2540 Neil Avenue, Columbus, OH 43202

Local realty services provided by:ERA Real Solutions Realty
2540 Neil Avenue,Columbus, OH 43202
$575,000
  • - 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:$575,000

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, $880, $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:44 day(s) ago
  • Updated:February 18, 2026 at 05:45 PM

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Year built:1900
  • Lot area:0.14 Acres

Finances and disclosures

  • Price:$575,000
  • Tax amount:$8,439
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor ERA Real Solutions Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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