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$175,000 Just Listed
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Property Description
A well-maintained, cash-flowing duplex perfectly positioned for savvy investors or house-hackers alike. Offering strong existing rental income paired with move-in-ready updates, this multi-family property delivers immediate returns and long-term peace of mind. Unit 1 is currently vacant and is ready for a tenant or owner occupant. Recently renovated with fresh interior paint, glowing original hardwood floors, updated modern lighting fixtures, and high-efficiency vinyl windows throughout. Unit two currently rented out with long term section 8 tenants paying $1270 a month. Full unfinished basement equipped with secure glass block windows for safety and insulation. Both water heaters are under 10 years old, with one unit newly replaced in June 2024. Situated directly along major public transit & bus lines for effortless commuting. Located just three miles from world-class healthcare at Cleveland Clinic main campus and minutes from University Circle, local dining, and shopping. Please no wholesalers. Seller will not allow buyers to assign contract to a new buyer before closing.
Full Property Details
Full Property Details for 12021 Forest Ave
General
- Price: $175,000
- Taxes: $1,067 (2025)
- Status: Active
- Type: Duplex
- Source: 505
- MLS ID: 5247770
- Updated: 9/28/2026
- Added to Site: 6 day(s) ago
Interior
- Number of Rooms: 12
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 6
Parking
- Garage: Yes
- Garage Spaces: 1
- Parking Features: Detached, Garage, On Street
Location
- County: Cuyahoga
- Township: Cleveland
- Subdivision: L H Wain Land Cos Rice Heights Al
- Driving Directions: between E 116th and E 121st St
School Information
- Elem School District: Cleveland Municipal - 1809
- Midd School District: Cleveland Municipal - 1809
- High School District: Cleveland Municipal - 1809
Heating & Cooling
- Cooling Type: Ceiling Fan(s)
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- # Buildings: 1
- Construction: Vinyl Siding
- Basement: Yes
- Basement Desc.: Concrete
- Roof: Slate
- Stories/Levels: 2
- Year Built: 1920
- Year Built Source: Public Records
- Property Condition: Updated/Remodeled
Lot Features
- Lot Size (Acres): 0.1
- Lot Size: .1
- Lot Size Source: Assessor
Financial Considerations
- Tax Amount: $1,067.62
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Special Conditions: Standard
- Legal Description: 436 RICEHTS SL 21NEC 20 X 17 0020 ALL
- Property ID: 129-19-036
Listed by Glasshouse Realty Group, LLC, Brian Evans
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Schools
Schools serving 12021 Forest Ave
School District:Cleveland Municipal School District
| Name | Grades | Distance |
|---|---|---|
Harvey Rice Elementary School 2730 East 116th, Cleveland, OH 44120 | PK-8 | 0.6 mi |
Sunbeam 11731 Mount Overlook Avenue, Cleveland, OH 44120 | PK-8 | 0.8 mi |
Nathan Hale School 3588 Martin Luther King Junior Drive, Cleveland, OH 44105 | PK-8 | 1.3 mi |
John Marshall School of Information Technology 3952 West 140th Street, Cleveland, OH 44111 | 9-12 | 10.3 mi |
Cleveland School Of The Arts High School 2064 Stearns Road, Cleveland, OH 44106 | 9-12 | 1.7 mi |
John Hay School Of Science & Medicine 2075 Stokes Boulevard, Cleveland, OH 44106 | 9-12 | 1.8 mi |
John Hay School Of Architecture & Design 2075 Stokes Boulevard, Cleveland, OH 44106 | 9-12 | 1.8 mi |
Andrew J Rickoff 3500 East 147th Street, Cleveland, OH 44120 | PK-8 | 1.4 mi |
Bolton 9803 Quebec Avenue, Cleveland, OH 44106 | PK-8 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 12021 Forest Ave
Date
Details
Price
Change
Source
9/28/2026
Price Increased
$175,000
6.06%
MLS
9/27/2026
Listed
$165,000
34.15%
MLS
1/08/2025
Sold
$123,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 12021 Forest Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,068
—
$15,960
—
2024
$1,067
—
$15,960
140%
2023
$1,067
108%
$6,650
—
2022
$513
1%
$6,650
—
2021
$508
1%
$6,650
17%
2020
$502
8%
$5,670
—
2019
$465
—
$5,680
—
2018
$463
-42%
$5,680
-40%
2017
$799
1%
$9,450
—
2016
$793
—
$9,450
—
2015
$792
-10%
$9,450
-10%
2014
$879
1%
$10,500
—
2013
$869
—
$10,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 12021 Forest Ave
12021 Forest Avenue, Loveland, OH 44120 (MLS# 5247770) is a Duplex property with 6 bedrooms and 3 full bathrooms. 12021 Forest Avenue is currently listed for $175,000 and was received on September 27, 2026. Want to learn more about 12021 Forest Avenue? Do you have questions about finding other Duplex real estate for sale in Loveland? You can browse all Loveland real estate or contact a Coldwell Banker agent to request more information.

