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Property Description
Premier mixed-use investment opportunity in the heart of Cincinnati's Clifton Gaslight District. Positioned at the signalized, high-visibility corner of Clifton and Ludlow Avenues between Skyline Chili and Dewey's Pizza, this landmark 12,538 SF asset delivers a compelling combination of stable cash flow, irreplaceable location, and value-add potential. Built in 1910, the property features a first-floor restaurant occupied by J. Gumbo's, eight well-maintained residential units (2 lofts, 3 one-bedroom, and 3 two-bedroom apartments), 21 dedicated parking spaces, an on-site laundry room, and a large basement. Strong tenant demand, long-term occupancy, and below-market apartment rents provide an opportunity to increase future income. Trophy assets in this premier urban neighborhood rarely become available, making 288 Ludlow Avenue an exceptional opportunity for investors seeking a high-quality, income-producing property with long-term appreciation potential.
Full Property Details
Full Property Details for 288 Ludlow Ave
General
- Price: $1,950,000
- Status: Active
- Type: Business
- Source: Cincinnati
- MLS ID: 1888226
- Updated: 8/3/2026
- Added to Site: 1 day(s) ago
Business
- Business Type: Restaurant
Interior
- Rooms/Areas: Kitchen
- Interior Features: Display Window
- Flooring: Carpet, Wood
Rooms
Bathrooms
- Restrooms: 11
Exterior
- Exterior Features: Sidewalks, Lights
Parking
- Parking: Private, Lot, On-Site Parking, On-Street Parking, Assigned, Asphalt, Fenced
Location
- Area: Clifton
- County: Hamilton
- Township: Cincinnati City
- Cross Streets: Clifton Ave
- Driving Directions: use gps
- Location Details: Business District, Multi-Tenant, Residential Area, Commercial Area
Heating & Cooling
- Central air: Yes
- Cooling Type: Central Air Conditioning, Window Air Conditioning
- Heating Type: Baseboard, Forced Air
- Heating Fuel: Natural
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- # Buildings: 1
- Construction: Brick
- Basement: Yes
- Basement Desc.: Full
- Foundation: Poured
- Roof: Membrane
- Stories/Levels: 0
- Square Feet: 12,538
- Living Area: 12,538 Sq. Ft.
- Current Bldg. Use: Business, Commercial, Food Service, Multi-Tenant, Restaurant
- Year Built: 1910
Lot Features
- Lot Size (Acres): 0.2347
- Lot Size (Sq. Ft.): 10,224
- Lot Dimensions: of record
- Frontage: City
- Lot Access: Public
- Zoning: Multi Family, Business
Financial Considerations
- Tax Amount: $16, 917
- Owner Pays: Taxes, Gas, Water, Sewer, Insurance, Internal Maintenance, External Maintenance, Common Area Maint, Trash Removal, Other
- Tenant Pays: Electricity
- Tenant Expense: Electricity
Disclosures and Reports
- Documents Avail.: Aerial Photo, Copy of Lease, Floor Plan, Rent Roll
- APN: 217-0050-0092-00
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.
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Schools
Schools serving 288 Ludlow Ave
School District:Cincinnati City School District
| Name | Grades | Distance |
|---|---|---|
Clifton Area Neighborhood School 3711 Clifton Avenue, Cincinnati, OH 45220 | PK-6 | 0.5 mi |
Walnut Hills High School 3250 Victory Parkway, Cincinnati, OH 45207 | 7-12 | 2.1 mi |
Withrow University High School 2488 Madison Road, Cincinnati, OH 45208 | 7-12 | 3.6 mi |
Hughes STEM High School 2515 Clifton Avenue, Cincinnati, OH 45219 | 7-12 | 1 mi |
Robert A. Taft Information Technology High School 420 Ezzard Charles Drive, Cincinnati, OH 45214 | 7-12 | 2.3 mi |
James N. Gamble Montessori High School 3036 Werk Road, Cincinnati, OH 45211 | 7-12 | 4.4 mi |
Aiken New Tech High School 5641 Belmont Avenue, Cincinnati, OH 45224 | 7-12 | 3.7 mi |
Woodward Career Technical High School 7005 Reading Road, Cincinnati, OH 45237 | 7-12 | 4.3 mi |
Riverview East Academy 3555 Kellogg Avenue, Cincinnati, OH 45226 | 9-12 | 4.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 288 Ludlow Ave
Date
Details
Price
Change
Source
8/03/2026
Listed
$1,950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 288 Ludlow Ave
Year
Property Taxes
Change
Tax Assessment
Change
2025
$16,917
1%
$203,903
—
2024
$16,804
—
$203,902
—
2023
$16,761
3%
$203,902
12%
2021
$16,213
-2%
$181,794
—
2022
$16,490
2%
$181,794
—
2020
$16,213
15%
$181,794
38%
2019
$14,047
10%
$131,947
—
2018
$12,752
3%
$131,947
—
2017
$12,350
-10%
$131,947
-8%
2016
$13,758
8%
$144,040
—
2015
$12,702
—
$144,040
—
2014
$12,745
-2%
$144,039
-2%
2013
$13,040
—
$146,979
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 288 Ludlow Ave
288 Ludlow Avenue, Cincinnati, OH 45220 (MLS# 1888226) is a Business property. 288 Ludlow Avenue is currently listed for $1,950,000 and was received on August 03, 2026. This property is listed by Laura Benson from our Hyde Park Regional Office.Want to learn more about 288 Ludlow Avenue? Do you have questions about finding other Business real estate for sale in Clifton? You can browse all Clifton real estate or contact a Coldwell Banker agent to request more information.


