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Sold for $550,000
  • $550,000

    560 Terrace Ave, Cincinnati, OH 45220

    7beds
    3,690sqft
    Multi Family, Triplex
    Built in 1915
    -- sqft lot
    $552,300 Zestimate®
    $149/sqft
    $2,096 Estimated rent

    Home value

    $552,300

    $525,000 - $580,000

    $2,096/mo

    Zestimate® history
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    $2,096/mo

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    $2,096/mo

    Rent Zestimate®

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    $3,613/mo

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    $3,613/mo

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    What's special

    Spacious layouts
    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

    Zillow last checked:

    Listing updated:

    Listed by:

    Walter B. Gibler 513-382-4109,

    Coldwell Banker Realty 513-321-9944,

    Patrick M. Roberts 567-204-6054,

    Coldwell Banker Realty

    Bought with:

    Cory D Behm, 2019006570

    Transaction Alliance LLC

    Source: Cincy MLS,MLS#: 1874341MLS LogoOriginating MLS: Cincinnati Area Multiple Listing Service

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 3
    • Full bathrooms: 3
    Heating
    • Forced Air, Gas
    Cooling
    • Central Air, Separate Air Conditioning
    Features
    • Windows: Storm Window(s), Double Hung, Wood Frames
    • Basement: Full
    • Number of fireplaces: 1
    • Fireplace features: Inoperable
    Interior area
    • Total structure area: 3,690
    • Total interior livable area: 3,690 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: On Street, Driveway
    • Garage spaces: 2
    • Uncovered spaces: 2
    Features
    • Stories: 3
    Lot
    • Size: 6,272 sqft
    Details
    • Parcel number: 2140002004000

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family, Triplex
    Materials
    • Brick
    • Foundation: Stone
    • Roof: Slate
    Condition
    • New construction: No
    • Year built: 1915

    Utilities & green energy

    • Gas: Natural
    • Sewer: Private Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Cincinnati

    HOA & financial

    Other financial information
    • Total actual rent: 4500

    Other

    Other facts
    • Listing terms: No Special Financing,Conventional

    Price history

    DateEventPrice
    5/22/2026Sold$550,000+10.2%$149/sqft
    Source: Cincy MLS #1874341 Report a problem
    4/30/2026Pending sale$499,000$135/sqft
    Source: Cincy MLS #1874341 Report a problem
    4/24/2026Listed for sale$499,000+25.1%$135/sqft
    Source: Cincy MLS #1874341 Report a problem
    9/22/2021Sold$399,000+62.9%$108/sqft
    Source: Cincy MLS #1703521 Report a problem
    10/2/2000Sold$245,000$66/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$8,855 -0.2%$139,650
    2023$8,870 +16.5%$139,650 +27.4%
    2022$7,616 -0.2%$109,613
    2021$7,628 $109,613
    2020$7,628 +1.9%$109,613 +12%
    2019$7,489 +3.8%$97,870 0%
    2018$7,212 $97,871
    2017$7,212 +1.9%$97,871 -6.6%
    2016$7,076 $104,825
    2015$7,076 -0.5%$104,825
    2014$7,114 +8.1%$104,825 +10%
    2013$6,580 +2.3%$95,295
    2012$6,435 +1.5%$95,295
    2011$6,337 +13.8%$95,295 +4.8%
    2010$5,571 +1.7%$90,959
    2009$5,476 +1.5%$90,959
    2008$5,397 +13%$90,959 -1%
    2007$4,778 +1.1%$91,875
    2006$4,726 -1.1%$91,875
    2005$4,780 +1.2%$91,875 +10.5%
    2003$4,723 +6.7%$83,160
    2002$4,426 +5.5%$83,160 +12.4%
    2001$4,197 +2.8%$73,955
    2000$4,083 $73,955

    Find assessor info on the county website

    Neighborhood: Clifton

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $552,300
    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
    $552,300