501 Terrace Avenue, Cincinnati, OH 45220 - Photo 1

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$350,000 -$100,000 (-22.22%) Price Reduced

For Sale
Active
Duplex
3,348 Sq. Ft.
0.186 Acres
3 Car Garage
Updated 1 hour ago

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Property Description

Prime Clifton Location! This two-family property offers excellent potential for investors or owner occupant looking to generate income. Each unit includes two bedrooms, one bath, generous living and dining spaces. Close to the best of Cincinnati's restaurants, entertainment & universities. The property offers both convenience and long-term value in one of the cities most sought after neighborhoods. Whether you're looking to expand your investment portfolio or live in one unit while generating rental income, this property provides flexibility for both scenarios.

Full Property Details

Full Property Details for 501 Terrace Ave

General

Price: $350,000
Status: Active
Type: Duplex
Source: Cincinnati
MLS ID: 1859104
Updated: 3/5/2026
Added to Site: 141 day(s) ago

Interior

Interior Features: Storage Area
Fireplace(s): Ceramic, Inoperable

Additional Information

Other Features: Corner Lot

Exterior

Exterior Features: Porch, Balcony

Parking

Garage: Yes
Garage Spaces: 3
Parking: On-Street Parking, Garage
Garage Description: Side, Detached

Location

Area: Clifton
County: Hamilton
Township: Cincinnati City
Driving Directions: MLK to Dixmyth to Whitfield turn left on Terrace.

School Information

School District: Cincinnati City SD
High School District: Cincinnati City SD

Heating & Cooling

Central air: Yes
Cooling Type: Central Air Conditioning
Heating Type: Forced Air, Gas
Heating Fuel: Natural

Utilities

Sewer: Public Sewer
Water: Public

Structural Information

# Buildings: 1
Architectural Style: Two Story
Exterior Const.: Aluminum Siding, Brick
Basement: Yes
Basement Desc.: Full
Foundation: Poured
Roof: Shingle
Windows: Casement, Insulated
Stories/Levels: Two
Square Feet: 3,348
Year Built: 1946

Unit Information

2 Bedroom Units: 2

Unit 1

Bedrooms: 2

Unit 2

Bedrooms: 2

Lot Features

Property View: City
Lot Size (Acres): 0.186
Lot Size (Sq. Ft.): 8,102
Zoning: Residential, Multi Family

Financial Considerations

Semi-Annual Taxes: $4496

Disclosures and Reports

APN: 214-0002-0120-00

Buyer's Brokerage Compensation: Contact Listing Agent

Not binding unless confirmed by separate agreement among applicable parties.

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Meet the listing agent

— 501 Terrace Ave —

Nicole Byerly

Email Me

(513) 375-1326 mobile
(513) 321-9944 office

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NMLS#: 1598647

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Schools

Schools serving 501 Terrace Ave

School District:Cincinnati City School District

Name	Grades	Distance
Clifton Area Neighborhood School 3711 Clifton Avenue, Cincinnati, OH 45220	PK-6	0.6 mi
Walnut Hills High School 3250 Victory Parkway, Cincinnati, OH 45207	7-12	2.4 mi
Aiken New Tech High School 5641 Belmont Avenue, Cincinnati, OH 45224	7-12	3.7 mi
Hughes STEM High School 2515 Clifton Avenue, Cincinnati, OH 45219	7-12	0.9 mi
Robert A. Taft Information Technology High School 420 Ezzard Charles Drive, Cincinnati, OH 45214	7-12	2.2 mi
Western Hills University High School 2144 Ferguson Road, Cincinnati, OH 45238	7-12	4.2 mi
Withrow University High School 2488 Madison Road, Cincinnati, OH 45208	7-12	3.8 mi
Woodward Career Technical High School 7005 Reading Road, Cincinnati, OH 45237	7-12	4.6 mi
Shroder Paideia High School 5030 Duck Creek Road, Cincinnati, OH 45227	7-12	6.4 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 501 Terrace Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

3/05/2026

Price Reduced

$350,000

-22.22%

MLS

1/20/2026

Price Reduced

$450,000

-9.82%

MLS

10/15/2025

Listed

$499,000

118.09%

MLS

10/04/2001

Sold

$228,800

—

Public Record

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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 501 Terrace Ave

Year

Property Taxes

Change

Tax Assessment

Change

2025

$9,006

—

$141,061

—

2024

$8,993

—

$141,061

—

2023

$9,009

20%

$141,061

31%

2021

$7,512

-2%

$107,451

—

2022

$7,640

$107,451

—

2020

$7,512

$107,451

12%

2019

$7,368

—

$95,939

—

2018

$7,374

$95,939

—

2017

$7,100

$95,939

2016

$6,722

12%

$88,550

—

2015

$6,012

-1%

$88,550

—

2014

$6,044

$88,550

10%

2013

$5,590

—

$80,500

—

View All

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 501 Terrace Ave

501 Terrace Avenue, Cincinnati, OH 45220 (MLS# 1859104) is a Duplex property with 0 bedrooms and 0 full bathrooms. 501 Terrace Avenue is currently listed for $350,000 and was received on October 15, 2025. This property is listed by Nicole Byerly from our Hyde Park Office.Want to learn more about 501 Terrace Avenue? Do you have questions about finding other Duplex real estate for sale in Clifton? You can browse all Clifton real estate or contact a Coldwell Banker agent to request more information.

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501 Terrace Ave Cincinnati, OH 45220