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    Turnkey Duplex With Updated Systems Title is generated by Realmo AI

    2010 Forestdale Avenue, Cleveland, OH 44109

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    For Sale
    $129,900

    MULTI_FAMILY - Cleveland, OH

    Property size:
    1,793 SF
    Lot size:
    0.10 Acres
    Price / SF:
    $72/SF
    Added:
    Jun 4, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 4 at 9:06 pm

    Property Features for 2010 Forestdale Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    5
    Bathrooms
    2
    Rooms
    Bedroom 2, Basement, Bedroom 4, Bedroom 5, Bathroom 1, Bedroom 1, Bathroom 2, Bedroom 3
    Parking features
    Driveway
    Standard status
    Active
    APN
    008-25-020
    Size
    1,793 SF
    Lot size
    0.10 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    74 PARK ADD 0058 ALL
    Tax Annual Amount
    1700

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1900
    Floors in Building
    2
    Building materials
    VinylSiding
    Roof type
    Asphalt, Fiberglass

    We can help!

    Listing Contact
    Sawyer W Dina

    Listing agent Sawyer W Dina License #2016003923

    Listing office Red 1 Realty, LLC 707 Brookpark Road, Suite 203, Westerville, OH

    Listing date Jun 4, 2026

    MLS# 5216195 Listing URL

    Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Approx. 1,800 sq ft duplex with 5 bedrooms and 2 bathrooms total
    • Updates include newer siding, windows, chimney flashing, plumbing, electrical, carpeting, paint, and an updated bathroom
    • Full basement with laundry hookups and additional storage
    • Forced‑air heating plus window A/C units; furnaces noted as in good condition
    • Public water and public sewer; asphalt/fiberglass roof
    • Driveway with off‑street parking, plus a storage shed and a good‑sized yard

    Overview

    This turnkey duplex offers approximately 1,793 square feet and includes two large units totaling 5 bedrooms and 2 bathrooms. Updates reported include newer siding and windows, chimney flashing, plumbing, electrical, carpeting, paint, and an updated bathroom. Furnaces are noted as in good condition. The property also includes a full basement with laundry hookups and additional storage, plus exterior amenities including a good-sized yard, off-street parking, and a storage shed.

    The home is located at 2010 Forestdale Avenue in Cleveland’s Old Brooklyn area, described as being just minutes from the MetroHealth hospital campus. The property is presented as clean, vacant, and ready to rent.

    With its updated interior and systems, full basement, and off-street parking, the duplex is a practical fit for buyers seeking a straightforward, owner-occupant or investment-ready residence. The layout supports flexible living arrangements, with five bedrooms across both units. Rent projections are referenced using HUD Fair Market Rents, indicating potential gross rents up to approximately $2,470 per month, with 3-bedroom units noted as often commanding a premium in the Section 8 program. The seller’s positioning emphasizes immediate readiness for occupancy or leasing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.69659
    Latitude
    41.453281

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    FAQs

    What type of property is this?
    Duplex - Turnkey duplex with 5 bedrooms, 2 bathrooms, full basement with laundry hookups, and off-street parking.
    Where is this duplex located?
    The property is located at 2010 Forestdale Avenue Cleveland, OH.
    What is the asking price?
    The asking price for this property is $129,900.
    What are key features of this property?
    This property features: Approx. 1,800 sq ft duplex with 5 bedrooms and 2 bathrooms total; Updates include newer siding, windows, chimney flashing, plumbing, electrical, carpeting, paint, and an updated bathroom; Full basement with laundry hookups and additional storage
    (216) 238-2167
    We can help!
    Listing Contact
    Sawyer W Dina
    Real Estate License ID: 2016003923
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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