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513-486-4479
Real Estate Company
2850 Observatory Avenue, Cincinnati, OH 45208
- $795,000
- 3,389
- SqFt
- List Price
- $795,000
- Status
- ACTIVE
- MLS#
- 1897448
- Property Type
- Multifamily
- Fireplace
- Electric, Gas
- Lot Size
- 8,146
- Levels
- Three
- County
- Hamilton
- Region
- Hamilton-E04
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.
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Additional Information
- Year Built
- 1920
- Lot Dimensions
- 50 X 150
- Acres
- 0.19
- Construction
- Brick
- Roof
- Shingle
- Basement Desc
- Full
- Garage/Carport
- Oversized, Detached
- Garage Spaces
- 4
- Cooling
- Central Air
- Heating
- Gas
- Sewer
- Public Sewer
- Water
- Public
- Primary Water Source
- Public
- School District
- Cincinnati City SD
- Levels
- Three
- Foundation
- Poured
- Gas
- Natural
- Fireplace
- Electric, Gas
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ program of the Multiple Listing Service of Greater Cincinnati. Real estate listings held by brokerage firms other than our company are marked with the Broker Reciprocity™ logo (the small house as shown to the left) and detailed information about them includes the name of the listing brokers. This data is up-to-date as of . Copyright 2026, MLS of Greater Cincinnati, Inc. All rights reserved. Information deemed reliable but not guaranteed.