Listed By
Agency Name: Coldwell Banker Realty
Agent Name: Patrick Roberts
Shown By
Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575
Contact Us About This Property
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
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full
Cooling: Central Air
Days on Market: 35
Fireplaces: 1
Garage: 2
Heating: Forced Air, Gas
Lot Size: 0.14 Acres
Roof Type: Slate
Stories: 3.0
Taxes: $8,866
Year Built: 1915
Feature Descriptions
Exterior: Brick
Fireplace Features: Inoperable
Foundation: Stone
Gas: Natural
Parcel #: 214-0002-0040-00
Parking: Onstreet, Driveway
Sewer: Private Sewer
SQFT Basement: 1494
Total Buildings: 1
Units: 3
Water: Public
Window Features: Storm, Double Hung, Wood
Local Schools
School District: Cincinnati City SD
Demographics
Hamilton County Demographic Information forFips
Fips Code 39061
Population
2020 to 2025 Change up 0.9%
2010 Count 802,374
2020 Count 830,639
2025 Estimate (V2025) 838,418
2020 Estimate (V2025) 830,628
Age Distribution (Years Old)
0 to 4 6.1%
5 to 17 22.6%
18 to 64 54.0%
65 and Older 17.3%
Gender
Male 48.6%
Female 51.4%
Place of Birth
Foreign 6.3%
US 93.7%
Education
High School Graduate, Age 25+ 92.7%
Bachelor's Degree or Higher, Age 25+ 41.8%
Computer and Internet use
Households with a computer 95.1%
Households with a broadband Internet subscription 91.3%
Language
English is Second Language, Age 5+ 8.1%
English is First Language, Age 5+ 91.9%
Veterans
Veterans 34,838
Income
Per Capita Income $45,936
Median Household Income $72,470
People in Poverty 14.2%
Commute
Average Work Commute Time 23 minutes
Housing
Total Housing Units 381,690
Households 354,739
Average Household Size 2.29
Owner-Occupied 59.3%
Multi-Family 35.8%
Owner-Occupied Median Value $241,900
Median selected monthly owner costs -with a mortgage $1,673
Median selected monthly owner costs -without a mortgage $707
Median gross rent $1,075
Building Permits
New Private Housing Issued 2024 822
Years at Residence
1 Year or More 86.3%
Less Than 1 Year 13.7%
Business and Employment
Private non-farm Establishments 21,087
Private non-farm Employment 529,211
Private non-farm Employment Growth down 1.0%
Nonemployer Establishments 66,999
Number of Firms 14,937
Business Production
Value of Shipments $23,656,887,000
Wholesale Trade $16,309,476,000
Retail Trade $13,273,606,000
Retail Sales Per Capita $14,411
Accommodation and Food Services $2,445,265,000
Land
Land Area 405.91 sq. miles
Population Per Square Mile 1,977
Source: US Census Bureau
Estimate Your Payment
Estimated Payment
$ 3,723.90 per month $2,824.65 Principal & Interest $738.83 Property Tax $160.42 Homeowner's InsuranceChange Payment Information
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Disclaimer:
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 05/28/2026. The listing information on this page last changed on 05/28/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 05/28/2026 12:06:23 AM EST) or Dayton MLS (last updated Wed 05/27/2026 11:46:45 PM EST) or CBRMLS (last updated Thu 05/28/2026 12:04:54 AM EST) or Multiple Listing Service of Greater Cincinnati (last updated Wed 05/27/2026 11:53:39 PM EST) or NKY MLS (last updated Wed 05/27/2026 11:28:25 PM EST) or Wrist MLS (last updated Wed 05/27/2026 11:24:23 PM EST) or Firelands MLS (last updated Wed 05/27/2026 11:11:50 PM EST) or MLS NOW (last updated Thu 05/28/2026 12:02:35 AM EST). Real estate listings held by brokerage firms other than Cutler Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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