2540 Neil Avenue, Columbus, OH 43202
Local realty services provided by:CENTURY 21 Premiere Properties
2540 Neil Avenue,Columbus, OH 43202
$550,000
- - Beds
- - Baths
- - sq. ft.
- Multi-family
- Active
Listed by: joseph c jackson
Office: keller williams capital ptnrs614-888-1000
MLS#:226000241
Source:OH_CBR
Price summary
- Price:$550,000
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, $1000, $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.
Contact an agent
Home facts
- Year built:1900
- Listing ID #:226000241
- Added:107 day(s) ago
- Updated:April 22, 2026 at 10:46 PM
Heating and cooling
- Heating:Forced Air
- Central air:Yes
Structure and exterior
- Year built:1900
- Lot area:0.14 Acres
Finances and disclosures
- Price:$550,000
- Tax amount:$8,439
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