About 2540 Neil Avenue
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.
Features of 2540 Neil Avenue
| MLS® # | 226000241 |
|---|---|
| Price | $575,000 |
| Acres | 0.14 |
| Year Built | 1900 |
| Type | Multi-Family |
| Sub-Type | Townhouse |
| Status | Active Under Contract |
Community Information
| Address | 2540 Neil Avenue |
|---|---|
| Area | None |
| Subdivision | Old North Columbus |
| City | Columbus |
| County | Franklin |
| State | OH |
| Zip Code | 43202 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Heating | Forced Air |
|---|---|
| Cooling | Central Air |
| Has Basement | No |
| Fireplace | No |
School Information
| District | COLUMBUS CSD 2503 FRA CO. |
|---|
Listing Details
| Office | Joseph C Jackson of Keller Williams Capital Ptnrs |
|---|