Multi-Family Investment Properties in Parma, OH | Ziffy.ai
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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family

Multi Family Investment Properties for Sale in Parma, OH

Property at 5144 Orchard Park Dr, Parma, OH
Rental Income
$ 350,000
ROI
20.8ROI percentage
Cash Flow/m
Dollar sign98
  • 6 Bed
  • 4 Bath
  • 2436 sft
5144 Orchard Park Dr, Parma, OH, 44134
Property at 6003 Belmere Dr, Parma, OH
Currently Rented
$ 369,900
ROI
20.6ROI percentage
Cash Flow/m
Dollar sign87
  • 6 Bed
  • 2 Bath
  • - sft
6003 Belmere Dr, Parma, OH, 44129
Property at 3119 Brookdale Ave, Parma, OH
Currently Rented
Rental Income
$ 239,900
ROI
32.1ROI percentage
Cash Flow/m
Dollar sign822
  • 4 Bed
  • 2 Bath
  • - sft
3119 Brookdale Ave, Parma, OH, 44134
Property at 6618 Thornton Dr, Parma, OH
Currently Rented
$ 159,999
ROI
33.4ROI percentage
Cash Flow/m
Dollar sign608
  • 4 Bed
  • 2 Bath
  • - sft
6618 Thornton Dr, Parma, OH, 44129

Why Invest in Parma, Ohio?

Multi-family properties in Parma, OH offer strong investment potential with stable rental demand from working families. Average rents around $1,400 support solid cash flows in this affordable Cleveland suburb. Cap rates hover near 7-8% while home values appreciate 6% annually. Renter occupancy exceeds 40%, bolstered by proximity to manufacturing jobs. Low vacancy and steady appreciation make multi-family a reliable choice here.

9.2%
Avg. ROI
7.1%
Rental Yield
7.5%
Cap Rate
$18500/mo
Avg. Cash Flow
$1377/mo
Avg. Rent
6.4%
1Y Appreciation

Frequently Asked Questions

Parma offers affordable entry with strong renter demand from local manufacturing jobs. Average rents of $1,377 yield solid 7% returns. Stable appreciation around 6% adds long-term value.

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