1589 Summit RoadCincinnati, OH 45237

1589 Summit RoadCincinnati, OH 45237

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$419,900 Active
Multi Unit - Multiple MLS 1883252
0 beds Bathrooms 2,798 sqft
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Listed By

Agency Name: Coldwell Banker Realty
Agent Name: Dustin Walters
Agency Phone: 513-777-7900

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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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 $3,600/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.

1589 Summit Road | MLS# 1883252

This multi-family property located at 1589 Summit Road, Cincinnati, OH 45237 is currently listed for sale with an asking price of $419,900. Summit Road is located within the Cincinnati school district. Search Cincinnati real estate on 2462laneroad.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Cooling: Central Air
Days on Market: 44
Fireplaces: 0
Garage: 4
Heating: Forced Air, Gas
Lot Size: 0.13 Acres
Roof Type: Shingle
Stories: 2.0
Taxes: $5,918
Year Built: 1942

Amenities

Security System
220 Volt
Storage Area

Feature Descriptions

Exterior: Brick
Fireplace Features: None
Foundation: Poured
Gas: Natural
Lot Dimensions: 50x120
Miscellaneous: Coin Laundry, Smoke Alarm
Other Features: Busline Near
Parcel #: 117-0014-0034-00
Parking: Off Street, Onstreet
Security: yes
Sewer: Public Sewer
Special View Info: City
SQFT Basement: 1399
Total Buildings: 1
Units: 4
Water: Public
Window Features: Vinyl, Insulated

Local Schools

School District: Cincinnati

Demographics

Hamilton County Demographic Information for 1589 Summit Road, Cincinnati, OH 45237
Fips
Fips Code 39061
Population
2020 to 2025 Change up 0.9%
2010 Count 802,374
2020 Count 830,639
2025 Estimate (V2025) 838,418
2020 Estimate (V2025) 830,628
Age Distribution (Years Old)
0 to 4 6.1%
5 to 17 22.6%
18 to 64 54.0%
65 and Older 17.3%
Gender
Male 48.6%
Female 51.4%
Place of Birth
Foreign 6.3%
US 93.7%
Education
High School Graduate, Age 25+ 92.7%
Bachelor's Degree or Higher, Age 25+ 41.8%
Computer and Internet use
Households with a computer 95.1%
Households with a broadband Internet subscription 91.3%
Language
English is Second Language, Age 5+ 8.1%
English is First Language, Age 5+ 91.9%
Veterans
Veterans 34,838
Income
Per Capita Income $45,936
Median Household Income $72,470
People in Poverty 14.2%
Commute
Average Work Commute Time 23 minutes
Housing
Total Housing Units 381,690
Households 354,739
Average Household Size 2.29
Owner-Occupied 59.3%
Multi-Family 35.8%
Owner-Occupied Median Value $241,900
Median selected monthly owner costs -with a mortgage $1,673
Median selected monthly owner costs -without a mortgage $707
Median gross rent $1,075
Building Permits
New Private Housing Issued 2024 822
Years at Residence
1 Year or More 86.3%
Less Than 1 Year 13.7%
Business and Employment
Private non-farm Establishments 21,087
Private non-farm Employment 529,211
Private non-farm Employment Growth down 1.0%
Nonemployer Establishments 66,999
Number of Firms 14,937
Business Production
Value of Shipments $23,656,887,000
Wholesale Trade $16,309,476,000
Retail Trade $13,273,606,000
Retail Sales Per Capita $14,411
Accommodation and Food Services $2,445,265,000
Land
Land Area 405.91 sq. miles
Population Per Square Mile 1,977

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 2,766.57 per month $2,150.93 Principal & Interest $493.17 Property Tax $122.47 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Croos Country Mortgage
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