2850 Observatory Ave, Cincinnati, OH 45208
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2850 Observatory Ave, Cincinnati, OH 45208
2850 Observatory Ave, Cincinnati, OH 45208
2850 Observatory Ave, Cincinnati, OH 45208
2850 Observatory Ave, Cincinnati, OH 45208
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Melissa El Qasem

Melissa El Qasem

+1(513) 252-9321
$ 795,000
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2850 Observatory Ave Cincinnati, OH 45208

3,389 SqFt

UPDATED:

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

Cincinnati MLS (CincyMLS)
Listed by Ohio Broker Direct
cincinnati-ohio-usa-cityscape-image-600nw-2445280827

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+1(513) 252-9321

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2850 Observatory Ave