Parma Ohio Multi-Family Homes for Sale

Parma Ohio Multi-Family Homes for Sale

$299,000
4 Beds 2 Baths 5231006 MLS
Don't miss this excellent opportunity to own a fully updated duplex in the heart of Parma! Whether you're an investor looking to expand your portfolio or an owner-occupant interested in house hacking, this property offers the perfect combination of modern updates, rental income, and long-term value. Each unit features 2 bedrooms and 1 full bathroom with thoughtfully updated interiors. The kitchens have been renovated with stylish shaker cabinets, quartz countertops, and stainless steel appliances, creating a clean, modern look that appeals to today's tenants and homeowners alike. Both units also benefit from newer mechanicals, including furnaces, central A/C units, and hot water tanks, all replaced in 2019, providing peace of mind and reduced maintenance costs. The first-floor unit is currently rented on a month-to-month lease, offering immediate rental income with flexibility for the new owner. The vacant second-floor unit is move-in ready and includes a finished third-floor space that can serve as a third bedroom, home office, playroom, or additional bonus living area, adding exceptional versatility. This makes it ideal for an owner-occupant or for leasing at current market rents. Conveniently located near shopping, dining, parks, schools, and major highways, this duplex is positioned in a desirable Parma neighborhood with strong rental demand. Whether you're looking for a turnkey investment or an affordable way to offset your mortgage with rental income, this property checks all the boxes. Schedule your showing today!

3016 Tuxedo Avenue, Parma

Listing Courtesy of: Marian Lukach, mariog.lukach@gmail.com With Keller Williams Greater Metropolitan

$234,500
4 Beds 2 Baths 5230082 MLS
This well-maintained, cash-flowing duplex is an excellent opportunity for investors looking to add a strong income-producing property to their portfolio! Each unit features 2 bedrooms and 1 full bathroom, a spacious living room, a functional kitchen with an adjoining dining area, and access to a shared basement that offers additional storage and value-add potential. Both units also include a rear sunroom, providing extra living space for tenants to enjoy. The property is fully occupied, with the lower unit renting for $1,065 per month and the upper unit for $930 per month, both on month-to-month leases. The upper tenant also rents a basement room for an additional $90 per month, creating extra monthly income. Tenants pay their own gas and electric, while water and sewer are shared. Situated on a corner lot, this Cape Cod-style duplex features an enclosed front porch, detached 2-car garage, shared basement with washer and dryer hookups and a utility sink, plus separate furnaces and central A/C units for each apartment. Recent updates include luxury vinyl plank flooring and refinished hardwood floors in the lower unit, replacement hot water tanks, garage doors, kitchen appliances, replacement windows, masonry improvements, and a new front door. Conveniently located in Parma, just minutes from Evergreen Lake with easy access to I-480, this property is also close to shopping, restaurants, parks, schools, public transportation, and all local amenities, making it a fantastic turnkey investment. Full service property management available with dedicated departments for leasing, marketing, tenant communication. Plus rehab and construction services for remote investors! Whether you’re expanding your portfolio or purchasing your first multifamily investment, this turnkey income-producing property is one you won’t want to miss. No wholesalers. No Seller financing. No low ball offers.

7601 Wooster, Parma

Listing Courtesy of: Michael Azzam, mike@theazzamgroup.com With RE/MAX Haven Realty

Selling Office: Keller Williams Elevate.

$212,100
4 Beds 2 Baths 5213016 MLS
Great opportunity to own a low-maintenance multi-family home with strong income potential and excellent curb appeal. The property features newer exterior updates including siding and roofing, plus newer windows on the lower level, helping reduce upkeep while supporting comfortable living for both units. Whether you choose to keep the lower unit rented and cover your mortgage through tenant income, or you occupy one unit and rent out the other for cash flow, this duplex is a smart, practical option. Step into the beautifully updated lower level, where classic charm meets modern comfort. The home boasts gorgeous, remodeled hardwood floors flowing throughout the front spacious family room, continuing into the large formal dining area with built-in features—ideal for hosting and everyday living. The spacious layout continues into a large kitchen with plenty of counter space and a convenient eat-in nook that’s perfect for family meals. A full bath and two well-sized bedrooms, also finished with hardwood flooring, complete the main lower unit. Additional bonus space includes a screened front porch, perfect for relaxing outdoors in comfort and privacy. Upstairs offers a separate living space with its own layout, providing privacy and convenience for tenants. The upstairs unit is occupied, supporting rental stability from day one. New HW tank in one of the units, and 2 newer AC’s!

5406 Theota Avenue, Parma

Listing Courtesy of: Steve Junker, stevejunker@remax.net With RE/MAX Above & Beyond

Selling Office: Golden Realty.

$305,000
4 Beds 3 Baths 5208533 MLS
Exceptional brick duplex in desirable Parma offering the perfect blend of character, space, updates, and income-producing potential. Ideal for investors, owner-occupants, or buyers looking to live in one unit while offsetting their mortgage with rental income from the second unit. Each spacious unit features 2 large bedrooms, 1 full bath, huge living rooms, oversized dining areas, abundant natural light, beautiful natural woodwork, and classic built-in China cabinets that add warmth and timeless charm. Both units offer central air conditioning (approx. 2022), updated electrical boxes (approx. 2011), one furnace is newer (approx. 2022), updated windows, and generous closet and storage space throughout. The upper unit has been updated with newer carpet, an updated kitchen, and an updated bath, making it move-in ready. The full basement includes separate laundry hookups, additional storage space, and a convenient half bath. Exterior highlights include solid brick construction, an attached 2-car garage, additional covered carport parking, and a large front porch that enhances curb appeal and outdoor enjoyment. Located near shopping, restaurants, parks, schools, and highway access, this rare Parma multifamily opportunity checks all the boxes for buyers searching for a duplex, double, rental property, house hacking opportunity, owner-occupied investment, or cash-flow property in the Greater Cleveland area.

5907 Belmere Drive, Parma

Listing Courtesy of: John P Lucien, JohnLucien@lucienrealty.com With Berkshire Hathaway HomeServices Lucien Realty

Selling Office: Non-Member.

$233,500
4 Beds 3 Baths 5204188 MLS
Welcome to this charming duplex situated in the vibrant heart of Karma, offering an exceptional investment opportunity or an ideal starter home for first-time buyers. This property is designed for both comfort and functionality, making it a perfect choice for anyone looking to enter the real estate market. Upper Unit: As you step into the upper unit, you'll immediately appreciate the warmth of the hardwood flooring that graces all the bedrooms. The inviting space features an updated kitchen with modern cabinetry and stylish flooring, creating a welcoming atmosphere for cooking and entertaining. The bathroom has also been recently renovated, ensuring a fresh and contemporary feel throughout. Lower Unit: The lower unit is currently rented, providing immediate income potential for savvy investors. It boasts beautiful wood plank laminate flooring that complements the natural paint colors, creating a cozy and appealing living environment. This unit has been thoughtfully designed with separation for storage and convenient washer and dryer hookups, making laundry days a breeze. A charming fireplace in the lower level adds warmth and character, perfect for those chilly evenings. Located in a great neighborhood, this duplex is close to local amenities, parks, and public transportation, making it convenient for residents and appealing to potential renters. The separation of the two units allows for privacy while also providing opportunities for shared spaces. This duplex offers not only a great living arrangement but also a solid investment with its potential for rental income and appreciation in a desirable area. Whether you’re looking to start your homeownership journey or expand your investment portfolio, this property is a must-see. Schedule a viewing today and explore the possibilities!

2831 North Avenue, Parma

Listing Courtesy of: Daniela Maragos, therealestatedesignteam@gmail.com With Keller Williams Elevate

Selling Office: Keller Williams Elevate.

$295,000
4 Beds 3 Baths 5201211 MLS
Welcome to this spacious Tudor-style duplex in the heart of Parma, one of Northeast Ohio’s most sought-after rental markets. This well-maintained property presents an outstanding opportunity for investors and owner-occupants alike, featuring long-term tenants with flexible month-to-month leases and current rents below market, offering immediate upside potential. Each unit offers a classic, functional layout with 2 bedrooms, 1 full bath, and beautiful hardwood floors throughout. Inviting living rooms feature decorative fireplaces, while formal dining rooms include charming built-in cabinetry. The kitchens come equipped with a range and refrigerator and open to a cozy breakfast nook. Additional features include shared basement access with laundry, a remodeled full third bathroom, and abundant storage space. Each unit also includes one space in the 2-car garage with a power door, plus a fully fenced backyard for added privacy and outdoor enjoyment. A standout feature is the expansive third-floor attic space (over 1,100 sq ft), complete with vinyl replacement windows, electric, and its own A/C unit, offering incredible potential for additional living space or possible expansion of the upper unit. Recent updates provide peace of mind, including two new furnaces with updated ductwork, a newer electrical panel, a newer roof, two brand-new rear decks, and freshly painted common areas. Situated on a quiet street yet conveniently located within walking distance to shopping, dining, and everyday amenities, this property combines charm, space, and strong income potential in one exceptional package. The listing agent is related to the seller.

6511 Laverne Avenue, Parma

Listing Courtesy of: Janet S Gallucci, janet.gallucci@exprealty.com With EXP Realty, LLC.

Selling Office: EXP Realty, LLC..

$210,132
4 Beds 2 Baths 5194944 MLS
Strong investment opportunity in a desirable Parma neighborhood known for consistent rental demand and long-term appreciation. This fully renovated duplex is fully occupied with long term tenants and generating $1,955 per month in rental income, providing immediate, stable cash flow from day one. The property was taken down to the studs by the current owner and features all new interior finishes along with updated mechanicals, electrical, and plumbing systems, minimizing deferred maintenance concerns. There is also clear upside with for rent increases, along with additional value-add potential from the partially finished third floor to expand bedroom count to capture even higher rents in the upper unit and overall property value. Located in a strong rental area with convenient access to shopping, dining, and major highways. Seller is highly motivated and willing to offer concessions toward buyer closing costs or rate buydown. Ideal for investors looking to acquire a turn-key asset with built-in upside. Professional property management resources are available for out of state investors, including leasing coordination, marketing support, tenant communication, maintenance, and repair resources. For buyers looking to grow their Cleveland rental portfolio or acquire an income-producing asset with cash flow already in place, this property is positioned to offer a more streamlined ownership experience for out-of-state investors. Full financial analysis available upon request. Schedule your showing today.

6814-6816 Bradley Avenue, Parma

Listing Courtesy of: Kim Lewis, kim.lewis@heqrealty.com With Home Equity Realty Group

Selling Office: Home Equity Realty Group.

$225,000
4 Beds 2 Baths 5172514 MLS
Prime Parma Duplex – Excellent Owner-Occupant or Investor Opportunity in Desirable Parma City Schools Rarely available 4-bedroom, 2-bath duplex offering two spacious 2-bedroom, 1-bathroom units with separate utilities and separate entrances. Ideal for the owner-occupant who wants to live in one unit while the tenant pays most or all of the mortgage, or for the investor seeking immediate cash flow in one of Parma’s most sought-after neighborhoods. This well-maintained property combines classic charm with modern updates. Both units feature beautiful hardwood floors and original woodwork throughout. The downstairs unit is completely move-in ready, freshly painted, and includes brand-new luxury vinyl plank flooring in both bedrooms. The upstairs unit is tenant-occupied by a reliable long-term tenant, is in great condition, and provides instant rental income from day one. Recent updates include a roof that is approximately 10 years old, both furnaces (approximately 5 years old), one hot water tank replaced in 2019 and the other replaced in 2022. Exterior features include maintenance-free vinyl siding, a fully fenced backyard with a large deck perfect for entertaining, a charming covered front porch, and a rare two-car detached garage that is split into two separate one-car garages—one dedicated to each unit. Each garage is equipped with its own automatic garage door opener and exterior keypad for convenient, private access. Each unit also has its own basement with laundry hookups. Located in the highly regarded Parma City School District, this turnkey duplex is priced to sell quickly and represents an outstanding opportunity for house-hacking, immediate rental income, or multi-generational living. Don’t miss this gem – schedule your private showing today!

6003 Snow Road, Parma

Listing Courtesy of: Tim Debronsky, timdebronsky@gmail.com With Realty Trust Services, LLC

Selling Office: Premier Heights Realty LLC.

$375,000
8 Beds 4 Baths 5166636 MLS
Rare Gem! One-of-a-Kind Triplex with Exceptional Cash Flow in Parma! Discover a prime investment in this beautifully maintained triplex, a property with only three owners in its history. Currently fully leased with tenants in place, it promises immediate and seamless cash flow in an excellent location. The versatile layout features a spacious 3-bedroom first-floor unit with a bonus room, and two comfortable second-floor 1-bedroom units, one with its own bonus room, and both with additional storage space on the second floor. The potential expands into the partially finished basement, which is equipped with a large eat-in kitchen, living room, bedroom, full bathroom, and cedar closet. Inside, you'll find a super clean property brimming with character, including gorgeous original hardwood floors, built-ins, freshly painted, new carpet, and Luxury Vinyl Plank flooring in some units. It has been meticulously cared for with over $37,000 in recent improvements and boasts updated roofs- main building approximately 9 years, and garage approximately 8 years. Professionally managed and sold fully occupied, this triplex delivers strong, reliable cash flow. The incredible 4-car garage, additional parking, and abundant storage make it a standout. Additional features include shared laundry and central air in one unit. This rare find blends character and charm with profitability—don’t miss this opportunity! Schedule your private showing today!

6136 Ridge Road, Parma

Listing Courtesy of: H. Elyse Nedrow, elinedrow@gmail.com With Keller Williams Citywide

Selling Office: Howard Hanna.

$340,000
6 Beds 4 Baths 5161017 MLS
Unique brick duplex on a quiet street in Parma, 3430 Sq feet divided equally between 2 units, plus basement that is used as storage by tenants. Meticulously maintained, newer roof on the garage (2 spaces in the garage plus 3 spaces in the front of the house). Each unit has it's own HVAC and WT in great condition. Wooden floors in the bedrooms, great wooden cabinets in the eat-in kitchen, tall ceilings, lots of storage. 2 bedrooms and 2 full bathrooms on each floor. Large room with a fireplace is versatile and can be used as a bedroom with an office, family room with dining, or a huge room for kids. The room adjacent to the kitchen can be used as a dining room or living room. Lots of storage, big beautiful windows. Each unit has a separate entrance. Second floor unit has an additional sunroom and a balcony with a park view. Low vacancy rate (2 months total since 2021 between leases, and that is for tenants with a great background screen). Quiet street. 1 yr warranty included. Upstairs is currently rented at $1650 per month (end of the lease 7/31/2026, with opportunity to renew), Downstairs can potentially be leased at $1650. Currently downstairs is rented less than that, but it is a very good clean long term tenant (current lease till 6/20/26, she wants to stay, and she is a keeper). Please call the agent for details. Tenants pay for gas, light, and take care of the landscaping. Each kitchen has an oven, dishwasher, and a refrigerator. Each tenant brings their own washer/dryer. Laundry on each floor. Need at least 48 hr advance note to show, but accepted offer with contingency to preview is preferred. The photos are from the second floor when it was vacant, plus some AI furnishing for more ideas. Video of the street and the tour to the second floor is available upon request. First floor looks very much the same, with minor differences. Make it a part of your portfolio, or live in one unit and let the renter pay for your mortgage. The property is sold AS IS.

6234 N Canterbury Road, Parma

Listing Courtesy of: Svetlana Fedorova, svetlana.realtor1@gmail.com With HomeSmart Real Estate Momentum LLC

Selling Office: OwnerLand Realty, Inc..

$290,000
4 Beds 3 Baths 5163704 MLS
Wow! This duplex home is truly amazing! This up-and-down beauty is a rare find, offering two beautifully updated units full of character and charm. The first-floor unit features a stylish kitchen with hard surface counters, soft-close cabinetry, a farmhouse sink, updated flooring, and stainless steel appliances. You'll love the spacious dining and living rooms, highlighted by gleaming dark wood floors, rich natural woodwork, built-in cabinets with leaded glass, large windows that flood the space with natural light, and a cozy fireplace. The wood floors continue through the two generous bedrooms, and the full bath has been completely remodeled with modern finishes. The second-floor unit is equally impressive, showcasing the same quality remodel and design as the first floor. Its kitchen includes a huge pantry for added storage. The living and dining rooms, along with both bedrooms, feature gorgeous hardwood floors in a lighter palette, creating a warm and inviting atmosphere. Each unit enjoys its own private front porch, plus entry access from both the front and side of the home. The basement provides wide open storage space, washers and dryers for both units, separate heating, cooling and H2O for each unit and even another full bath. Outside, you will find a large two-car garage and a charming fenced yard offering privacy and space to relax. The remodel of this lovely home includes H2O, furnaces, C/A in 2022, New windows in 2011, roof in 2019, Appliances in 2021, refinished wood floors in 2020 and kitchen and baths 2021 to name a few. Don't miss out on this outstanding opportunity.

5406-5408 Merkle Avenue, Parma

Listing Courtesy of: Denise A Quiggle, DeniseQuiggle@MCDhomes.com With McDowell Homes Real Estate Services

Selling Office: LPT Realty.

$260,000
4 Beds 2 Baths 5118783 MLS
Prime Parma Duplex – Fully Updated & Ready to Lease or Occupy! Located in one of Parma’s most convenient and well-established neighborhoods, 5752 Bavaria Ave presents an exceptional opportunity to own a solid, all-brick duplex that’s both versatile and low maintenance. Each unit offers 2 bedrooms, 1 bath, and over 1,000 sq ft of well-laid-out living space, making this property ideal for investors or owner-occupants alike. This duplex stands out for its quality construction and recent improvements, including a new roof installed in January 2025 (with transferrable warranty), updated electrical panels (2006), and furnaces and central A/C units replaced in 2019. The lower unit features a fully remodeled bathroom (2020) and updated kitchen flooring. Both units have just been freshly painted and professionally cleaned, making the entire property feel clean, neutral, and move-in ready. Each unit is separately metered for gas and electricity, keeping operational costs efficient. An attached two-car garage and full basement provide added value and storage options. Whether you're looking to lease both units immediately or live in one while renting the other, this vacant duplex is ready to generate income or provide flexible living arrangements from day one. Opportunities like this don’t come along often—schedule your showing today!

5752 Bavaria Avenue, Parma

Listing Courtesy of: Jason A Smith, jasonrealtygroup@gmail.com With Coldwell Banker Schmidt Realty

Selling Office: Real of Ohio.

$250,000
4 Beds 2 Baths 5073041 MLS
Welcome to your dream duplex in the heart of Parma! This charming property offers an incredible opportunity for both first-time homebuyers and savvy investors. Nestled in a picturesque neighborhood, this duplex boasts a stunning location with easy access to local amenities, parks, and schools, making it the perfect spot for families or anyone looking to enjoy suburban living. As you step inside, you’ll be greeted by spacious living areas filled with natural light, creating a warm and inviting atmosphere. Each unit features a well-designed layout with comfortable bedrooms, modern kitchens, and cozy living spaces that are ideal for relaxation or entertaining. The versatility of this duplex allows for an owner-occupied lifestyle while generating rental income from the other unit. The exterior of the property is equally impressive, featuring a beautifully maintained yard that provides ample space for outdoor activities, gardening, or simply enjoying a sunny afternoon. The backyard is perfect for hosting gatherings or unwinding after a long day. With its excellent space, gorgeous location, and potential for rental income, this duplex is not just a place to live, but an investment in your future. Whether you're just starting out or looking to expand your portfolio, this property is a fantastic opportunity you don’t want to miss. Schedule a showing today and discover the endless possibilities that await in this wonderful Parma duplex!

5711 Warwick Drive, Parma

Listing Courtesy of: Daniela Maragos, therealestatedesignteam@gmail.com With Keller Williams Elevate

Selling Office: RE/MAX Crossroads Properties.

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Parma Ohio Multi-Family Homes

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