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47 Forest Ave, Cincinnati, OH, 45220

2beds
1baths
848sqft
$47,000
$55price/sqft
$507/moest. monthly cost
$20,280/yrincome needed

About This Home

Investor Special Prime Cincinnati Location! Motivated seller! This centrally located property sits just minutes from the Cincinnati Zoo & Botanical Garden, University of Cincinnati, major hospitals, and ongoing new construction all around the area. Taken down to the studs with some newer electrical and windows already in place. A blank canvas ready for your vision. Possibly 3-4 rooms, ideal for a savvy investor looking to capitalize on area growth. MLS information believed accurate but not guaranteed.

Getting Around

34
WalkingCar-Dependent
48
TransitSome Transit
17
BikeSomewhat Bikeable

Schools

3/10
Hughes STEM High SchoolGrades 7-121.6 mi
8/10
Walnut Hills High SchoolGrades 5-121.7 mi

Construction

Condition

  • Year built: 1890

Materials

  • Foundation: Block
  • Roof: Membrane
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional,Other
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: No Water Heater

Basement

  • Has basement: Yes
  • Basement: Full,Concrete,Unfinished,Other

Bathroom1

  • Features: Full
  • Level: First

Bedroom2

  • Level: First
  • Area: 0

Bedroom3

  • Area: 0

Bedroom4

  • Area: 0

Bedroom5

  • Area: 0

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Room

  • Area: 0

Family Room

  • Area: 0

Features

  • Window features: Aluminum Frames,Double Pane Windows

Heating & Cooling

  • Heating features: None
  • Cooling features: None

Interior Area

  • Total structure area: 848
  • Total interior livable area: 848 sqft

Kitchen

  • Features: Other
  • Area: 0

Living Room

  • Features: Other
  • Area: 0

Master Bathroom

  • Features: Other

Master Bedroom

  • Features: Other
  • Level: First
  • Area: 0

Office

  • Area: 0

Property

Details

  • Parcel number: 2160047003300
  • Zoning description: Residential

Features

  • Levels: One
  • Stories: 1
  • Has view: Yes
  • View description: City

Lot

  • Lot size: 3,223 sqft
  • Features: Less than .5 Acre,Busline Near

Parking

  • Parking features: Off Street,On Street
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Tornado

FEMA Declared Disasters Across Ohio Counties

Flood
Tornado

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $237$2,844
Home Insurance *$18$216
Property Taxes $59$708
Electricity $193$2,320
Total$507$6,084
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$17,382/yr
40% on housing$15,210/yr
45% on housing$13,520/yr

Ohio FAIR Plan Programs

Ohio FAIR Plan Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 13,942Commercial: 466
Total Premiums$18.03M
Total Exposure$5.92B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 12.2%
12.2%
0%30.0%
Electricity Growth Rate10-year average: 5.9%
5.9%
0%15.0%
Property Taxes Growth Rate2-year average: 2.4%
2.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$55This listing

vs Other Active Listings

Avg $/sqft

ZIP 45220$198
Hamilton County$188

vs Homes Sold Last Month

Median $/sqft

ZIP 45220$190
Hamilton County$165

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-02-20Listed for sale$47,000
2025-10-01Listing removed$48,000
2025-08-21Listed for sale$48,000
2025-08-08Pending sale$48,000
2025-06-17Listed for sale$48,000
2025-05-27Pending sale$48,000
2025-05-08Listed for sale$48,000
2024-06-04Listing removed--
2023-11-14Price change$60,000
2023-04-26Listed for sale$75,000
2023-01-24Sold$40,000
2022-11-04Pending sale$40,000
2022-06-21Listed for sale$40,000

For Sale by Agent

AgentMorah T Lynch
BrokerageCutler Real Estate

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