560 Terrace Avenue Cincinnati, OH $ 499,000
560 Terrace Avenue
$ 499,000
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560 Terrace Avenue

Cincinnati, OH, 45220
$ 499,000
Bedrooms7 Baths3.0 Sq 3,690

Monthly Estimate*

$ 3,072

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Multi-Family Home for sale in Cincinnati, OH

for $499,000 with 7 bedrooms and 3 full baths. This 3,690 square foot home was built in 1915 on a lot size of 0.144.

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

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Multi-Family Active

Price

$ 499,000

Bedrooms

7

Full Bath

3

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.144

Year Built

1915

Town/City

Cincinnati

County/Region

Hamilton

MLS | Web ID

1874341

Features
General
Sewer Private Sewer
Heating Forced Air Gas
Cooling Central Air
Roof Slate
Garage Rear Detached
Unit 4 Rent 0.0
Unit 2 Rent 1900.0
Unit 3 Rent 1300.0
Unit 1 Rent 1300.0
Garage Spaces 2.0
Construction Materials Brick
Year Built 1915
Levels Three
Property Subtype Multi Fam 2-4 units
County Hamilton
Net Operating Income 25678.0
Property Type Residential Income
Close Price 0.0
Status Active
Directions Clifton Ave. to Terrace or Ludlow to Morrison to Terrace.
City Cincinnati
High School District Cincinnati City SD
Open Parking Spaces 2
Number Of Units Total 3
MLS Area Hamilton-E01
Lot Size Units Acres
Lot Size Square Feet 6273.0
Structure Type Triplex
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Interior
Basement Full
Fireplace Features Inoperable
Unit 1 Full Baths 1
Unit 2 Full Baths 1
Unit 3 Full Baths 1
Unit1Bedrooms 2
Unit3Bedrooms 2
Window Features Storm Double Hung Wood
Bedrooms Possible 0
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Exterior
Parking Features Onstreet Driveway
Water Source Public
Foundation Details Stone
Lot Size Acres 0.144
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Internal Only
Street Number 1 560
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* Excluded Features
List By
Coldwell Banker Realty

Broker

walt@thegiblerteam.com

Email

Affordability Calculator

$3,072
Per Month
100%
0%
0%
Monthly Principal & Interest
$3,072
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4319653 Elementary School
4319646 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/24/2026$499,000 Listed Price

Map


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560 Terrace Avenue, Cincinnati, OH, 45220 is a Multi-Family Home for sale at $499,000 with 3,690 sqft and a lot size of 0.144. 560 Terrace Avenue has 7 bedrooms, 3.0 baths, and was built in 1915. The property's zip code is 45220 which is in Cincinnati, OH