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$460,000
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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.
Full Property Details
Full Property Details for 2540 Neil Ave
General
- Sold For: $460,000
- Taxes: $8,439 (2025)
- Status: Closed
- Type: Townhouse
- Source: Columbus_N_Greater_Ohio
- MLS ID: 226000241
- Added to Site: 142 day(s) ago
Location
- County: Franklin
- Township: None
- Development Name: Old North Columbus
- Cross Streets: W. Hudson
School Information
- School District: COLUMBUS CSD 2503 FRA CO.
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Forced Air
Utilities
- Sewer: Public Sewer
- Water: Public
- Water/Sewer: 2000
- Utility Description: Water Available, Sewer Available, Natural Gas Available, Electricity Available, Storm Sewer
Structural Information
- # Buildings: 1
- Construction: Brick
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.14
- Lot Size (Sq. Ft.): 6,098.4
- Zoning: R- 2F
Financial Considerations
- Price Per Sq. Ft.: $133.93
- Tax Amount: $8,439
- Tax Year: 2025
- Terms: Conventional
- Owner Pays: Sewer, Water
- Tenant Pays: Gas
Disclosures and Reports
- Property ID: 010-057334
Listed by Keller Williams Capital Ptnrs (614) 888-1000, Joseph C Jackson (614) 431-1220
Sold by Reafco (614) 858-8856, Marc A Rice
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Schools
Schools serving 2540 Neil Ave
School District:Columbus City School District
| Name | Grades | Distance |
|---|---|---|
Hubbard Elementary School 104 West Hubbard Avenue, Columbus, OH 43215 | PK-5 | 2.4 mi |
Dominion Middle School 100 East Arcadia Avenue, Columbus, OH 43202 | 6-8 | 0.4 mi |
Whetstone High School 4405 Scenic Drive, Columbus, OH 43214 | 9-12 | 2.7 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2540 Neil Ave
Date
Details
Price
Change
Source
6/26/2026
Sold
$460,000
-12.38%
MLS
4/28/2026
Price Reduced
$525,000
-4.55%
MLS
3/17/2026
Price Reduced
$550,000
-4.35%
MLS
2/17/2026
Price Reduced
$575,000
-4.17%
MLS
1/05/2026
Listed
$600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2540 Neil Avenue, Columbus, OH 43202 (MLS# 226000241) is a Townhouse property that was sold at $460,000 on June 26, 2026. Want to learn more about 2540 Neil Avenue? Do you have questions about finding other Townhouse real estate for sale in Columbus? You can browse all Columbus real estate or contact a Coldwell Banker agent to request more information.

