$550,000
SOLD MAY 22, 2026
-- Bed
-- Bath
3,690 Sq Ft
6,273 Sq Ft Lot Lot

Sale Details

Date Sold: May 22, 2026

$149 Per Sq Ft

10% Above List Price

10 Days on Market

Highlights

  • No HOA
  • Wood Frame Window
  • Storm Windows
  • Walnut Hills High School Rated A+
  • 2 Car Detached Garage
  • Forced Air Heating and Cooling System

About This Home

As of May 2026

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

Last Agent to Sell the Property

Walt Gibler

Coldwell Banker Realty License #2014002535 Listed on: 04/17/2026

Coldwell Banker Realty

Co-Listed By

Patrick Roberts

Coldwell Banker Realty License #2021003690

Last Buyer's Agent

Cory Behm

Transaction Alliance LLC License #2019006570

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,866

Year Built

  • Built in 1915

Lot Details

  • 6,273 Sq Ft Lot

Parking

  • 2 Car Detached Garage
  • 2 Open Parking Spaces
  • Rear-Facing Garage
  • Driveway
  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Stone Foundation
  • Slate Roof

Interior Spaces

  • 3,690 Sq Ft Home
  • 3-Story Property
  • Non-Functioning Fireplace
  • Double Hung Windows
  • Wood Frame Window
  • Basement Fills Entire Space Under The House
  • Storm Windows

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Separate Meters
  • Private Sewer

Community Details

Overview

  • No Home Owners Association

Building Details

  • Gross Income $54,000
  • Net Operating Income $25,678

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,866

Year Built

Built in 1915

Lot Details

6,273 Sq Ft Lot

Parking

2

Listing Details

  • Suburb: Clifton
  • Broker Approved: Yes
  • Census Tract Realist: 72.00
  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Lot Area Realist: 6273.00
  • Suburb S I C: Clifton
  • Year Built: 1915
  • Appliance Include: 3 Fridges, 3 Stoves, 2 D/W, 2 Disposals
  • Separate Air Condi: Yes
  • Separate Gas Elect: Yes
  • Separate Air Cond: Yes
  • Directions: Clifton Ave. to Terrace, or Ludlow to Morrison to Terrace.
  • Lot Measurement: Acres
  • Status: Sold
  • Total Units: 3
  • Property Subtype 1: Multi Fam 2-4 units
  • Occupancy: Negotiable
  • Second Floor Area: 1494
  • ADU Y/N: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Net Operating Income: 25678.00
  • Property Type: Residential Income
  • Separate Furnace: Yes
  • Heat Paid: Tenant
  • Reciprocal Listing: No
  • Semi Annual Taxes: $4433
  • Water Paid: Owner
  • Basement: Full
  • Fireplaces: 1
  • Levels: Three+
  • Zero Selling Price: No
  • Fireplace: Inoperable
  • Fireplaces: 1
  • Available for Lease: No
  • Bldg Sq Ft (Realist): 3690.00
  • Windows: Storm, Double Hung, Wood
  • Two Bedroom Rent: 1300.00
  • Two Bedroom Sq Ft: 702
  • Two Bedroom Units: 2
  • Three+ Bedroom Rent: 1900.00
  • Three+ Bedroom Sq Ft: 1494

Exterior Features

  • Roof: Slate
  • Construction: Brick
  • Foundation: Stone
  • Listing Price: 499000.00
  • Acres: 0.1440
  • New Construction: No

Garage/Parking

  • Garage: Rear, Detached
  • Garage Spaces: 2.00
  • Parking Spaces: 2
  • Parking: Onstreet, Driveway

Utilities

  • Gas: Natural
  • Sewer: Private Sewer
  • Water Source: Public
  • Separate Gas/Elec: Yes

Condo/Co-op/Association

  • HOA Yes/No: No
  • Association: Cincinnati Area Multiple Listing Service

Fee Information

  • Taxes: 8867

Schools

  • District: Cincinnati City SD

Lot Info

  • Lot Size Sq Ft: 6273.00

Rental Info

  • Sub Lease: No

Multi Family

  • Gross Income: 54000.00
  • Total Buildings: 1
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/22/2026 05/22/26 Sold $550,000 +10.2% $149 / Sq Ft
04/27/2026 04/27/26 Pending -- -- --
04/17/2026 04/17/26 For Sale $499,000 +25.1% $135 / Sq Ft
12/21/2021 12/21/21 Off Market $399,000 -- --
09/22/2021 09/22/21 Sold $399,000 0.0% $108 / Sq Ft View Prior Sale
08/23/2021 08/23/21 Pending -- -- --
08/12/2021 08/12/21 For Sale -- -- --
07/01/2021 07/01/21 Off Market $399,000 -- --
06/10/2021 06/10/21 For Sale $439,000 -- $119 / Sq Ft
Source: MLS of Greater Cincinnati (CincyMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,867 $139,650 $27,209 $112,441
2024 $8,855 $139,650 $27,209 $112,441
2023 $8,870 $139,650 $27,209 $112,441
2022 $7,616 $109,614 $24,343 $85,271
2021 $7,606 $109,614 $24,343 $85,271
2020 $7,628 $109,614 $24,343 $85,271
2019 $7,483 $97,871 $21,735 $76,136
2018 $7,489 $97,871 $21,735 $76,136
2017 $7,212 $97,871 $21,735 $76,136
2016 $7,917 $104,825 $21,252 $83,573
2015 $7,076 $104,825 $21,252 $83,573
2014 $7,114 $104,825 $21,252 $83,573
2013 $6,580 $95,295 $19,320 $75,975
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS of Greater Cincinnati (CincyMLS)

MLS Number: 1874341

MLS of Greater Cincinnati (CincyMLS)

APN: 214-0002-0040-00

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