2546 Neil Ave - Multi-Family FOR SALE


Columbus, OH 43202- Old North Columbus
$600,000 USD
614-431-1220
2546 Neil Ave, Columbus, OH for Sale
$600,000 USD
Multi-Family - FOR SALE
1/20
null | 6.08% Cap Rate

2546 Neil Ave
Columbus, OH 43202
Old North Columbus


OVERVIEW

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. Agent to Agent Remarks Please get in touch with the listing agent for all showing details. Do not disturb tenants without an approved showing. All offers must include proof of funds and a recent lender pre-qualification letter. Seller requests an earnest money deposit of 1% of the purchase price. Title insurance and closing to be with Northwest Select Title, Lee Myers, Lee.Myers@nwtitle.com Contact Listing Agent for perspective March Rent Roll Update.

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/SF

$153 USD /SF

# OF UNITS

4

PRICE/UNIT

$150,000

CAP RATE

6.08%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2540-2546 Neil Avenue Columbus, OH 43202

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R- 2F

APN/PARCEL ID

010-057334

ASK ABOUT THIS PROPERTY

Joseph C JacksonKeller Williams Capital PartnersMore Info
614-431-1220

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Joseph C JacksonKeller Williams Capital PartnersMore Info
614-431-1220

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.