 
5240 State Road, Parma, OH 44134
County: 
Cuyahoga
Latitude: 
41.4178140
Longitude: 
-81.7108320
Directions: 
From Brookpark Rd, turn to State Rd
Public Remarks: 
Excellent investment opportunity! This 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\u2019re 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.
Community Information
School District: 
Parma CSD - 1824
Subdivision: 
State Brook
Building Details
Details about the building on a property.
Stories: 
2
Year Built: 
1926
Living Area: 
2,232
Basement: 
Partially Finished
Construction
Construction Materials: 
Other,Wood Siding
Roof: 
Asphalt,Shingle
Room Details
Details about the rooms in the building.
Total Bedrooms: 
4
Total Bathrooms: 
2
Total Full-Bathrooms: 
2
Total Half-Bathrooms: 
0
Total One-Quarter-Bathrooms: 
0
Total Three-Quarter-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Heating System: 
Forced Air,Fireplace(s),Gas
Cooling System: 
None
Water Source: 
Public
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.14
Lot Size (Area): 
0.14
Lot Features
Parking Type: 
Parking Pad
Additional Details
Appliances: 
Range,Refrigerator
Public Record
Parcel Number: 
443-29-023
Annual Tax: 
$7,612.00
Contract Details
Details about the listing contract.
Possession: 
Delivery Of Deed
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
Keller Williams Living

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