1589 Summit Road

Cincinnati, OH 45237

$445,000
Price
4
Beds
4
Baths
2,798 Sq. Ft.
$159 / Sq. Ft.
2,798
Sq. Ft.
$159
per Sq. Ft.
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New
New

Description

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,...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.
  1. Listed by Dustin Walters • Brokerage DRE #2008002491 • Coldwell Banker Realty
    P: (513)-716-8935 dustin.walters@cbrealty.com

Property Details for 1589 Summit Road

View
City
Zoning
Multi Family
Zoning Details
Multi Family
LISTING UPDATED: 06/16/2026 09:55 AM

Property Details for 1589 Summit Road

StatusActive
MLS #1883252
Days on MarketListed Today
Taxes$5,918 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income / Multi Fam 2-4 units
Year Built1942
Lot Size0.13 AC / 5,837 SF
CountyHamilton County
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Location

Listing Courtesy of Coldwell Banker Realty
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Building Information for 1589 Summit Road

Stories-Residences5Year Built1942Building Size-Lot Size0.13 AC / 5,837 SF

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$2,711 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,217

Property Taxes

$493

HOA Dues

$0

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Property Information for 1589 Summit Road

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
  • 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: No
  • Year Built: 1942
Building Features
  • Foundation Details: Poured
  • Levels: Two
  • Structure Type: Apartment 5+
  • Has Additional Dwelling Unit: No
  • Construction Materials: Brick
Utilities
  • Gas: Natural
  • 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: 5
Income & Expenses
  • Gross Income: $52,800.00
  • New Taxes Expense: $5,918.00
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: $900.00
  • Rooms Total: 4
Unit 3
  • Beds Total: 1
  • Full Baths: 1
  • Rent: $900.00
  • Rooms Total: 4
Unit 4
  • Beds Total: 1
  • Full Baths: 1
  • Rent: $900.00
  • Rooms Total: 4
Rental
Rent Information
  • 1 Bedroom Rent: $900.00
  • 1 Bedroom Sq Ft: 675
  • 1 Bedroom Units: 4
  • Efficiency Rent: $800.00
  • Efficiency Sq Ft: 525
  • Efficiency Units: 1
  • Heat Paid: Tenant
  • Occupancy: Tenant Right
  • Water Paid: Owner
  • Has Lease Considered: No
  • Sub Lease: No

Property History for 1589 Summit Road

DateEvent & SourcePriceAppreciation
Jun 16, 2026

Listed (Active)

MLS of Greater Cincinnati #1883252

$445,000—
May 12, 2021

Sold

MLS of Greater Cincinnati #1691111

$203,000—
May 12, 2021

Sold (Public Record)

Public Record #1463469438

$203,000—
DateEvent & SourcePrice
06/16/2026

Listed (Active)

MLS of Greater Cincinnati #1883252

$445,000
05/12/2021

Sold

MLS of Greater Cincinnati #1691111

$203,000
05/12/2021

Sold (Public Record)

Public Record #1463469438

$203,000

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

Public Records for 1589 Summit Road

Taxable ValueLand$9,506Additions$24,210Total$33,716
Tax Record2021$3,015 ($251 / month)
Home Facts
Total Finished SqFt2,798 SqFtAbove Grade Finished SqFt2,798 SqFtUnfinished Basement SqFt1,399 SqFtStories2Lot Size5,837 SqFtStyleMulti-Family Res (5+ Units)Year Built1942CountyHAMILTONAPN117-0014-0034-00

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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More information about 1589 Summit Road, Cincinnati, OH 45237

1589 Summit Road is a multi-family home for sale in Cincinnati, OH 45237. This property was listed for sale on June 16, 2026 by Coldwell Banker Realty, it's currently listed at $445,000. It has been on the market for a total of 0 days and was last sold on May 12, 2021. This listing's school district is Cincinnati Public Schools. Nearby schools include Roselawn Condon Elementary School, Gilbert A. Dater High School and Withrow University High School. 1589 Summit Road is a 4-bed, 4-bath, 2,798 sqft multi-family home built in 1942.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty

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