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$295,000
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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
- Sold For: $295,000
- Taxes: $8,993
- Status: Closed
- Type: Duplex
- Source: Cincinnati
- MLS ID: 1859104
- Added to Site: 248 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
- 2nd Level: 1,674 Sq. Ft.
- 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
- Tax Amount: $8,993
Disclosures and Reports
- APN: 214-0002-0120-00
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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 |
James N. Gamble Montessori High School 3036 Werk Road, Cincinnati, OH 45211 | 7-12 | 4.1 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 |
Riverview East Academy 3555 Kellogg Avenue, Cincinnati, OH 45226 | 9-12 | 4.8 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 501 Terrace Ave
Date
Details
Price
Change
Source
5/15/2026
Sold
$295,000
-15.71%
MLS
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
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
501 Terrace Avenue, Cincinnati, OH 45220 (MLS# 1859104) is a Duplex property that was sold at $295,000 on May 15, 2026. This property was listed by Nicole Byerly from our Hyde Park Regional 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.


