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  1. Commercial Properties
  2. OH
  3. Cincinnati

Hyde Park Apartments

For Sale

2850 Observatory Ave, Cincinnati, OH 45208

Hyde Park is one of Cincinnati’s most coveted, high-barrier multifamily submarkets, offering real estate investors a rare combination of generational wealth preservation and premium rents. Anchored by an affluent demographic of young professionals and high-earning professionals, the neighborhood boasts exceptionally low default risks and virtually nonexistent vacancy rates. Its strategic central location provides effortless 12-minute commutes to Downtown Cincinnati via I-71, while the immense walkability to Hyde Park Square and Rookwood retail centers commands substantial rental premiums. Because historic zoning severely limits new construction, a grandfathered 4-family property in this submarket represents a scarce, recession-resilient asset with immense upside for investors utilizing a luxury value-add strategy.A rare generational investment opportunity awaits in Cincinnati’s most coveted submarket. Situated on prime real estate just two blocks from the vibrant shopping, dining, and lifestyle of Hyde Park Square, this fully updated 4-family property seamlessly blends historic architectural charm with high-end modern luxury. The property delivers a premium tenant experience, boasting gourmet kitchens outfitted for culinary enthusiasts and updated spa-like baths clad in timeless Carrera marble. Living spaces are anchored by exquisite travertine fireplaces, flooding the units with sophisticated character that commands top-tier market rents. Beyond the luxury interior aesthetics, this asset offers absolute peace of mind and minimal capex for years to come, featuring updated HVAC systems, a brand-new 40-year roof, and a rare 2-car garage. Perfect for a hands-off investor looking to secure a low-vacancy, high-yield asset, or an owner-occupant looking to live luxury-style while tenants pay the mortgage. Don't miss your chance to own a piece of Observatory Avenue!

Key features

  • A+ Premium Location: Unbeatable walkability on Observatory Ave. and an easy stroll to premier shopping at Hyde Park Square.
  • Architectural Character: Distinctive rental appeal featuring striking travertine fireplaces and historic design accents that easily beat out cookie-cutter apartment complexes.
  • Coveted Tenant Parking: Includes a highly sought-after 2-car garage, a rare commodity in historic Hyde Park.
  • High-End Luxury Finishes: Fully renovated units designed to attract affluent, long-term tenants, featuring gourmet kitchens and updated bathrooms finished in premium Carrera marble.
  • Strong Economic Demographics: Tap into an elite tenant pool of young professionals and medical/legal executives, ensuring minimal vacancy rates and an exceptionally low risk of default.
  • Turn-Key Capex Protection: Maximize your cash flow from day one with significant capital improvements already completed, including completely updated HVAC systems and a resilient 40-year roof.

Building Details

  • For Sale $795,000
  • Property Type Multi-Family
  • Property Size 3,689 SF
  • Units 4
  • Lot Size 0.19 Acre
  • Additional Rent Price on request
  • Parking Spaces Avail. 4
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1920
  • Year Renovated 2023
  • Date Updated Oct 28, 2026
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Contacts

broker
Chuck Ciolino, CCIM

SVN | Wilson Commercial Group

Location

  • City Cincinnati, OH
  • Neighborhood Hyde Park
  • Zip Code 45208
  • Market Cincinnati
  • Map
  • Street
  • Walk score 81/100 Very Walkable
  • Transit score 41/100 Some Transit
  • Bike score 59/100 Bikeable
Powered by Walk Score ®

Points of Interest

Hanke Exchange

4.50 miles

Court & Main

4.53 miles

8th & Main

4.56 miles

6th & Main

4.61 miles

Public Library

4.64 miles

Findlay Market–Race

4.65 miles

12th & Vine

4.66 miles

Central Parkway

4.67 miles

4th & Main

4.67 miles

Aronoff Center

4.67 miles

Kroger

0.56 miles

BP

0.67 miles

Shell

0.68 miles

Speedway

1.07 miles

UDF Fuel

1.44 miles

Tesla Supercharger

1.82 miles

Daniels Street Fast Charger

4.05 miles

Clifton Court Garage Charging Station

4.35 miles

FLO

4.67 miles

Church/school Parking

0.16 miles

Church of the Redeemer

0.21 miles

Central Parking

0.39 miles

Mt. Lookout Animal Hospital Parking

0.61 miles

Funeral Home Parking

0.62 miles

Mount Lookout Square

0.67 miles

Chase Parking

0.71 miles

Lot 2

0.96 miles

Lot 1

1.00 miles

Cintas Center East Parking Area

2.03 miles

Mike's Carwash

1.62 miles

Whitewater Express Car Wash

1.81 miles

Soft Cloth Car Wash

2.25 miles

Enterprise

2.33 miles

Rainbow Car Wash

2.35 miles

Self Service Car Wash

3.91 miles

Zipcar

4.09 miles

Mister Bubbles Complete Care Detailing

4.18 miles

Hertz

4.95 miles

Shell

5.42 miles

Unwind Wine Bar & Light Fare

0.32 miles

Green Farm Juicery

0.34 miles

Alfio’s Buon Cibo

0.36 miles

Peace, Love, & Little Donuts

0.39 miles

Al Posto

0.39 miles

Macaron Bar

0.40 miles

Neko Sushi

0.40 miles

Mesa Loca

0.41 miles

The Echo Restaurant

0.41 miles

E+O Kitchen

0.41 miles

Kroger Hyde Park

0.62 miles

Whole Foods Market

0.81 miles

Kohl's

0.88 miles

Freshmarket

1.15 miles

Kroger

1.65 miles

Meijer

1.74 miles

Target

1.77 miles

Walmart Supercenter

1.98 miles

ALDI

2.44 miles

Remke Markets

3.04 miles

Fire Station 46

0.32 miles

CVS Pharmacy

0.67 miles

Cincinnati Police Department District 2

0.68 miles

CareFirst Urgent Care

0.73 miles

Walgreens

0.76 miles

Mayfield Spine Surgery Center

1.07 miles

Mercy Health – Rookwood Medical Center

1.11 miles

Fire Station 31

1.31 miles

Trihealth Rehabilitation Hospital

1.32 miles

Walmart Pharmacy

1.96 miles

Listing Summary

  • Property Financials

    2850 Observatory Ave is currently listed for sale at $795,000 for a price per square foot of $215.51.

  • Property Details

    2850 Observatory Ave totals 3,689 square feet of Multi-Family space on a lot spanning 0.19 acres. The property was initially built in 1920, being last renovated in 2023.

    Based on its location, amenities, and finishes, the property is listed as class B.

    Tenancy at 2850 Observatory Ave is listed as Multi-Tenant, comprising a total of 4 units. There are a total of 4 parking spaces available onsite.

  • Area Characteristics

    2850 Observatory Ave is located in the Hyde Park neighborhood.

    In terms of ease of commuting, the area has a walk score of 81, indicating that it is very walkable.

Contact Chuck Ciolino, CCIM
broker
Chuck Ciolino, CCIM

SVN | Wilson Commercial Group

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