2850 Observatory Avenue, Cincinnati, OH 45208

Cincinnati
Local realty services provided by:ERA Real Solutions Realty
2850 Observatory Avenue,Cincinnati, OH 45208
$795,000
  • - Beds
  • - Baths
  • 3,389 sq. ft.
  • Multi-family
  • Active
Listed by: joan elflein
Office: ohio broker direct614-989-7215
MLS#:1897448
Source:OH_CINCY

Price summary

  • Price:$795,000
  • Price per sq. ft.:$234.58

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.

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Home facts

  • Year built:1920
  • Listing ID #:1897448
  • Added:1 day(s) ago
  • Updated:October 19, 2026 at 04:41 PM

Rooms and interior

  • Basement Description:Full
  • Living area:3,389 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Gas

Structure and exterior

  • Roof:Shingle
  • Year built:1920
  • Building area:3,389 sq. ft.
  • Lot area:0.19 Acres
  • Construction Materials:Brick
  • Foundation Description:Poured
  • Levels:3 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$795,000
  • Price per sq. ft.:$234.58

Parking

  • Total parking spaces:4
  • Parking description:Detached, Driveway, Oversized
  • Garage:Yes
  • Garage spaces:4
MLS LogoInformation deemed reliable but not guaranteed. 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 ERA Real Solutions Realty are marked with the Broker Reciprocity&#8482 logo (the small house as shown to the left) and detailed information about them includes the name of the listing brokers. 2026, MLS of Greater Cincinnati, Inc. All rights reserved.

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