1589 Summit Rd Cincinnati, OH 45237
Roselawn NeighborhoodEstimated payment $2,689/month
Highlights
- City View
- Home Security System
- Forced Air Heating and Cooling System
- No HOA
- Storage
- Coin Laundry
About This Home
Exceptional opportunity to own a fully renovated, turnkey multifamily property at 1589 Summit Rd! The property has four 1-bedroom units that are generating $3,600/month in gross rent. Tenants pay all utilities except water and sewer, keeping expenses low. One unit is intentionally vacant for easy showings and immediate leasing potential. 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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,918
Year Built
- Built in 1942
Lot Details
- 5,837 Sq Ft Lot
- Lot Dimensions are 50x120
Parking
- 4 Open Parking Spaces
- 4 Car Garage
- On-Street Parking
- Off-Street Parking
Home Design
- Brick Exterior Construction
- Poured Concrete
- Shingle Roof
Interior Spaces
- 2,798 Sq Ft Home
- 2-Story Property
- Vinyl Clad Windows
- Insulated Windows
- Storage
- City Views
- Basement Fills Entire Space Under The House
Home Security
- Home Security System
- Fire and Smoke Detector
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Gas
- Separate Meters
- 220 Volts
Community Details
Building Details
- Insurance Expense $3,241
- Water Sewer Expense $1,620
- Gross Income $43,200
- Net Operating Income $30,861
Additional Features
- No Home Owners Association
- Coin Laundry
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $5,902 | $71,050 | $9,520 | $61,530 |
| 2024 | $5,862 | $71,050 | $9,520 | $61,530 |
| 2023 | $5,847 | $71,050 | $9,520 | $61,530 |
| 2022 | $3,070 | $33,716 | $9,506 | $24,210 |
| 2021 | $3,012 | $33,716 | $9,506 | $24,210 |
| 2020 | $3,015 | $33,716 | $9,506 | $24,210 |
| 2019 | $3,264 | $33,716 | $9,506 | $24,210 |
| 2018 | $3,265 | $33,716 | $9,506 | $24,210 |
| 2017 | $3,162 | $33,716 | $9,506 | $24,210 |
| 2016 | $3,355 | $35,056 | $9,408 | $25,648 |
| 2015 | $3,083 | $35,056 | $9,408 | $25,648 |
| 2014 | $3,093 | $35,056 | $9,408 | $25,648 |
| 2013 | $3,101 | $35,056 | $10,010 | $25,046 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/30/2026 07/30/26 | Price Changed | $399,900 | -4.8% | $143 / Sq Ft | |
| 07/24/2026 07/24/26 | Price Changed | $419,900 | +5.0% | $150 / Sq Ft | |
| 07/23/2026 07/23/26 | Price Changed | $399,900 | -5.9% | $143 / Sq Ft | |
| 07/13/2026 07/13/26 | Price Changed | $425,000 | -2.3% | $152 / Sq Ft | |
| 06/23/2026 06/23/26 | Price Changed | $434,900 | -2.3% | $155 / Sq Ft | |
| 06/16/2026 06/16/26 | For Sale | $445,000 | +119.2% | $159 / Sq Ft | |
| 05/25/2022 05/25/22 | Off Market | $203,000 | -- | -- | |
| 05/12/2021 05/12/21 | Sold | $203,000 | -15.2% | -- | View Prior Sale |
| 04/05/2021 04/05/21 | Pending | -- | -- | -- | |
| 02/24/2021 02/24/21 | For Sale | $239,500 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $203,000 | Home Services Title Llc | |
| Deed | $600,000 | -- | |
| Warranty Deed | $75,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $150,500 | Purchase Money Mortgage | |
| Previous Owner | $559,200 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $721,400 | Future Advance Clause Open End Mortgage |
Source: MLS of Greater Cincinnati (CincyMLS)
MLS Number: 1883252
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