Helen Papazyan
Fortune Vine Realty
(424) 363-8052
72 Total Sales
4 in Clifton
$70K - $453K Price Range
560 Terrace Ave Cincinnati, OH 45220
Clifton Neighborhood
--
Bed
--
Bath
3,690
Sq Ft
6,273
Sq Ft Lot
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 2026Located 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
Coldwell Banker Realty License #2014002535 Listed on: 04/17/2026
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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
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 13, 2023
Sold by
Bought by
Purchase Details
Listed on
Jun 10, 2021
Closed on
Sep 22, 2021
Sold by
Bought by
Seller's Agent
Richard Ryan
Comey & Shepherd
Buyer's Agent
Walt Gibler
Coldwell Banker Realty
Sold Price
$399,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$391,773
Interest Rate
2.8%
Mortgage Type
FHA
Purchase Details
Closed on
Apr 11, 2016
Sold by
Bought by
Purchase Details
Closed on
Aug 25, 2000
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,000
Interest Rate
7.98%
Purchase Details
Closed on
May 1, 1998
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Clifton, OH
-
Helen Papazyan
-
Jennifer Pope
Jennifer Pope
Keller Williams Seven Hills Re
(513) 895-9605
56 Total Sales
2 in Clifton
$130K - $250K Price Range
-
Jennifer Allred
Jennifer Allred
Coldwell Banker Realty
(513) 440-3615
175 Total Sales
1 in Clifton
$300,000 Price
-
Arthur Greenlee IV
Arthur Greenlee IV
eXp Realty
(866) 835-4716
106 Total Sales
4 in Clifton
$124K - $245K Price Range
-
Josh Endsley
Josh Endsley
Responds QuicklyLohmiller Real Estate
(513) 810-5723
107 Total Sales
1 in Clifton
$380,000 Price
-
Jayne Riel
Jayne Riel
Plum Tree Realty
(513) 572-3281
95 Total Sales
1 in Clifton
$186,775 Price
Purchase 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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $250 | None Listed On Document | |
| Warranty Deed | $399,000 | None Listed On Document | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $245,000 | -- | |
| Warranty Deed | -- | -- |
Source: Public Records
Mortgage 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 | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $391,773 | FHA | |
| Previous Owner | $163,400 | New Conventional | |
| Previous Owner | $175,500 | Unknown | |
| Previous Owner | $191,750 | Balloon | |
| Previous Owner | $196,000 | No Value Available |
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
-
Walt Gibler
Seller's Agent in 2026
Walt Gibler
Coldwell Banker Realty
(513) 382-4109
8 in this area
550 Total Sales
-
Patrick Roberts
Seller Co-Listing Agent in 2026
Patrick Roberts
Coldwell Banker Realty
(513) 222-0059
1 in this area
43 Total Sales
-
Cory Behm
Buyer's Agent in 2026
Cory Behm
Transaction Alliance LLC
(513) 560-5489
2 in this area
321 Total Sales
-
Richard Ryan
Seller's Agent in 2021
Richard Ryan
Comey & Shepherd
(513) 885-5464
1 in this area
34 Total Sales
Map
Source: MLS of Greater Cincinnati (CincyMLS)
MLS Number: 1874341
APN: 214-0002-0040-00
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