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$550,000 Sold
560 Terrace Avenue, Cincinnati, OH 45220
About this home
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
Facts & features
Interior
- Bedrooms
- 7
- Square Feet
- 3,690
Property
- Property Type
- Residential Income
- Year Built
- 1915
- Lot Size
- 0.14 acres
Listing details
- Price
- $550,000
- Status
- Sold
- Days on Market
- 3
- MLS Number
- 1874341
- Listing Agent
- Walter Gibler
- Brokerage
- Coldwell Banker Realty
Features
- Style
- Multi Family
- Basement
- Full
- Garage Spaces
- 2
- Heating
- Natural Gas, Forced Air
- Cooling
- Central Air
- Fireplaces
- 1
- Roof
- Slate
- Sewer
- Private Sewer
- Water
- Public
Location
Cincinnati, OH 45220
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