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About This Home

This 8-bedroom, 0-bathroom townhouse at 2540 Neil Avenue in Columbus, OH is listed for $550,000. Built in 1900, on a 0.14 acres lot.

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

Key Features

  • Built in 1900
  • 0.14 acre lot

Property Details

1900

Amenities

A/C

Monthly Cost Estimate

$2,942/mo

20% down · 6.5% · 30 years

Principal$398
Interest$2,383
Insurance$160

Estimates only. Actual payments may vary.

Location

2540 Neil Avenue

Columbus, OH 43202

Old North Columbus

Property Details

Heating

Forced Air

Cooling

Central Air

Questions & Answers

This 8-bedroom, 0-bathroom townhouse at 2540 Neil Avenue is listed at $550,000. The estimated monthly payment is $2,383 based on 20% down at 6.5% interest.

Key features include: Built in 1900, 0.14 acre lot.

This property is listed by Joseph C Jackson and can be reached at 6144311220 or rjoe@kw.com.

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JJ

Joseph C Jackson

Agent at Keller Williams Capital Ptnrs

(614) 431-1220

Listed by Keller Williams Capital Ptnrs

MLS# 226000241· Source: listhub· Updated 95 days ago

Copyright © 2026 Columbus and Central Ohio Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

2540 Neil Avenue, Columbus, OH 43202

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