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3,389 sqft

$795,000

2850 Observatory Avenue, Cincinnati OH, 45208

Price per sqft$234.58
Built in1920
Property size3,389 sqft
Property typeResidential
Courtesy of Ohio Broker Direct, 614-989-7215 and Joan Elflein, 6149897215© 2026 OH - MLS of Greater Cincinnati (CINCY). All rights reserved.

Overview

Active

Listed Oct 19, 2026

Updated 2 days ago

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.

$5,289/mo

Est. mortgage payment based on a $795,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1897448
Available since
January 1, 1800

Interior Features

Fireplace
Yes
Cooling
Yes
Heating
Yes
Basement
Yes

Exterior Features

Lot Size
0.19 Acres

Other Property Details

Maintenance Expense
$2,500
Garage
Yes
Municipality
Cincinnati City

The data relating to the real estate for sale on this website comes in part from the Broker Reciprocity program of the OH - MLS of Greater Cincinnati (CINCY).  Real estate listings held by brokerage firms other than Jenny England are marked with the Broker Reciprocity logo or Broker Reciprocity house icon.  The properties displayed may not be all the properties available through Broker Reciprocity.

IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Jenny England shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

© 2026 OH - MLS of Greater Cincinnati (CINCY). All rights reserved.

This data is up-to-date as of 10/20/2026

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