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Back 6729 Forman Avenue
Off Market

6729 Forman Avenue

Cleveland OH 44105

8
4
0.12 ac.
Duplex
Last sold for $225,000
Erin ThomasErin Thomas, last sold this property on 02 December 2025 after 173 days on market.

Overview

We appraised. We were ready to close and the buyer just disappeared. After 30 days of waiting, his loss is now your gain. This High-yield, turnkey 4-unit property at 6729 Forman Ave was fully renovated less than two years ago with new LVP flooring, modern kitchens and baths, updated mechanicals, and a 2-car garage. This asset is cash flowing now at $2,434/month. Section 8 offers $1129 for 2 bed units in this area, driving the proforma to over $4,400+/month. Expenses run around 40%, keeping your net returns strong, and once fully leased the property projects a cap rate near 20%—rare in today’s market. One vacant unit allows for immediate value-add, without capital investment—simply lease it up and raise rents to market. This brings immediate NOI to @25k/year or a 10.6% cap rate. Mechanicals and electric panels are all less than 2 years old! Tenants pay gas & electric. Recent neighborhood sales at 3893 E 57th ($87,500/unit) and 3620 E 59th ($90,000/unit) show the real upside here. Located in a stable Cleveland neighborhood near employers, transit, shopping, and schools—easy to attract and retain quality tenants. Turnkey, low-maintenance, high yield, and poised for fast appreciation. Opportunities like this don’t last—contact us today for details and a tour.

Features

8 bedrooms
4 bathrooms
0.12 ac. lot size
Duplex

Estimated Value

Based on this property and similar 8 bedroom duplexes sold in Cleveland over the last 12 months, the estimated median property value of 6729 Forman Avenue is $209k.

Median value
$209k
Estimated value range
$60k - $325k
Median days on market
57
Estimated value trend
7%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Cleveland. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 6729 Forman Avenue

2025
Sold
$225,000
02 Dec 2025 by Erin Thomas, of Keller Williams Living
2020
Sold
$27,000
14 Apr 2020

Happy sellers in Cleveland

87%
87% of sellers in Cleveland reported that their sale price either exceeded or met their price expectations.

Cleveland stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 3 reviews in Cleveland over the last 12 months.

Local market activity for 8 bedroom duplexes in Cleveland

In the last 12 months, 10 eight-bedroom duplexes similar to 6729 Forman Avenue, have been sold.

This represents a 10% decrease in eight-bedroom duplexes sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Cleveland

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Roger Peters

Roger Peters is a recommended agent for Cleveland.  They have 3 local sales and collected 1 local review across the last 12 months.

  •   5   (2 reviews)
  •  1 Review in Cleveland
  •  3 Sales in Cleveland
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Rich Ganim

Sellers who recommend Rich Ganim have praised them for being local expert, attentive, clear communication, well-prepared, great negotiation, reliable, and dedicated

  •   5   (40 reviews)
  •  1 Review in Cleveland
  •  3 Sales in Cleveland
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Sharon Padgett

Sharon Padgett is a recommended agent for Cleveland.  They have collected 1 local review across the last 12 months.

  •   4.8   (6 reviews)
  •  1 Review in Cleveland
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Ryan Sackman

Ryan Sackman is a recommended agent for Cleveland.  They have 15 local sales across the last 12 months.

  •  15 Sales in Cleveland
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