560 Terrace Avenue, Cincinnati, OH 45220 - Photo 1

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$499,000 Sale Pending

For Sale
Pending
Triplex
3,690 Sq. Ft.
0.144 Acres
2 Car Garage

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Property Description

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

Full Property Details

Full Property Details for 560 Terrace Ave

General

Price: $499,000
Status: Pending
Type: Triplex
Source: Cincinnati
MLS ID: 1874341
Updated: 4/30/2026
Added to Site: 40 day(s) ago

Interior

Fireplace: Yes
Number of Fireplaces: 1
Fireplace(s): Inoperable
Appliances: 3 Fridges, 3 Stoves, 2 D/W, 2 Disposals

Parking

Garage: Yes
Garage Spaces: 2
Total Spaces: 2
Parking: On-Street Parking, Driveway
Garage Description: Rear, Detached

Location

Area: Clifton
County: Hamilton
Township: Cincinnati City
Driving Directions: Clifton Ave. to Terrace, or Ludlow to Morrison to Terrace.

School Information

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

Heating & Cooling

Central air: Yes
Cooling Type: Central Air Conditioning
Separate Air Cond.: Yes
Heating Type: Forced Air, Gas
Heating Fuel: Natural
Separate Furnace: Yes

Utilities

Separate Gas/Elect: Yes
Sewer: Private Sewer
Water: Public

Structural Information

# Buildings: 1
Architectural Style: Three Story
Exterior Const.: Brick
Basement: Yes
Basement Desc.: Full
Foundation: Stone
Roof: Slate
Windows: Storm, Double-Hung, Wood
Stories/Levels: Three
Square Feet: 3,690
Year Built: 1915

Unit Information

2 Bedroom Units: 2
2 Bedroom Sq. Ft.: 702
3 Bedroom Units: 1
3 Bedroom Sq. Ft.: 1,494

Unit 1

Bedrooms: 2

Unit 2

Bedrooms: 3

Unit 3

Bedrooms: 2

Lot Features

Lot Size (Acres): 0.144
Lot Size (Sq. Ft.): 6,273

Financial Considerations

Semi-Annual Taxes: $4433
Tenant Expense: Heat
Pays Heat: Tenant
Pays Water: Owner

Disclosures and Reports

APN: 214-0002-0040-00

Buyer's Brokerage Compensation: 3%

Not binding unless confirmed by separate agreement among applicable parties.

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Meet the listing agent

— 560 Terrace Ave —

The Gibler Team

Email Us

(513) 222-0059 mobile
(513) 321-9944 office

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NMLS#: 1598647

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Schools

Schools serving 560 Terrace Ave

School District:Cincinnati City School District

Name	Grades	Distance
Clifton Area Neighborhood School 3711 Clifton Avenue, Cincinnati, OH 45220	PK-6	0.7 mi
Walnut Hills High School 3250 Victory Parkway, Cincinnati, OH 45207	7-12	2.5 mi
Aiken New Tech High School 5641 Belmont Avenue, Cincinnati, OH 45224	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 mi
Withrow University High School 2488 Madison Road, Cincinnati, OH 45208	7-12	4 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	5 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 560 Terrace Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

4/24/2026

Listed

$499,000

25.06%

MLS

9/22/2021

Sold

$399,000

—

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 560 Terrace Ave

Year

Property Taxes

Change

Tax Assessment

Change

2025

$8,867

—

$139,650

—

2024

$8,855

—

$139,650

—

2023

$8,870

16%

$139,650

27%

2021

$7,628

—

$109,614

—

2022

$7,616

—

$109,614

—

2020

$7,628

$109,614

12%

2019

$7,483

—

$97,871

—

2018

$7,488

$97,871

—

2017

$7,212

-9%

$97,871

-7%

2016

$7,916

12%

$104,825

—

2015

$7,076

-1%

$104,825

—

2014

$7,114

$104,825

10%

2013

$6,580

—

$95,295

—

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 560 Terrace Ave

560 Terrace Avenue, Cincinnati, OH 45220 (MLS# 1874341) is a Triplex property with 0 bedrooms and 0 full bathrooms. 560 Terrace Avenue is currently listed for $499,000 and was received on April 17, 2026. This property is listed by The Gibler Team from our Hyde Park Regional Office.Want to learn more about 560 Terrace Avenue? Do you have questions about finding other Triplex 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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560 Terrace Ave Cincinnati, OH 45220