Turn key three family investment property with the opportunity to owner occupy or maximize rental potential with a great location and spacious units. Located in Clifton Gaslight District, recent updates include renovated kitchens and baths in all units, 30 year roof replacement and HVAC updated in 2012, and all water supply lines replaced. The perfect combination of historic details & modern updates with hardwood floors, french doors, and brick fireplaces throughout. Unit 1 & 3 occupied on month to month basis, Unit 2 is currently vacant. Amenities include shared laundry, basement storage, and detached garage with 2 parking spaces for Unit 1. Unit 1 tenants pay gas & electric. Unit 2&3 gas/electric paid by owner. Owner pays water/sewer/trash for all units.
Sold for $475,000
$475,000
508 Terrace Ave, Cincinnati, OH 45220
5beds
3,512sqft
Multi Family, Triplex
Built in 1922
-- sqft lot
$479,000 Zestimate®
$135/sqft
$2,037 Estimated rent
Home value
$479,000
$436,000 - $527,000
$2,037/mo
Zestimate® history
Owner options
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$2,037/mo
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$2,037/mo
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$3,120/mo
Est. payment
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$3,120/mo
Est. payment
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List your homeWhat's special
Modern updatesHistoric detailsRenovated kitchensBrick fireplaces throughoutHardwood floorsFrench doors
Zillow last checked:
Listing updated:
Listed by:
Alicia J Stoughton 513-532-6462,
Keller Williams Advisors 513-766-9200
Bought with:
Robert DiTomassi, 2016000345
Comey & Shepherd
Source: Cincy MLS,MLS#: 1870640
Originating MLS: Cincinnati Area Multiple Listing Service
Originating MLS: Cincinnati Area Multiple Listing Service
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Forced Air, Gas
Cooling
- Window Unit(s), Central Air, Separate Air Conditioning
Features
- Windows: Wood Frames
- Basement: Full
- Number of fireplaces: 2
- Fireplace features: Inoperable
Interior area
- Total structure area: 3,512
- Total interior livable area: 3,512 sqft
Property
Parking
- Total spaces: 2
- Parking features: On Street
- Garage spaces: 2
- Has uncovered spaces: Yes
Features
- Stories: 3
Lot
- Size: 6,621 sqft
- Features: Busline Near
Details
- Parcel number: 2140002005200
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Triplex
Materials
- Brick
- Foundation: Stone
- Roof: Shingle
Condition
- New construction: No
- Year built: 1922
Utilities & green energy
- Gas: Natural
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Cincinnati
HOA & financial
Other financial information
- Total actual rent: 2595
Other
Other facts
- Listing terms: No Special Financing,Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 4/21/2026 | Sold | $475,000+1.3%$135/sqft |
Source:  Cincy MLS #1870640 Report a problem | ||
| 3/8/2026 | Pending sale | $469,000$134/sqft |
Source: Cincy MLS #1870640 Report a problem | ||
| 3/5/2026 | Listed for sale | $469,000+33.2%$134/sqft |
Source: Cincy MLS #1870640 Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 5/25/2013 | Listing removed | $352,000+8.3%$100/sqft |
Source: Owner Report a problem | ||
| 1/28/2013 | Sold | $325,000-7.7%$93/sqft |
Source: Cincy MLS #1329134 Report a problem | ||
| 9/7/2012 | Price change | $352,000-0.8%$100/sqft |
Source: Owner Report a problem | ||
| 7/25/2012 | Listed for sale | $355,000$101/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $9,585 -0.2% | $151,158 |
| 2023 | $9,602 +11.4% | -- |
| 2022 | $8,623 +1.5% | $122,070 |
| 2021 | $8,495 | $122,070 +0% |
| 2020 | $8,495 +1.9% | $122,069 +12% |
| 2019 | $8,339 +3.8% | $108,994 |
| 2018 | $8,031 +0% | $108,994 |
| 2017 | $8,031 +7% | $108,994 -4.2% |
| 2016 | $7,508 | $113,751 |
| 2015 | $7,508 -0.6% | $113,751 |
| 2014 | $7,554 +21.7% | $113,751 +23.8% |
| 2013 | $6,207 +2% | $91,886 |
| 2012 | $6,083 +2.3% | $91,886 |
| 2011 | $5,948 -19.6% | $91,886 -25.1% |
| 2010 | $7,398 +2.6% | $122,711 |
| 2009 | $7,210 +1.6% | $122,711 |
| 2008 | $7,095 +56.4% | $122,711 +36.7% |
| 2007 | $4,536 +1.1% | $89,775 |
| 2006 | $4,486 -1% | $89,775 |
| 2005 | $4,532 -6.6% | $89,775 +2.2% |
| 2003 | $4,852 +6.7% | $87,850 |
| 2002 | $4,547 +7.2% | $87,850 +11.6% |
| 2001 | $4,242 +3.4% | $78,715 |
| 2000 | $4,101 | $78,715 |
Find assessor info on the county website
Neighborhood: Clifton
Nearby schools
GreatSchools rating
- 7/10Clifton Area Neighborhood SchoolGrades: PK-6,8Distance: 0.6 mi
- 3/10Hughes STEM High SchoolGrades: 7-12Distance: 1 mi
- 3/10Robert A. Taft Information Technology High SchoolGrades: 7-12Distance: 2.3 mi
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Estimated market value
$479,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$479,000
- Ohio
- Hamilton County
- Cincinnati
- 45220
- Clifton
- 508 Terrace Ave
Nearby cities
Nearby neighborhoods
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