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2850 Observatory Avenue, Cincinnati, OH 45208

$795,000
3,389
SqFt
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List Price
$795,000
Status
ACTIVE
MLS#
1897448
Lot Size
8,146
Levels
Three
Region
Hamilton-E04
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(513) 800-9299

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

Lot Dimensions
50 X 150
Acres
0.19
Construction
Brick
Roof
Shingle
Basement Desc
Full
Garage Desc
Oversized, Detached
Garage Spaces
4
Cooling
Central Air
Heating
Gas
Sewer
Public Sewer
Water
Public
School District
Cincinnati City SD
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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.