2540 Neil Avenue, Columbus, OH 43202

Local realty services provided by:ERA Real Solutions Realty
2540 Neil Avenue,Columbus, OH 43202
$600,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: joseph c jackson
Office: keller williams capital ptnrs
MLS#:226000241
Source:OH_CBR

Price summary

  • Price:$600,000

About this home

Attention investors. This solid brick four-unit features four two-bedroom townhouse-style apartments in an excellent Old North Columbus location. Walkable to cafes, neighborhood shopping, the bus line, and the bike path—this is exactly where long-term rental demand stays strong. Current rents are $1,100, $855, $1,000, and $1,040, with market rents closer to $1,200 per unit, offering clear value-add potential through rent growth and selective updates. Two of the units have central air; the interior units do not and feature older furnaces—giving the next owner a straightforward path to improving cash flow. Owner pays water and sewer; tenants pay electric. Brick construction, a proven unit mix, and a location that continues to appreciate make this a strong long-term hold or repositioning opportunity in one of Columbus's most consistent rental corridors. Opportunities like this in Old North don't last—move on it.

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Home facts

  • Year built:1900
  • Listing ID #:226000241
  • Added:2 day(s) ago
  • Updated:January 07, 2026 at 05:40 PM

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1900
  • Lot area:0.14 Acres

Finances and disclosures

  • Price:$600,000
  • Tax amount:$8,439
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