1589 Summit Road

Sold 10/5/26
Sold 10/5/26
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Sold
Last Sold Price
$360,000
4 beds4 baths2,798 sqft

1589 Summit Road, Cincinnati, OH 45237

Multi FamilyProperty Type
0.13 acresLot Size
1942Year Built
$129/sq ftPrice per sq ft
4 carsParking Spaces

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...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.
Listing Agent
  1. Dustin Walters

    Dustin Walters

    Listing Agent

    Coldwell Banker Realty

    P: (513) 716-8935

    CallText
Listing closed: 10/05/2026 12:00 AM • Source: MLS of Greater Cincinnati, MLS#: 1891691
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Location

Sold By Howard Hanna Real Estate Serv

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$2,415 per month

30 year fixed, 7.03% Interest

Principal and Interest

$1,922

Property Taxes

$493

HOA Dues

$0

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Property Information for 1589 Summit Road

Property Details

  • Taxes: $5,918 / year
  • MLS Type: Residential Income / Multi Fam 2-4 units
  • County: Hamilton County
  • View: City
  • Zoning: Multi Family
  • Zoning Details: Multi Family

Building Information

  • Residences: 4
  • Year Built: 1942
  • Lot Size: 0.13 AC / 5,837 SF

Summary

Location and General Information
  • MLS Area Major: Hamilton-E02
  • Area Short Name: E02
  • Directions: 75 to Paddock Rd, to Summit Rd.
  • FIPS Code: 61
  • Census Tract: 271.0
Taxes and HOA
  • Has Association: No
  • Parcel Number: 117-0014-0034-00
  • Semi Annual Taxes: $2959
School Information
  • High School District: Cincinnati City SD
Parking
  • Garage Spaces: 4.0
  • Open Parking Spaces: 4.0
  • Parking Features: Off Street, Onstreet

Property

Lot Information
  • Lot Area: 5837.0
  • Lot Size Acres: 0.134
  • Lot Size Dimensions: 50x120
  • Lot Size Square Feet: 5837.0
  • Lot Size Units: Acres
  • Miscellaneous: Coin Laundry, Smoke Alarm
  • 2nd Floor Area: 1399
Property and Assessments
  • Living Area: 2798.0
  • 3rd Party Approval Required: No
  • Annual Assessmnt Amount: Of Record
  • Has Board Loaded: No
  • New Construction: No
  • Total Buildings: 1
  • Validated: Yes
  • Year Built: 1942
Building Features
  • Foundation Details: Poured
  • Levels: Two
  • Structure Type: Quad
  • Has Additional Dwelling Unit: No
  • Construction Materials: Brick
Utilities
  • Gas: Natural
  • Gas and Electric: 1560.0
  • Sewer: Public Sewer
  • Water Source: Public

Interior and Exterior Features

Exterior Features
  • Other Features: Busline Near
  • Roof: Shingle
Interior Features
  • Appliance Include: 5 Refrigerators, 5 Oven/Ranges
  • Basement: Full
  • Basement Sq Ft: 1399
  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Interior Features: Security System, 220 Volt, Storage Area
  • Separate Air Conditioner: Yes
  • Separate Air Conditioner: Yes
  • Separate Furnace: Yes
  • Separate Gas Electric: Yes
  • Separate Gas Electric: Yes
  • Window Features: Vinyl, Insulated

Multi Family

Multi Family Information
  • Number Of Units Total: 4
Income & Expenses
  • Gross Income: $45,000.00
  • Insurance Expense: $3,241.00
  • Net Operating Income: $32,661.00
  • New Taxes Expense: $5,918.00
  • Water Sewer Expense: $1,620.00

Unit Information

Unit 1
  • Beds Total: 1
  • Full Baths: 1
  • Rent: $900.00
  • Rooms Total: 4
Unit 2
  • Beds Total: 1
  • Full Baths: 1
  • Rent: $950.00
  • Rooms Total: 4
Unit 3
  • Beds Total: 1
  • Full Baths: 1
  • Rent: $1,000.00
  • Rooms Total: 4
Unit 4
  • Beds Total: 1
  • Full Baths: 1
  • Rent: $900.00
  • Rooms Total: 4

Rental

Rent Information
  • 1 Bedroom Rent: $937.50
  • 1 Bedroom Sq Ft: 675
  • 1 Bedroom Units: 4
  • Heat Paid: Tenant
  • Occupancy: Tenant Right
  • Water Paid: Owner
  • Has Lease Considered: No
  • Sub Lease: No

Property History for 1589 Summit Road

DateEvent & SourcePriceAppreciation
Oct 5, 2026

Sold

MLS of Greater Cincinnati #1891691

$360,000—
Sep 8, 2026

Contract Out

MLS of Greater Cincinnati #1891691

—
Aug 25, 2026

Permanently Off Market

MLS of Greater Cincinnati #1883252

$395,000—
DateEvent & SourcePrice
10/05/2026

Sold

MLS of Greater Cincinnati #1891691

$360,000
09/08/2026

Contract Out

MLS of Greater Cincinnati #1891691

—
08/25/2026

Permanently Off Market

MLS of Greater Cincinnati #1883252

$395,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

1589 Summit Road

Total Finished SqFt

2,798 SqFt

Above Grade Finished SqFt

2,798 SqFt

Stories

2

Lot Size

5,837 SqFt

Style

Multi-Family Res (5+ Units)

Year Built

1942

Schools near 1589 Summit Road

This home is within Cincinnati Public Schools.
Rating
School
Type
Grades
Distance
Roselawn Condon Elementary School
Public - PK to 9
Gilbert A. Dater High School
Public - 5 to 12
Withrow University High School
Public - 7 to 12
Walnut Hills High School
Public - 7 to 12
Rating
School
Distance
Roselawn Condon Elementary School
PublicPK to 9

Gilbert A. Dater High School
Public5 to 12

Withrow University High School
Public7 to 12

Walnut Hills High School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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