508 Terrace AvenueCincinnati, OH 45220

508 Terrace AvenueCincinnati, OH 45220

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$469,000 Pending
Multi Unit - Multiple MLS 1870640 Pending
0 beds Bathrooms 3,512 sqft
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Listed By

Agency Name: Keller Williams Advisors
Agency Phone: 513-766-9200
Agent Name: Alicia Stoughton

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property Description

Turn key three family investment property with the opportunity to owner occupy or maximize rental potential with a great location and spacious units. Located in Clifton Gaslight District, recent updates include renovated kitchens and baths in all units, 30 year roof replacement and HVAC updated in 2012, and all water supply lines replaced. The perfect combination of historic details & modern updates with hardwood floors, french doors, and brick fireplaces throughout. Unit 1 & 3 occupied on month to month basis, Unit 2 is currently vacant. Amenities include shared laundry, basement storage, and detached garage with 2 parking spaces for Unit 1. Unit 1 tenants pay gas & electric. Unit 2&3 gas/electric paid by owner. Owner pays water/sewer/trash for all units.

508 Terrace Avenue | MLS# 1870640

This multi-family property located at 508 Terrace Avenue, Cincinnati, OH 45220 is currently listed for sale with an asking price of $469,000. Terrace Avenue is located within the Cincinnati school district. Search Cincinnati real estate on 762hunterstrail.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Full
Basement: Yes
Cooling: Window Unit, Central Air
Days on Market: 10
Fireplaces: 2
Garage: 2
Heating: Forced Air, Gas
Lot Size: 0.15 Acres
Roof Type: Shingle
Stories: 3.0
Taxes: $9,592
Year Built: 1922

Feature Descriptions

Exterior: Brick
Fireplace Features: Inoperable
Foundation: Stone
Gas: Natural
Other Features: Busline Near
Parcel #: 214-0002-0052-00
Parking: Onstreet
Sewer: Public Sewer
SQFT Basement: 1392
Total Buildings: 1
Units: 3
Water: Public
Window Features: Wood

Local Schools

School District: Cincinnati

Demographics

Hamilton County Demographic Information for 508 Terrace Avenue, Cincinnati, OH 45220
Fips
Fips Code 39061
Population
2020 to 2023 Change down 0.4%
2010 Count 802,374
2020 Count 830,639
2023 Estimate (V2023) 827,058
2020 Estimate (V2023) 830,628
Age Distribution (Years Old)
0 to 4 6.1%
5 to 17 22.6%
18 to 64 54.4%
65 and Older 16.9%
Gender
Male 48.6%
Female 51.4%
Place of Birth
Foreign 5.9%
US 94.1%
Education
High School Graduate, Age 25+ 92.1%
Bachelor's Degree or Higher, Age 25+ 40.3%
Computer and Internet use
Households with a computer 93.4%
Households with a broadband Internet subscription 89.5%
Language
English is Second Language, Age 5+ 7.4%
English is First Language, Age 5+ 92.6%
Veterans
Veterans 37,263
Income
Per Capita Income $42,555
Median Household Income $68,249
People in Poverty 15.6%
Commute
Average Work Commute Time 24 minutes
Housing
Total Housing Units 381,690
Households 348,491
Average Household Size 2.32
Owner-Occupied 59.2%
Multi-Family 35.8%
Owner-Occupied Median Value $205,000
Median selected monthly owner costs -with a mortgage $1,567
Median selected monthly owner costs -without a mortgage $649
Median gross rent $961
Building Permits
New Private Housing Issued 2023 1,143
Years at Residence
1 Year or More 85.3%
Less Than 1 Year 14.7%
Business and Employment
Private non-farm Establishments 20,857
Private non-farm Employment 493,367
Private non-farm Employment Growth down 1.0%
Nonemployer Establishments 63,869
Number of Firms 69,573
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

$ 3,224.38 per month $2,288.25 Principal & Interest $799.33 Property Tax $136.79 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Croos Country Mortgage
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