Active · MLS of Greater Cincinnati

2850 Observatory Avenue

Cincinnati, OH, 45208

$795,000

3,389 sqft · 11 days on market

About this home

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.

Listing courtesy of Ohio Broker Direct. Listed by Joan Elflein.

Tabatha Hamilton is not the listing agent for this home. She can help you as a buyer's agent.

Courtesy of the MLS of Greater Cincinnati.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of the MLS of Greater Cincinnati. Information is deemed reliable but not guaranteed. All measurements are approximate, and listing details may have changed since they were last refreshed. The brokerage named on each listing is the listing office.