# 2850 Observatory Avenue, Cincinnati, OH 45208 > **TL;DR:** residential multi family, $795,000 ($235/sqft), built 1920, 3,389 sqft. > Fireplace, 4-car garage. Est. $4,252/mo. Listed 15 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $795,000 | | Price/sqft | $235 | | Square Feet | 3,389 | | Year Built | 1920 | | Lot Size | 8,146 sqft (0.19 acres) | | Garage | 4-car | | Property Type | Residential Multi Family (Other) | | Status | Active | | Days on Market | 15 | ## Why This Home Stands Out - **Large Garage** - 4-car garage ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $4,020 | | Estimated Insurance | $232 | | **Total** | **$4,252** | ## Key Amenities - Fireplace - 4-car garage ## Property Highlights - Built in 1920 - 0.19 acre lot - Fireplace ## Description ### Agent Description 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. ## Location - **Address:** 2850 Observatory Avenue, Cincinnati, OH 45208 - **County:** Hamilton - **Coordinates:** 39.137378, -84.436351 - **Google Maps:** https://www.google.com/maps?q=39.137378,-84.436351 ## Listing Agent - **Name:** Joan Elflein - **Brokerage:** Ohio Broker Direct - **Broker Phone:** (614) 989-7215 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/2850-Observatory-Ave_Cincinnati_OH_45208_M42447-77501?f=listhub&s=CINCYMLS&m=1897448&c=propsimple) ## Photos ![2850 Observatory Avenue - Photo 1](http://lh.rdcpix.com/14735d1a9f888cf2ddfc7b1528e6855dl-f1692193372r.jpg) ![2850 Observatory Avenue - Photo 2](http://lh.rdcpix.com/14735d1a9f888cf2ddfc7b1528e6855dl-f678353006r.jpg) ![2850 Observatory Avenue - Photo 3](http://lh.rdcpix.com/14735d1a9f888cf2ddfc7b1528e6855dl-f4171552796r.jpg) ![2850 Observatory Avenue - Photo 4](http://lh.rdcpix.com/14735d1a9f888cf2ddfc7b1528e6855dl-f2328234808r.jpg) ![2850 Observatory Avenue - Photo 5](http://lh.rdcpix.com/14735d1a9f888cf2ddfc7b1528e6855dl-f4022850716r.jpg) ![2850 Observatory Avenue - Photo 6](http://lh.rdcpix.com/14735d1a9f888cf2ddfc7b1528e6855dl-f2109595202r.jpg) ![2850 Observatory Avenue - Photo 7](http://lh.rdcpix.com/14735d1a9f888cf2ddfc7b1528e6855dl-f4482646r.jpg) ![2850 Observatory Avenue - Photo 8](http://lh.rdcpix.com/14735d1a9f888cf2ddfc7b1528e6855dl-f2286567562r.jpg) ![2850 Observatory Avenue - Photo 9](http://lh.rdcpix.com/14735d1a9f888cf2ddfc7b1528e6855dl-f3400165622r.jpg) ![2850 Observatory Avenue - Photo 10](http://lh.rdcpix.com/14735d1a9f888cf2ddfc7b1528e6855dl-f1725161468r.jpg) ![2850 Observatory Avenue - Photo 11](http://lh.rdcpix.com/14735d1a9f888cf2ddfc7b1528e6855dl-f4192957183r.jpg) ![2850 Observatory Avenue - Photo 12](http://lh.rdcpix.com/14735d1a9f888cf2ddfc7b1528e6855dl-f1115075862r.jpg) ![2850 Observatory Avenue - Photo 13](http://lh.rdcpix.com/14735d1a9f888cf2ddfc7b1528e6855dl-f1090156538r.jpg) ![2850 Observatory Avenue - Photo 14](http://lh.rdcpix.com/14735d1a9f888cf2ddfc7b1528e6855dl-f1659733749r.jpg) ![2850 Observatory Avenue - Photo 15](http://lh.rdcpix.com/14735d1a9f888cf2ddfc7b1528e6855dl-f2480285850r.jpg) ![2850 Observatory Avenue - Photo 16](http://lh.rdcpix.com/14735d1a9f888cf2ddfc7b1528e6855dl-f3240983535r.jpg) ![2850 Observatory Avenue - Photo 17](http://lh.rdcpix.com/14735d1a9f888cf2ddfc7b1528e6855dl-f1105435571r.jpg) ![2850 Observatory Avenue - Photo 18](http://lh.rdcpix.com/14735d1a9f888cf2ddfc7b1528e6855dl-f3171871832r.jpg) --- **MLS#:** 1897448 | **Updated:** 2026-10-19 **Source:** listhub *Copyright © 2026 MLS of Greater Cincinnati, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/2850-observatory-avenue-cincinnati-oh-45208-d304fd56493743b1886e674437856388) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/2850-observatory-avenue-cincinnati-oh-45208-d304fd56493743b1886e674437856388#listing", "url": "https://www.propertysimple.ai/listing/2850-observatory-avenue-cincinnati-oh-45208-d304fd56493743b1886e674437856388", "name": "2850 Observatory Avenue, Cincinnati, OH 45208", "description": "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. 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