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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
Currently Rented
Rental Income
Listed for sale 4 days ago
$ 259,900
ROI
31.0
Cash Flow/m
810- 4 Bed
- 2 Bath
- 2316 sft
5977 Ridge Rd, Parma, OH, 44129
Rental Income
$ 313,000
ROI
25.0Cash Flow/m
461- 4 Bed
- 2 Bath
- 2422 sft
5907 Belmere Dr, Parma, OH, 44129
Rental Income
$ 199,990
ROI
33.0Cash Flow/m
737- 4 Bed
- 4 Bath
- 1378 sft
7411 Wooster Pkwy, Parma, OH, 44129
Currently Rented
Rental Income
$ 265,000
ROI
30.3Cash Flow/m
777- 4 Bed
- 4 Bath
- 2024 sft
6115 Brownfield 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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