18
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$795,000
Est. payment /mo
3,389 SqFt
Active
2850 Observatory Ave Cincinnati, OH 45208
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Key Details
Property Type Multi-Family
Sub Type Multi Fam 2-4 units
Listing Status Active
Purchase Type For Sale
Square Footage 3,389 sqft
Price per Sqft $234
MLS Listing ID 1897448
Year Built 1920
Lot Size 8,145 Sqft
Lot Dimensions 50 X 150
Property Sub-Type Multi Fam 2-4 units
Source Cincinnati Multiple Listing Service
Property Description
Generational investment opportunity in the heart of Hyde Park! This extraordinary 4-unit estate has been meticulously updated to combine historic elegance with modern luxury, making it a rare crown jewel for discerning investors. The property boasts high-end finishes throughout, including stunning Carrera marble, gourmet kitchens, sleek glass-enclosed showers, beautifully refinished hardwood floors, and masterfully restored Rookwood fireplaces. Beyond its aesthetic appeal, the building offers exceptional peace of mind with extensive capital improvements, featuring updated HVAC, plumbing, and electrical systems, alongside a durable 40-year roof. The asset delivers immediate, strong cash flow across four distinct layouts, featuring two 1-bedroom units renting for $1,000 per month each, a 2-bedroom unit renting for $1,800 per month, and a second 2-bedroom unit commanding $2,000 per month.
Location
State OH
County Hamilton
Area Hamilton-E04
Zoning Multi Family
Rooms
Basement Full
Interior
Heating Gas
Cooling Central Air
Fireplaces Type Electric, Gas
Window Features Double Hung,Wood
Exterior
Parking Features Oversized, Detached
Garage Spaces 4.0
Garage Description 4.0
View Y/N No
Water Access Desc Public
Roof Type Shingle
Building
Foundation Poured
Sewer Public Sewer
Water Public
Level or Stories Three
New Construction No
Schools
School District Cincinnati City Sd
Listed by Ohio Broker Direct
Nearby Locations
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