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.
For sale
$795,000
2850 Observatory Ave, Cincinnati, OH 45208
6beds
3,389sqft
Multi Family, Quadruplex
Built in 1920
-- sqft lot
$-- Zestimate®
$235/sqft
$-- HOA
What's special
Stunning carrera marbleHigh-end finishes throughoutMasterfully restored rookwood fireplacesBeautifully refinished hardwood floorsSleek glass-enclosed showersGourmet kitchens
- 4 days
- 861
- 59
Zillow last checked:
Listing updated:
Listed by:
Joan Elflein 614-989-7215,
Ohio Broker Direct 614-989-7215
Source: Cincy MLS,MLS#: 1897448
Originating MLS: Cincinnati Area Multiple Listing Service
Originating MLS: Cincinnati Area Multiple Listing Service
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Gas
Cooling
- Central Air, Separate Air Conditioning
Features
- Windows: Double Hung, Wood Frames
- Basement: Full
- Has fireplace: Yes
- Fireplace features: Electric, Gas
Interior area
- Total structure area: 3,389
- Total interior livable area: 3,389 sqft
Property
Parking
- Total spaces: 8
- Parking features: Driveway
- Garage spaces: 4
- Uncovered spaces: 4
Features
- Stories: 3
Lot
- Size: 8,145 Square Feet
- Dimensions: 50 x 150
Details
- Parcel number: 0390006010200
- Zoning description: Multi Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Quadruplex
Materials
- Brick
- Foundation: Concrete Perimeter
- Roof: Shingle
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Gas: Natural
- Sewer: Public Sewer
- Water: Public
Community & HOA
Location
- Region: Cincinnati
Financial & listing details
- Price per square foot: $235/sqft
- Tax assessed value: $830,000
- Annual tax amount: $24,084
- Date on market: 10/19/2026
- Listing terms: No Special Financing
- Total actual rent: 5800
- Tenant pays: Heat
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/19/2026 | Listed for sale | $795,000-4.2%$235/sqft |
Source:  Cincy MLS #1897448 Report a problem | ||
| 7/14/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 7/11/2023 | Listed for rent | $1,895+152.7%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/17/2022 | Sold | $830,000+41.9%$245/sqft |
Source: Cincy MLS #1738765 Report a problem | ||
| 12/30/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 11/16/2021 | Listed for rent | $750-11.8% |
Source: Zillow Rental Manager Report a problem | ||
| 2/25/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 9/26/2020 | Listing removed | $850 |
Source: Owner Report a problem | ||
| 9/6/2020 | Listed for rent | $850-59.5% |
Source: Owner Report a problem | ||
| 5/18/2020 | Listing removed | $585,000$173/sqft |
Source: Comey & Shepherd #1639555 Report a problem | ||
| 5/18/2020 | Listed for sale | $585,000+6.4%$173/sqft |
Source: Comey & Shepherd #1639555 Report a problem | ||
| 5/16/2020 | Listing removed | $2,100$1/sqft |
Source: Comey & Shepherd #1654894 Report a problem | ||
| 5/15/2020 | Sold | $550,000-6%$162/sqft |
Source: Cincy MLS #1639555 Report a problem | ||
| 4/1/2020 | Pending sale | $585,000$173/sqft |
Source: Comey & Shepherd #1639555 Report a problem | ||
| 4/1/2020 | Listed for sale | $585,000$173/sqft |
Source: Comey & Shepherd #1639555 Report a problem | ||
| 3/14/2020 | Listed for rent | $2,100+16.7%$1/sqft |
Source: Comey & Shepherd #1654894 Report a problem | ||
| 1/13/2020 | Pending sale | $585,000$173/sqft |
Source: Comey & Shepherd #1639555 Report a problem | ||
| 12/27/2019 | Listed for sale | $585,000$173/sqft |
Source: Comey & Shepherd #1639555 Report a problem | ||
| 10/2/2019 | Pending sale | $585,000$173/sqft |
Source: Comey & Shepherd #1639555 Report a problem | ||
| 9/27/2019 | Listed for sale | $585,000+62.5%$173/sqft |
Source: Comey & Shepherd #1639555 Report a problem | ||
| 10/28/2018 | Listing removed | $1,800$1/sqft |
Source: www.turbotenant.com Report a problem | ||
| 9/25/2018 | Price change | $1,800-5.3%$1/sqft |
Source: Visconti Real Estate LLC Report a problem | ||
| 8/25/2018 | Listed for rent | $1,900+2.7%$1/sqft |
Source: Visconti Real Estate LLC #1593571 Report a problem | ||
| 1/20/2017 | Listing removed | $1,850$1/sqft |
Source: Visconti Real Estate LLC Report a problem | ||
| 1/18/2017 | Listed for rent | $1,850-19.6%$1/sqft |
Source: Visconti Real Estate LLC Report a problem | ||
| 6/16/2012 | Listing removed | $2,300$1/sqft |
Source: Rental Source Report a problem | ||
| 5/4/2012 | Listed for rent | $2,300$1/sqft |
Source: Cincinnati Home Rentals Report a problem | ||
| 6/25/2002 | Sold | $360,000$106/sqft |
Source: Cincy MLS #786035 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $24,083 +31.1% | $290,500 |
| 2024 | $18,372 -0.2% | $290,500 |
| 2023 | $18,404 +34.2% | $290,500 +50.9% |
| 2022 | $13,710 +2.5% | $192,500 |
| 2021 | $13,370 | $192,500 |
| 2020 | $13,370 +9.2% | $192,500 +20.1% |
| 2019 | $12,240 +3.8% | $160,310 0% |
| 2018 | $11,790 | $160,311 |
| 2017 | $11,790 +41.7% | $160,311 +29.9% |
| 2016 | $8,321 | $123,452 |
| 2015 | $8,321 +2.8% | $123,452 |
| 2014 | $8,096 +1.2% | $123,452 +3% |
| 2013 | $7,997 +1.9% | $119,854 |
| 2012 | $7,845 +2.6% | $119,854 |
| 2011 | $7,645 -3% | $119,854 -9.2% |
| 2010 | $7,886 +3.1% | $132,003 |
| 2009 | $7,652 +1.7% | $132,003 |
| 2008 | $7,523 +8.7% | $132,003 -5% |
| 2007 | $6,923 +1.1% | $138,950 |
| 2006 | $6,847 -1% | $138,950 |
| 2005 | $6,916 +29.3% | $138,950 +40.7% |
| 2003 | $5,350 +6.7% | $98,770 |
| 2002 | $5,014 +10.7% | $98,770 +16.4% |
| 2001 | $4,529 +3.4% | $84,840 |
| 2000 | $4,380 | $84,840 |
Find assessor info on the county website
Monthly payment
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Neighborhood: Hyde Park
- $--2 bd1 ba1k sqft2850 Observatory Ave FLOOR 1, Cincinnati, OH 45208Off Market
- $---- bd-- ba-- sqft2850-2852 Observatory Ave, Cincinnati, OH 45208Off Market
- $--1 bd1 ba550 sqft2852 Observatory Ave #3, Cincinnati, OH 45208Off Market
- $--2 bd1 ba1.3k sqft2852 Observatory Ave UNIT 2, Cincinnati, OH 45208Off Market
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