Cuyahoga County, Cleveland, OH 44129
4 bd2 ba2,316 sfBuilt 1900
Gross spread$46,000
Description
This solid brick duplex at 5819 W 54th St in Parma, OH (44129) offers two 2-bedroom, 1-bath units totaling 2,316 sq ft, plus a detached garage for added tenant appeal. Both units are currently tenant-occupied, generating $821 and $761/month respectively ($1,582/month combined), with market rent estimated between $2,650-$3,000/month - leaving significant upside for the next owner. Priced at $229,000 against an estimated ARV of $265,000-$285,000, this deal offers roughly $46,000 in estimated equity. Condition is a major plus here: roof, HVAC, and plumbing are all rated in good condition, with only fair cosmetic finishes needing minor updates - keeping rehab costs low. With durable brick construction, two income streams under one roof, and strong rental demand in Parma, this is a well-positioned buy & hold asset for investors seeking stable, low-maintenance cash flow with long-term equity upside.
$/sqft vs market
Median of 70 comparable listings matched on city + property type. A narrow sample moves a lot; read it as context, not as a valuation.
Property
Systems & condition
Self-reported by the seller. Not inspected.
Seller
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