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 5-unit multifamily property at 1589 Summit Rd! The property has four 1-bedroom units and one efficiency unit, generating $4,400/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 and a basement efficiency unit with two separate entrances/exits. 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 536austindriveunitf.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Cooling: Central Air
Days on Market: 40
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: 5
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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