For Sale

Listed by Joan Elflein

Source: MLS of Greater Cincinnati, Inc. #1897448

2850 Observatory Ave, Cincinnati, OH, 45208

$795,000

6
4
8
3389 sq. ft.
8146 sq. ft.

MultiFam

•

1 day on the market

What's around 2850 Observatory Ave

About this property

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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