Hyde Park Apartments

For Sale

2850 Observatory Ave, Cincinnati, OH 45208

This Cincinnati property for sale is located at 2850 Observatory Ave. The general use of Hyde Park Apartments is multi-family and it incorporates 3,689 square feet of class B multi-family space. The current listed sale price for Hyde Park Apartments is $795,000. Hyde Park Apartments is situated on a lot that is 0.19 acre in size.

Contacts

Chuck Ciolino, CCIM

SVN | Wilson Commercial Group

Property Details

  • Property Type Multi-Family
  • Property Size 3,689 SF
  • Units 4
  • Lot Size 0.19 Acre
  • Parking Spaces Avail. 4
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1920
  • Year Renovated 2023
  • Date Updated Nov 11, 2026
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!
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Highlights

  • 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.

Attachments

Getting around

  • 81/100

    Walk Score ®

  • 41/100

    Transit Score ®

  • 59/100

    Bike Score ®

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Location

  • City Cincinnati, OH
  • Neighborhood Hyde Park
  • Zip Code 45208
  • Market Cincinnati

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

  • Residence Inn Cincinnati Midtown/Rookwood

    0.94 miles

  • Courtyard Cincinnati Midtown/Rookwood

    0.97 miles

  • Hilton Garden Inn Midtown

    1.34 miles

  • Homewood Suites

    1.53 miles

  • Holiday Inn Express & Suites Cincinnati NE - Redbank Road

    2.24 miles

  • Days Inn

    2.38 miles

  • Quality Inn & Suites

    2.42 miles

  • Gateway Lodge Motel

    2.71 miles

  • Mariemont Inn

    3.33 miles

  • SpringHill Suites

    3.58 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

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