For sale

$445,000

1589 Summit Rd, Cincinnati, OH 45237

4beds

2,798sqft

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Multi Family, Apartment

Built in 1942

-- sqft lot

$-- Zestimate^®

$159/sqft

$-- HOA

What's special

Individual furnacesBrickwork in excellent conditionAll new drywallSolid brick building

Exceptional opportunity to own a fully renovated, turnkey 5-unit multifamily property at 1589 Summit Rd! This income-producing asset features four 1-bedroom units and one efficiency unit, generating $4,400/month in gross rental income. Tenants pay all utilities except water, keeping expenses low. One unit is intentionally vacant for easy showings and immediate leasing potential. 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 and a basement efficiency unit with two separate entrances/exits. Annual taxes are currently under $6k. A rare opportunity to acquire a low-maintenance, cash-flowing investment.

20 hours

54

7

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 4
Full bathrooms: 4

Heating

Forced Air, Gas

Cooling

Central Air, Separate Air Conditioning

Appliances

Laundry: Coin Laundry

Features

Storage
Windows: Vinyl, Insulated Windows
Basement: Full
Has fireplace: No
Fireplace features: None

Interior area

Total structure area: 2,798
Total interior livable area: 2,798 sqft

Property

Parking

Total spaces: 8
Parking features: Off Street, On Street
Garage spaces: 4
Uncovered spaces: 4

Features

Levels: Two
Stories: 2
Has view: Yes
View description: City

Lot

Size: 5,837 Square Feet
Dimensions: 50 x 120
Features: Busline Near

Details

Parcel number: 1170014003400
Zoning description: Multi Family

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family, Apartment

Materials

Brick
Foundation: Concrete Perimeter
Roof: Shingle

Condition

New construction: No
Year built: 1942

Utilities & green energy

Electric: 220 Volts
Gas: Natural
Sewer: Public Sewer
Water: Public

Community & HOA

Community

Security: Security System, Smoke Alarm

Location

Region: Cincinnati

Financial & listing details

Price per square foot: $159/sqft
Annual tax amount: $5,918
Date on market: 6/16/2026
Listing terms: No Special Financing
Total actual rent: 4400
Tenant pays: Heat

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/16/2026	Listed for sale	$445,000+119.2%$159/sqft
Source: Cincy MLS #1883252 Report a problem
5/12/2021	Sold	$203,000-15.2%$73/sqft
Source: Cincy MLS #1691111 Report a problem
4/7/2021	Pending sale	$239,500$86/sqft
Source: Cincy MLS #1691111 Report a problem
2/24/2021	Listed for sale	$239,500+219.3%$86/sqft
Source: Cincy MLS #1691111 Report a problem
1/28/1997	Sold	$75,000$27/sqft
Source: Cincy MLS #573927 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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