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$445,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Car Garage
  • Updated 11 hours ago
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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.

Full Property Details for 1589 Summit Rd

General

  • Price: $445,000
  • Status: Active
  • Type: Multi-Family
  • Source: Cincinnati
  • MLS ID: 1883252
  • Updated: Today (6/16/2026)
  • Added to Site: Today

Interior

  • Interior Features: Security System, 220 Volts, Storage Area, Coin Laundry, Smoke Alarm
  • Appliances: 5 Refrigerators, 5 Oven/Ranges

Additional Information

  • Other Features: Coin Laundry, Smoke Alarm, Bus Line Nearby

Parking

  • Garage: Yes
  • Garage Spaces: 4
  • Total Spaces: 4
  • Parking: Off-Street Parking, On-Street Parking

Location

  • Area: Roselawn
  • County: Hamilton
  • Driving Directions: 75 to Paddock Rd, to Summit Rd.

School Information

  • School District: Cincinnati City SD
  • High School District: Cincinnati City SD

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central Air Conditioning
  • Separate Air Cond.: Yes
  • Heating Type: Forced Air, Gas
  • Heating Fuel: Natural
  • Separate Furnace: Yes

Utilities

  • Separate Gas/Elect: Yes
  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • # Buildings: 1
  • Architectural Style: Two Story
  • Exterior Const.: Brick
  • Basement: Yes
  • Basement Desc.: Full
  • Foundation: Poured
  • Roof: Shingle
  • Windows: Vinyl, Insulated
  • Stories/Levels: Two
  • Square Feet: 2,798
  • Year Built: 1942

Unit Information

  • Studio/Effic Units: 1
  • Studio/Effic Sq. Ft.: 525
  • 1 Bedroom Units: 4
  • 1 Bedroom Sq. Ft.: 675

Unit 1

  • Bedrooms: 1

Unit 2

  • Bedrooms: 1

Unit 3

  • Bedrooms: 1

Unit 4

  • Bedrooms: 1

Lot Features

  • Property View: City
  • Lot Size (Acres): 0.134
  • Lot Size (Sq. Ft.): 5,837
  • Lot Dimensions: 50 x 120
  • Zoning: Multi Family

Financial Considerations

  • Semi-Annual Taxes: $2959
  • Tenant Expense: Heat
  • Pays Heat: Tenant
  • Pays Water: Owner

Disclosures and Reports

  • Documents Avail.: Copy of Lease, Rent Roll
Buyer's Brokerage Compensation: 3%
Not binding unless confirmed by separate agreement among applicable parties.

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— 1589 Summit Rd —

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 1589 Summit Rd

School District:Cincinnati City School District
NameGradesDistance
Roselawn Condon Elementary School
1594 Summit Road, Cincinnati, OH 45237
PK-80.1 mi
Woodward Career Technical High School
7005 Reading Road, Cincinnati, OH 45237
7-120.9 mi
Shroder Paideia High School
5030 Duck Creek Road, Cincinnati, OH 45227
7-123.7 mi
Clark Montessori High School
3030 Erie Avenue, Cincinnati, OH 45208
7-124.7 mi
Hughes STEM High School
2515 Clifton Avenue, Cincinnati, OH 45219
7-126 mi
Robert A. Taft Information Technology High School
420 Ezzard Charles Drive, Cincinnati, OH 45214
7-127.2 mi
Withrow University High School
2488 Madison Road, Cincinnati, OH 45208
7-124.2 mi
Walnut Hills High School
3250 Victory Parkway, Cincinnati, OH 45207
7-124.4 mi
Aiken New Tech High School
5641 Belmont Avenue, Cincinnati, OH 45224
7-124.8 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1589 Summit Rd Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/16/2026
Listed
$445,000
119.21%
MLS
5/12/2021
Sold
$203,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1589 Summit Rd

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,902
1%
$71,050
—
2024
$5,862
—
$71,050
—
2023
$5,847
94%
$71,050
111%
2021
$3,015
-2%
$33,716
—
2022
$3,070
2%
$33,716
—
2020
$3,015
-8%
$33,716
—
2019
$3,264
—
$33,716
—
2018
$3,265
3%
$33,716
—
2017
$3,162
-6%
$33,716
-4%
2016
$3,355
9%
$35,056
—
2015
$3,083
—
$35,056
—
2014
$3,093
—
$35,056
—
2013
$3,101
—
$35,056
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Recent Sales near 1589 Summit Rd

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Sold by Test Office (937) 223-0900, Test Member

1589 Summit Road, Cincinnati, OH 45237 (MLS# 1883252) is a Multi-Family property with 5 units containing 0 bedrooms and 0 full bathrooms. 1589 Summit Road is currently listed for $445,000 and was received on June 16, 2026. This property is listed by Dustin Walters from our Union Centre Regional Office Office.Want to learn more about 1589 Summit Road? Do you have questions about finding other Multi-Family real estate for sale in Roselawn? You can browse all Roselawn real estate or contact a Coldwell Banker agent to request more information.

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