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2540 Neil Ave, Columbus, OH, 43202

--beds
0baths
--sqft
$525,000
--price/sqft
$3,691/moest. monthly cost
$147,640/yrincome needed

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.

Getting Around

89
WalkingVery Walkable
46
TransitSome Transit
96
BikeBiker's Paradise

Schools

5/10
Hubbard Elementary SchoolGrades PK-52.5 mi
5/10
Dominion Middle SchoolGrades 6-80.4 mi
4/10
Whetstone High SchoolGrades 9-122.7 mi

Construction

Condition

  • Year built: 1900

Type & Style

  • Home type: Townhouse
  • Property subType: Townhouse

Interior

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Property

Details

  • Parcel number: 010057334
  • Zoning description: R- 2F

Lot

  • Lot size: 6,098 sqft