- Overview
- Description
- Property Details
- Location
- Facts & Features
- Getting Around
No HOA
Street View
$795,000
Monthly Est:$3,957
-- Bed
-- Bath
3,389sqft
2850 Observatory Ave, Cincinnati, OH 45208
$795,000
$3,957/moEst:
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Quadruplex
Built in 1920
$-- HOA
0.19 acre lot
$235/sq.ft
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.
- Houzeo last checked: 5 minutes ago
- Listing updated: October 19, 2026 at 2:02 pm
- Listing Provided by: Joan Elflein (614) 989-7215 | Ohio Broker Direct
- Source: Cincinnati MLS-OH | MLS#: 1897448
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
Year Built
1920
HOA Fees
-
Finished Area
3,389 sqft
Lot Size
0.19 acre lot
Basement Area
- sqft
MLS Name
Cincinnati MLS
MLS Number
1897448
MLS Status
Active
Days on Market
12
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Location
Facts & Features
Rooms
Bedrooms & bathrooms
Bedroom: --
Bathroom: --
Interior
Heating
Gas
Cooling
Central Air
Window Features
Double Hung, Wood
Sewer
Public Sewer
Construction
Year Built
Year Built: 1920
Home type
Quadruplex
Foundation Details
Poured
Roof
Shingle
Construction Materials
Brick
Utilities & Energy
Parking Features
Driveway
Water Source
Public
Basement
Full
Fireplace Features
Electric, Gas
Price History
| Date | Event | Price |
|---|---|---|
10/19/2026 Source: | Listed for Sale | $795,000 -4.22% $235/sqft |
06/20/2022 Source: | Price Increased | $830,000 +50.91% $245/sqft |
05/18/2020 Source: | Price Increased | $550,000 +30455.56% $162/sqft |
10/30/2018 Source: | Price Decreased | $1,800 -10.00% $1/sqft |
02/06/2017 Source: | Sold | $2,000 -98.92% $1/sqft |
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Based on information from the Multiple Listing Service of Greater Cincinnati (alternatively the REALTOR Alliance of Greater Cincinnati) through Oct 31, 2026, 10:15AM. IDX information is provided exclusively for consumers’ personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and the data is deemed reliable but is not guaranteed accurate by the MLS. The listings of some real estate brokerage firms have been excluded. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Copyright 2026, MLS of Greater Cincinnati, Inc. All rights reserved
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