$499,000
SOLD DEC 22, 2025

940 Shoemaker Ave Columbus, OH 43201

Milo-Grogan Neighborhood
-- Bed
-- Bath
5,985 Sq Ft
7,841 Sq Ft Lot

Recently Sold

$83 Per Sq Ft

8% Below List Price

95 Days on Market

About This Home

As of December 2025

Over 1% Rule Fully Renovated 4-Unit Building in Milo-Grogan! An exceptional opportunity in the heart of the rapidly developing Milo-Grogan neighborhood! This fully renovated four-unit property offers investors a turnkey, income-generating asset with strong rental potential and long-term upside. Each of the four spacious units features 3 bedrooms and 1 bathroom, thoughtfully designed with modern finishes and functional layouts. The building has undergone a top-to-bottom renovation, including new electrical, plumbing, HVAC, windows, flooring, kitchens, baths, and mechanicals—no detail has been overlooked. Three of the four units come fully furnished and are currently leased as mid-term rentals, offering stable cash flow and flexibility for traveling professionals. The fourth unit is rented to a long term tenant.

Last Agent to Sell the Property

Ryan Maguire

Reafco License #2021005556 Listed on: 08/05/2025

Last Buyer's Agent

Lois Miller

RE/MAX Premier Choice License #2002011065

RE/MAX Premier Choice

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,867

Year Built

  • Built in 1963

Lot Details

  • 7,841 Sq Ft Lot

Parking

  • No Garage

Home Design

  • 5,985 Sq Ft Home

Utilities

  • Forced Air Heating System
  • Heating System Uses Gas

Listing and Financial Details

  • Assessor Parcel Number 010-055386

Community Details

Overview

  • 4 Units
  • Mid-Rise Condominium

Building Details

  • Operating Expense $15,000
  • Gross Income $76,800
  • Net Operating Income $66,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,867

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Type: Multi-Family
  • Year Built: 1963
  • Tax Year: 2024
  • Property Sub-Type: Midrise
  • Lot Size Acres: 0.18
  • Total Gross Income: 76800.0
  • Co List Office Phone: 614-636-2560
  • MLS Status: Closed
  • Location Property Info List PriceSqFt: 83.54
  • Remarks Misc Hot Sheet Comments: price
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 76800.0
  • Annual Expenses: 15000.0
  • Heat Fuel Gas4: Yes
  • General Property Info Building Sq Ft: 5985.0
  • Construction Block3: Yes
  • Water Source Public: Yes
  • Remarks Misc Property Description3: Over 1% Rule Fully Renovated 4-Unit Building in Milo-Grogan! An exceptional opportunity in the heart of the rapidly developing Milo-Grogan neighborhood! This fully renovated four-unit property offers investors a turnkey, income-generating asset with strong rental potential and long-term upside. Each of the four spacious units features 3 bedrooms and 1 bathroom, thoughtfully designed with modern finishes and functional layouts. The building has undergone a top-to-bottom renovation, including new electrical, plumbing, HVAC, windows, flooring, kitchens, baths, and mechanicals—no detail has been overlooked. Three of the four units come fully furnished and are currently leased as mid-term rentals, offering stable cash flow and flexibility for traveling professionals. The fourth unit is rented to a long term tenant.
  • Special Features: None
  • Property Sub Type: MultiFamily

Garage/Parking

  • Parking Features No Garage: Yes

Utilities

  • Sewer: Public Sewer
  • Heating: Forced Air
  • Water Source: Public
  • Heating:Forced Air: Yes

Schools

  • Junior High Dist: COLUMBUS CSD 2503 FRA CO.

Lot Info

  • Parcel Number: 010-055386
  • Lot Size Sq Ft: 7840.8

Multi Family

  • Number Of Units Total: 4
  • Net Operating Income: 66800.0
  • Annual Operating Expense: 15000.0

Tax Info

  • Tax Annual Amount: 4867.0

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/22/2025 12/22/25 Sold $499,000 -0.2% $83 / Sq Ft
10/30/2025 10/30/25 Price Changed $499,999 -1.9% $84 / Sq Ft
10/15/2025 10/15/25 Price Changed $509,900 -1.9% $85 / Sq Ft
08/25/2025 08/25/25 Price Changed $519,900 -1.9% $87 / Sq Ft
08/18/2025 08/18/25 Price Changed $529,900 -1.9% $89 / Sq Ft
08/05/2025 08/05/25 For Sale $539,900 +199.9% $90 / Sq Ft
11/18/2022 11/18/22 Sold $180,000 -5.3% $45 / Sq Ft View Prior Sale
11/09/2022 11/09/22 Pending -- -- --
11/08/2022 11/08/22 For Sale $190,000 +9.2% $48 / Sq Ft
02/23/2021 02/23/21 Sold $174,000 -3.3% -- View Prior Sale
12/01/2020 12/01/20 For Sale $180,000 -- --
Source: Columbus and Central Ohio Regional MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2025

    Ryan Maguire

    Reafco

    (614) 439-5427

    1 in this area

    8 Total Sales

    Ryan Maguire
    Section Image
  • Lois Miller

    Buyer's Agent in 2025

    Lois Miller

    RE/MAX

    (614) 284-2085

    1 in this area

    25 Total Sales

    Lois Miller
    Section Image
  • Remington Lyman

    Seller's Agent in 2022

    Remington Lyman

    Reafco

    (614) 541-8475

    8 in this area

    356 Total Sales

    Remington Lyman
    Section Image
  • Drew Cheezum

    Seller Co-Listing Agent in 2022

    Drew Cheezum

    Reafco

    (614) 639-3231

    2 in this area

    80 Total Sales

    Drew Cheezum
    Section Image
See All Agents

Map

Source: Columbus and Central Ohio Regional MLS

MLS Number: 225028918

Columbus and Central Ohio Regional MLS
Ohio Franklin County Columbus 43201 Milo-Grogan

940 Shoemaker Ave, Columbus, OH

Sold

MultiFamily

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