Movoto Real Estate
Sold on 04/27/2026
  • Exterior
  • Living
  • Kitchen
  • Entry Way
  • Other
  • Dining
  • Bedroom
  • Bath

560 Terrace Ave, Cincinnati, OH 45220

$550,000

Last sold 04/27/2026 after 10 Days

  • —

    bed

  • —

    bath

  • 3,690

    Sqft ($149/Sqft)

Multi-family not for sale

About 560 Terrace Ave

Property type Multi-family
Neighborhood
Year built 1915
HOA fee $0/month
Lot size 6,273 Sqft
Parking 2 garage spaces
Rental estimate
Property description
Located in the highly desirable Gaslight Clifton neighborhood, 560 Terrace Ave is a solid all-brick three-family asset offering immediate income and long-term appreciation potential. Each unit features spacious layouts with strong tenant appeal, providing a reliable foundation for consistent occupancy. The property has been well maintained, minimizing near-term capital expenditures while preserving the opportunity for strategic value-add. Current rents are below market, presenting a clear path to increased cash flow through rent optimization and targeted improvements. Positioned near major hospitals, the University of Cincinnati, and a dense mix of retail and dining, this location supports strong rental demand and tenant retention, making it a stable investment in one of Cincinnati's most proven rental submarkets.Ideal for investors seeking a turn-key multi-family property with upside potential,560 Terrace offers both immediate income and the ability to enhance returns over t
Listed by
Listing Agent - Walter B Gibler
Listing Office - Coldwell Banker Realty
Source: CincyMLS mls logo
MLS#1874341 • last updated 5 months ago
Movoto checked CincyMLS for data 5 minutes ago
Overview
Cooling/AC Central Air
Heating Forced Air, Gas
Levels/Style Three+
Type Residential Income
MLS # 1874341
Status Sold
SubType Multi Fam 2-4 Units, Triplex
SqFt 3690
Lot Size (SqFt) 6273
Lot Size (Acres) 0.144
Year Built 1915
Interior
Basement Full
Window Features Storm, Double Hung, Wood
Fireplace Inoperable
Exterior
Foundation Stone
Roof Slate
Construction Brick
Garage Rear, Detached
Parking Onstreet, Driveway
# Garage Spaces 2
Amenities / Utilities
Sewer/ Septic Private Sewer
Gas Natural
Water Source Public
Location
County Hamilton
Area Hamilton-E01
High School District Cincinnati City SD
APN 214-0002-0040-00
Multifamily Details
Unit 2: # Full Baths 1
Unit 1: # Bedrooms 2
2-Bedroom: SqFt 702
Unit 1: Rent 1300
Unit 1: # Full Baths 1
Unit 2: # Bedrooms 3
3+ Bedroom: SqFt 1494
Unit 2: # Rooms 7
Heat: Paid By Tenant
Water: Paid By Owner
2-Bedroom: Rent 1300
2-Bedroom: # Units 2
3+ Bedroom: # Units 1
Unit 3: Rent 1300
Unit 3: # Rooms 4
Unit 3: # Bedrooms 2
Unit 1: # Rooms 6
3-Bedroom: Rent 1900
Unit 2: Rent 1900
Unit 3: # Full Baths 1
Separate Furance Yes
Separate Gas/ Electric Yes
Separate Air Conditioning Yes
Net Operating Income 25678
Gross Income 54000
Lot/ Land Details
We are not permitted to show value estimates for this property.
  • May 2026
    mls logo MLS # 1874341
  • May 27, 2026 Sold
    $550,000 (+10.2%)
  • Apr 30, 2026 Pending
    —
  • Apr 17, 2026 Listed
    $499,000 (+25.1%)
  • Oct 2021
    Public Records
  • Oct 4, 2021 Sold
    $399,000
  • Sep 2021
    mls logo MLS # 1703521
  • Sep 22, 2021 Sold
    $399,000
  • Aug 25, 2021 Pending
    —
  • Aug 12, 2021 Price Change
    $399,000 (-9.1%)
  • Jun 10, 2021 Listed
    $439,000
  • Year Property taxes Tax assessment
  • 2025
    $8,867 +0.1%
    $139,650
  • 2024
    $8,855 -0.2%
    $139,650
  • 2023
    $8,870 +16.5%
    $139,650 +27.4%
  • 2022
    $7,616 -0.2%
    $109,614
  • 2021
    $7,628
    $109,614
  • 2020
    $7,628 +1.9%
    $109,614 +12.0%
  • 2019
    $7,489 +3.8%
    $97,871
  • 2017
    $7,212 +1.9%
    $97,871 -6.63%
  • 2016
    $7,076
    $104,825
  • 2015
    $7,076 -0.5%
    —
  • 2014
    $7,114
    —
  • 560 Terrace Ave
    $550K
  • Clifton
    $339K -38% y/y
  • 45220
    $325K -32% y/y
  • Cincinnati
    $290K -3% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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