Under Contract

2540 Neil Avenue

Columbus, OH 43202

$525,000 $2,213/Mo

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Overview

Bed

Bath

0.14

Acre(Lot)

Description

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 repositio ning opportunity in one of Columbus's most consistent rental corridors. Opportunities like this in Old North don't last--move on it.

Property Details

Property Type : Residential Income

Price : $525,000

AD Id : 72407991

MLS Id : 226000241

Lot Size : 0.14 Acre

Year Built : 1900

County : Franklin

Subdivision: Not In Subdivision

Map

What's Nearby

Nearby Areas

Features

Room Information

Has Basement: Yes
Heating & Cooling

Has Heating: Yes Heating: Forced Air, Natural Gas Has Cooling: Yes Cooling: Central Air

Building Information

Year Built: 1900 Construction Materials: Brick Private Pool: No

Lot Information

Main Square Feet: 0.14 Lot Size Acres: 0.14 Lot Size Square Feet: 6098.4

Property Information

Subdivision: Old North Columbus Source Property Type: Residential Income Zoning Description: R- 2F Property SubType: Townhouse Property Age: 126

Listing Price Information

Listing Price: $525000 Original Price: $600000 Conventional

Tax Information

Parcel Number: 010-057334 Tax Year: 2025 Annual Tax: $8439

Utility Information

Natural Gas Available, Water Available, Sewer Available, Electricity Available
Location Information

WaterSource: Public

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ByOwner last updated this listing 06/20/2026 @ 19:23

MLS: 226000241 LISTED BY: Joseph Jackson, Keller Williams Capital Ptnrs 614-888-1000 SOURCE: Columbus and Central Ohio Regional MLS