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Sold on 09/07/2026
  • Other
  • Exterior
  • Living
  • Dining
  • Kitchen
  • Bath
  • Bedroom
  • Entry Way

1589 Summit Rd, Cincinnati, OH 45237

$360,000

Last sold 09/07/2026 after 13 Days

  • —

    bed

  • —

    bath

  • 2,798

    Sqft ($129/Sqft)

Multi-family not for sale
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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 $3,750/month in gross rent. Tenants pay all utilities except water and sewer, keeping expenses low. 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#1891691 • last updated 4 weeks ago
Movoto checked CincyMLS for data 5 minutes ago
Overview
Cooling/AC Central Air
Heating Forced Air, Gas
Levels/Style Two
Type Residential Income
MLS # 1891691
Status Sold
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 937.5
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 1000
Unit 3: # Rooms 4
Unit 3: # Bedrooms 1
Unit 1: # Rooms 4
Unit 2: Rent 950
Unit 4: # Full Bath 1
Unit 3: # Full Baths 1
Separate Furance Yes
Separate Gas/ Electric Yes
Separate Air Conditioning Yes
Net Operating Income 32661
Expense: Insurance 3241
Expense: Water/ Sewer 1620
Gross Income 45000
Lot/ Land Details
We are not permitted to show value estimates for this property.
  • Oct 2026
    mls logo MLS # 1891691
  • Oct 5, 2026 Sold
    $360,000 (-7.7%)
  • Sep 8, 2026 Pending
    —
  • Aug 25, 2026 Listed
    $389,900 (-1.3%)
  • Aug 2026
    mls logo MLS # 1883252
  • Aug 17, 2026 Price Change
    $395,000 (-1.2%)
  • Jul 30, 2026 Price Change
    $399,900 (-4.8%)
  • Jul 23, 2026 Price Change
    $419,900 (+5.0%)
  • Jul 23, 2026 Price Change
    $399,900 (-5.9%)
  • Jul 13, 2026 Price Change
    $425,000 (-2.3%)
  • Jun 23, 2026 Price Change
    $434,900 (-2.3%)
  • Jun 16, 2026 Listed
    $445,000 (+119.2%)
  • May 2021
    mls logo MLS # 1691111
  • May 21, 2021 Sold
    $203,000
  • Apr 7, 2021 Pending
    —
  • Feb 24, 2021 Listed
    $239,500
  • May 2021
    Public Records
  • May 17, 2021 Sold
    $203,000 (-15.2%)
  • Year Property taxes Tax assessment
  • 2025
    $5,902 +0.7%
    $71,050
  • 2024
    $5,862 +0.3%
    $71,050
  • 2023
    $5,847 +90.5%
    $71,050 +110.73%
  • 2022
    $3,070 +1.8%
    $33,716
  • 2021
    $3,015
    $33,716
  • 2020
    $3,015
    $33,716
  • 1589 Summit Rd
    $360K
  • Hamilton-e02
    —
  • 45237
    $225K 0% y/y
  • Cincinnati
    $297K 0% y/y
No chart available
Statistics calculated by Movoto

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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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