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1589 Summit Rd, Cincinnati, OH 45237

  • $399,900

  • —

    bed

  • —

    bath

  • 2,798

    Sqft ($143/Sqft)

Multi-family for sale 45 days
$20K price drop
61 homes bought nearby with Movoto recently

About 1589 Summit Rd

Property type Multi-family
Neighborhood
Year built 1942
HOA fee $0/month
Lot size 5,837 Sqft
Parking 4 garage spaces
Rental estimate
Property description
Exceptional opportunity to own a fully renovated, turnkey multifamily property at 1589 Summit Rd! The property has four 1-bedroom units that are generating $3,600/month in gross rent. Tenants pay all utilities except water and sewer, keeping expenses low. One unit is intentionally vacant for easy showings and immediate leasing potential. Smoke and pet-free building. Extensively renovated within the past 3 years, improvements include all new drywall, electrical, plumbing, windows, roof, gutters, individual furnaces, central A/C units, remodeled kitchens with updated appliances, and high-end marble and tile finishes throughout. The solid brick building has been meticulously maintained, with brickwork in excellent condition. Additional features include two sump pumps for added protection. Annual taxes are currently under $6k. A rare opportunity to acquire a low-maintenance, cash-flowing investment.
Listed by
Listing Agent - Dustin Walters
Listing Office - Coldwell Banker Realty
Source: CincyMLS mls logo
MLS#1883252 • last updated 1 day ago
Movoto checked CincyMLS for data 5 minutes ago
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Overview
Cooling/AC Central Air
Heating Forced Air, Gas
Levels/Style Two
Type Residential Income
MLS # 1883252
Status Active
SubType Multi Fam 2-4 Units, Quad
SqFt 2798
Lot Size (SqFt) 5837
Lot Size (Acres) 0.134
Year Built 1942
Interior
Basement Full
Window Features Vinyl, Insulated
Interior Features Security System, 220 Volt, Storage Area
Fireplace None
Exterior
Foundation Poured
Roof Shingle
Construction Brick
Garage None
Parking Off Street, Onstreet
# Garage Spaces 4
Amenities / Utilities
Sewer/ Septic Public Sewer
Gas Natural
Gas/ Electric 1560
Water Source Public
Other Features Busline Near
Miscellaneous Coin Laundry, Smoke Alarm
Location
View City
County Hamilton
Area Hamilton-E02
High School District Cincinnati City SD
APN 117-0014-0034-00
Multifamily Details
1-Bedroom: # Units 4
Unit 2: # Full Baths 1
1-Bedroom: Rent 900
Unit 4: Rent 900
Unit 1: # Bedrooms 1
Unit 4: # Rooms 4
Unit 1: Rent 900
Unit 1: # Full Baths 1
Unit 2: # Bedrooms 1
Unit 2: # Rooms 4
Heat: Paid By Tenant
Water: Paid By Owner
Unit 4: # Bedrooms 1
1-Bedroom: SqFt 675
Unit 3: Rent 900
Unit 3: # Rooms 4
Unit 3: # Bedrooms 1
Unit 1: # Rooms 4
Unit 2: Rent 900
Unit 4: # Full Bath 1
Unit 3: # Full Baths 1
Separate Furance Yes
Separate Gas/ Electric Yes
Separate Air Conditioning Yes
Net Operating Income 30861
Expense: Insurance 3241
Expense: Water/ Sewer 1620
Gross Income 43200
Lot/ Land Details
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4/10
Roselawn Condon Elementary School
public Grades PK, K-8
Cincinnati Public Schools
2/10
Woodward Career Technical High School
public Grades 4-12
Cincinnati Public Schools
3/10
Shroder Paideia High School
public Grades 2, 6-12
Cincinnati Public Schools
2/10
Withrow University High School
public Grades 5-12
Cincinnati Public Schools
9/10
Walnut Hills High School
public Grades 5-12
Cincinnati Public Schools
Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
  • OH
  • Hamilton County
  • Cincinnati
  • 45237
  • 1589 Summit Rd

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