2540 Neil AvenueColumbus, OH 43202

2540 Neil AvenueColumbus, OH 43202

1/49 Fullscreen
$525,000 Contingent
Multi Unit - Multiple MLS 226000241 Contingent

Listed By

Agency Name: Keller Williams Capital Ptnrs
Agency Phone: 614-888-1000
Agent Name: Joseph C Jackson

Shown By

Agency Title: Cutler Real Estate
Agency Phone: 888-763-7575

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Property 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.

2540 Neil Avenue | MLS# 226000241

This multi-family property located at 2540 Neil Avenue, Columbus, OH 43202 is currently listed for sale with an asking price of $525,000. Neil Avenue is located within the COLUMBUS CITY school district. Search Columbus real estate on 7030hanbysloop.cutlerhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air
Days on Market: 62
Heating: Forced Air
Lot Size: 0.14 Acres
Taxes: $8,439
Year Built: 1900

Feature Descriptions

Parcel #: 010-057334
Utilities: Water Available, Sewer Available, Natural Gas Available, Electricity Available, Storm Sewer

Local Schools

School District: COLUMBUS CITY

Demographics

Franklin County Demographic Information for 2540 Neil Avenue, Columbus, OH 43202
Fips
Fips Code 39049
Population
2020 to 2025 Change up 2.9%
2010 Count 1,163,414
2020 Count 1,323,807
2025 Estimate (V2025) 1,361,536
2020 Estimate (V2025) 1,323,810
Age Distribution (Years Old)
0 to 4 6.3%
5 to 17 23.0%
18 to 64 57.0%
65 and Older 13.7%
Gender
Male 49.1%
Female 50.9%
Place of Birth
Foreign 13.0%
US 87.0%
Education
High School Graduate, Age 25+ 91.2%
Bachelor's Degree or Higher, Age 25+ 42.1%
Computer and Internet use
Households with a computer 97.1%
Households with a broadband Internet subscription 94.1%
Language
English is Second Language, Age 5+ 16.7%
English is First Language, Age 5+ 83.3%
Veterans
Veterans 52,088
Income
Per Capita Income $43,731
Median Household Income $75,176
People in Poverty 13.9%
Commute
Average Work Commute Time 22 minutes
Housing
Total Housing Units 594,813
Households 553,099
Average Household Size 2.36
Owner-Occupied 52.8%
Multi-Family 36.6%
Owner-Occupied Median Value $288,400
Median selected monthly owner costs -with a mortgage $1,781
Median selected monthly owner costs -without a mortgage $748
Median gross rent $1,302
Building Permits
New Private Housing Issued 2024 8,122
Years at Residence
1 Year or More 83.1%
Less Than 1 Year 16.9%
Business and Employment
Private non-farm Establishments 30,700
Private non-farm Employment 695,387
Private non-farm Employment Growth up 0.4%
Nonemployer Establishments 125,504
Number of Firms 21,489
Business Production
Value of Shipments $13,796,060,000
Wholesale Trade $32,205,012,000
Retail Trade $25,665,382,000
Retail Sales Per Capita $17,887
Accommodation and Food Services $3,728,293,000
Land
Land Area 532.19 sq. miles
Population Per Square Mile 2,187

Source: US Census Bureau

Estimate Your Payment

Estimated Payment

$ 3,524.89 per month $2,668.51 Principal & Interest $703.25 Property Tax $153.13 Homeowner's Insurance

Change Payment Information

%
years/fixed
yearly
yearly (est.)
(Payments are an estimate and may vary by lender)
Croos Country Mortgage