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$360,000
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Property 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 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.
Full Property Details
Full Property Details for 1589 Summit Rd
General
- Sold For: $360,000
- Taxes: $5,918
- Status: Closed
- Type: Multi-Family
- Source: Cincinnati
- MLS ID: 1891691
- Added to Site: 46 day(s) ago
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
- 2nd Level: 1,399 Sq. Ft.
- Year Built: 1942
Unit Information
- 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
- Tax Amount: $5,918
- Tenant Expense: Heat
- Pays Heat: Tenant
- Pays Water: Owner
Disclosures and Reports
- Documents Avail.: Copy of Lease, Rent Roll
- APN: 117-0014-0034-00
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Schools
Schools serving 1589 Summit Rd
School District:Cincinnati City School District
| Name | Grades | Distance |
|---|---|---|
Roselawn Condon Elementary School 1594 Summit Road, Cincinnati, OH 45237 | PK-8 | 0.1 mi |
Woodward Career Technical High School 7005 Reading Road, Cincinnati, OH 45237 | 7-12 | 0.9 mi |
Shroder Paideia High School 5030 Duck Creek Road, Cincinnati, OH 45227 | 7-12 | 3.7 mi |
Clark Montessori High School 3030 Erie Avenue, Cincinnati, OH 45208 | 7-12 | 4.7 mi |
Hughes STEM High School 2515 Clifton Avenue, Cincinnati, OH 45219 | 7-12 | 6 mi |
Robert A. Taft Information Technology High School 420 Ezzard Charles Drive, Cincinnati, OH 45214 | 7-12 | 7.2 mi |
Withrow University High School 2488 Madison Road, Cincinnati, OH 45208 | 7-12 | 4.2 mi |
Walnut Hills High School 3250 Victory Parkway, Cincinnati, OH 45207 | 7-12 | 4.4 mi |
Aiken New Tech High School 5641 Belmont Avenue, Cincinnati, OH 45224 | 7-12 | 4.8 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
Date
Details
Price
Change
Source
10/05/2026
Sold
$360,000
-7.67%
MLS
8/25/2026
Listed
$389,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1589 Summit Rd, Cincinnati, OH 45237 (MLS# 1891691) is a Multi-Family property that was sold at $360,000 on October 05, 2026. This property was listed by Dustin Walters from our Union Centre Regional Office Office.Want to learn more about 1589 Summit Rd? 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.


