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$550,000

  • Sold
  • Closed
  • Triplex
  • 3,690 Sq. Ft.
  • 0.144 Acres
  • 2 Car Garage
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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 for 560 Terrace Ave

General

  • Sold For: $550,000
  • Taxes: $8,867
  • Status: Closed
  • Type: Triplex
  • Source: Cincinnati
  • MLS ID: 1874341
  • Added to Site: 88 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
  • 2nd Level: 1,494 Sq. Ft.
  • 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
  • Tax Amount: $8,867
  • Tenant Expense: Heat
  • Pays Heat: Tenant
  • Pays Water: Owner

Disclosures and Reports

  • APN: 214-0002-0040-00

Meet the listing agent

Meet the listing agent
— 560 Terrace Ave —

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 560 Terrace Ave

School District:Cincinnati City School District
NameGradesDistance
Clifton Area Neighborhood School
3711 Clifton Avenue, Cincinnati, OH 45220
PK-60.7 mi
Walnut Hills High School
3250 Victory Parkway, Cincinnati, OH 45207
7-122.5 mi
Aiken New Tech High School
5641 Belmont Avenue, Cincinnati, OH 45224
7-123.6 mi
Hughes STEM High School
2515 Clifton Avenue, Cincinnati, OH 45219
7-121 mi
Robert A. Taft Information Technology High School
420 Ezzard Charles Drive, Cincinnati, OH 45214
7-122.3 mi
James N. Gamble Montessori High School
3036 Werk Road, Cincinnati, OH 45211
7-124 mi
Withrow University High School
2488 Madison Road, Cincinnati, OH 45208
7-124 mi
Woodward Career Technical High School
7005 Reading Road, Cincinnati, OH 45237
7-124.6 mi
Riverview East Academy
3555 Kellogg Avenue, Cincinnati, OH 45226
9-125 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

Date
Details
Price
Change
Source
5/22/2026
Sold
$550,000
10.22%
MLS
4/24/2026
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.

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Price Reduced near 560 Terrace Ave

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25 W 12th St, Newport, KY 41071 - Photo 1 Price Reduced
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Recent Sales near 560 Terrace Ave

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567 Howell Ave, Cincinnati, OH 45220 - Photo 1 Sold
$562,500

567 Howell Ave  Cincinnati, OH 45220

  • Single Family
  • Closed
  • 5
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508 Terrace Ave, Cincinnati, OH 45220 - Photo 1 Sold
$475,000

508 Terrace Ave  Cincinnati, OH 45220

  • Triplex
  • Closed
  • 3,512
    Sq. Ft.
3616 Hedgerow Ln, Cincinnati, OH 45220 - Photo 1 Sold
$525,000

3616 Hedgerow Ln  Cincinnati, OH 45220

  • Single Family
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  • Updated 5 hours ago
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454 Wood Ave, Cincinnati, OH 45220 - Photo 1 Sold
$525,000

454 Wood Ave  Cincinnati, OH 45220

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560 Terrace Avenue, Cincinnati, OH 45220 (MLS# 1874341) is a Triplex property that was sold at $550,000 on May 22, 2026. This property was 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.