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$399,900

5521 W 48th St Parma, OH 44134

5 beds
3 full
3,533 sqft
0.2 acres
$113 / sqft
Multi-Family

Property details

About 5521 W 48th St

Exceptional investment opportunity! Rare to find a Triplex in Parma! Fully rented, turnkey, with long term tenants. Solid brick construction & charming appeal with Front porch and 2nd floor front & back patio access. All units were fully renovated in 2017 with granite counters, tile backsplash, LVT flooring, carpeting, updated baths, and newer appliances. Full basement with shared washer/dryer (hook up for 2nd set available) and storage. 4 Car garage with ample parking- each unit has assigned garage space. Separate meters for each unit. 3rd floor has electric only. Newer roof, windows, HVAC, H20 tanks and appliances. Great location - Easy access to I-480, stores and restaurants.

Highlights

Home typeTriplex
HeatingElectric, Forced Air, Natural Gas
StatusActive
CoolingCentral Air, Ceiling Fan(s), Electric
Size3,533 sqft
BasementYes
Lot size0.1837 Acres
Year built1920
ParkingConcrete, Driveway, Detached, Garage
MLS #5053544
Garage4 spaces

Summary

  • Full Bathrooms: 3
  • Appliances: Dryer, Dishwasher, Microwave, Range, Refrigerator, Washer
  • Basement: Yes
  • Interior: Ceiling Fan(s), Entrance Foyer, Eat-in Kitchen, Granite Counters
  • Total Bedroom Count: 5
  • Garage Space: 4 spaces
  • Attached Garage: No
  • Private Pool: No
  • Parking: Concrete, Driveway, Detached, Garage
  • Exterior: Balcony
  • Heating: Electric, Forced Air, Natural Gas
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • List Price: $399,900
  • Price/SqFt: $113
  • Annual Tax Amount: $4,988
  • Tax Year: 2023
  • Lot: Back Yard, Dead End Street
  • Directions: Snow or Brookpark Rd to W 54th, to Montauk to W 48th
  • Year Built: 1920
  • Stories: 3
  • Living Area: 3,533 SqFt
  • Lot Size: 0.1837 Acres
  • MLS Number: 5053544
  • MLS Name: NOWDD
  • Office Name: Russell Real Estate Services
  • Office Phone: (440) 655-5572
  • Office Email: lmusial.russellrealty@gmail.com
  • Listing Agent: Lori Musial

IDXCopyright 2025 MLS Now. IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Buyer to verify all information. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the name of the listing broker(s). The photos may be altered, edited, enhanced or virtually staged.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/6/2025, 4:45:30 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Price information

Property sales

DateEventPrice
Feb 28, 2017
Home Sold
$37,000
Feb 16, 2017
Home Sold
$37,000
Aug 31, 2001
Home Sold
$130,000

Tax history

YearAssessmentProperty Tax
2023$65,210$4,988
2022$65,210$4,970
2021$65,210$5,067
2020$50,160$3,785
2019$50,160$4,218

History based on county public records data.

Nearby schools

4

Thoreau Park Elementary School

Public District KG-4

0.3 mi

5401 W 54th St

5

John Muir Elementary School

Public District KG-4

1.1 mi

5531 W 24th St

7

Ridge-Brook Elementary School

Public District KG-4

1.1 mi

7915 Manhattan Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $56,694. Residents of Parma, OH typically earn between $35k-100k each year. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

How much money do the neighbors make?

22%
<35k
60%
35k-100k
16%
100k-200k
2%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

39%
Single, No Kids
16%
Single, with Kids
24%
Married, No Kids
21%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

16%
<11 yrs old
10%
12-17 yrs old
23%
18-34 yrs old
40%
35-64 yrs old
11%
65+ yrs old

What do the neighbors do for fun?

  • Major League Soccer (MLS)Major League Soccer (MLS)
  • Pro BoxingPro Boxing
  • Mexican League SoccerMexican League Soccer

Where do the neighbors shop?

  • H&MH&M
  • BurlingtonBurlington
  • Foot LockerFoot Locker

Where do the neighbors go to eat?

  • PopeyesPopeyes
  • White CastleWhite Castle
  • Little CaesarsLittle Caesars

What do the neighbors drive?

  • NissanNissan
  • KiaKia
  • DodgeDodge

What do the neighbors listen to?

  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • Urban Adult ContemporaryUrban Adult Contemporary
All data provided by Home Junction and Claritas

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Frequently asked questions

Living in Parma, OH

Parma's transportation infrastructure supports both private and public transit options, with a network of roads and highways that facilitate commuting to nearby cities and commercial areas. Public buses operate on a regular schedule, providing residents with dependable transportation options. The city is also bike-friendly, with certain areas offering dedicated bike lanes and trails. While ride-sharing services are available, the specifics of their operation are not branded. Recent efforts have been made to enhance the efficiency and accessibility of the transportation system to better serve the community's needs.

Residents of Parma benefit from a solid educational system, with a number of public schools serving the community at the elementary, middle, and high school levels, as well as private schools that cater to various educational needs. The city is equipped with healthcare facilities that offer a range of services, from primary care to specialized treatments. The public library system in Parma is extensive, providing residents with access to a wealth of resources and programs. Retail and dining options are plentiful, reflecting the diverse tastes and cultures of the community.

Parma prides itself on a family-friendly atmosphere with a strong sense of community. The city is celebrated for its annual events, such as the Parma Area Chamber of Commerce Rib 'N Rock Rib Cook-Off, which showcases the local culinary scene and brings residents together. The community's character is further defined by its well-maintained parks and recreational facilities, which serve as popular gathering spots for families and outdoor enthusiasts.

The housing landscape in Parma is characterized by a predominance of single-family homes, which make up a significant portion of the market. These homes showcase a range of architectural styles, from classic mid-century ranches to contemporary constructions. The area also offers a selection of apartments and townhouses, providing options for various housing preferences. The majority of homes were built during a development boom in the mid-20th century, reflecting the city's growth during that period. Parma's homeownership rate is robust, with a substantial majority of residents owning their homes.

About 5521 W 48th St

The listing price of 5521 W 48th St property is $399,900.

The property 5521 W 48th St is a multi located in Parma, Ohio, 44134.

Active Listing: 5521 W 48th St is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 5521 W 48th St are: Thoreau Park Elementary School (GreatSchools Rating 4/10), John Muir Elementary School (GreatSchools Rating 5/10), Ridge-Brook Elementary School (GreatSchools Rating 7/10), Global Village Academy (GreatSchools Rating 7/10), Cleveland Preparatory Academy (GreatSchools Rating 4/10), William Cullen Bryant School (GreatSchools Rating 4/10), Old Brook High School (GreatSchools Rating 2/10), Rhodes College and Career Academy (GreatSchools Rating 3/10), Rhodes School of Enviornmental Studies (GreatSchools Rating 3/10).

According to the records, the last property tax for 2023 is $4,988 (source: MLS/based on county public records data).

The last sale was on February 28, 2017 for $37,000 (source: MLS/tax record).

The property 5521 W 48th St is 3,533 SqFt (source: MLS/tax record).

The year of construction for 5521 W 48th St is 1920.

This home is located at 5521 W 48th St in Parma, OH and zip code 44134. This 3,533 square foot home, which was built in 1920, sits on a 0.18 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 18, 2024 and is currently priced at $399,900.

While more than 55 listings in Parma, OH in June 2025 were sold above asking price, there were more than 7 listings sold at asking price, and more than 30 were sold below. The inventory of homes for sale in Parma, OH between May and June 2025 increased by 6.7%. In June 2025 median list price was $217,000 and the average listing age was 23 days.

From Rocket Homes Real Estate and based on county public records data.

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