2546 Neil Ave - 2540-2546 Neil Avenue Columbus, OH 43202 4 Unit Apartment Building Offered at $600,000 at a 5.79% Cap Rate Columbus, OH 43202

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, $855, $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