$539,900

940 Shoemaker Ave Columbus, OH 43201

Milo-Grogan Neighborhood

Estimated payment $3,362/month

Total Views 809
-- Bed
-- Bath
5,985 Sq Ft
$90 Price per Sq Ft

About This Home

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.

Listing Agent

Ryan Maguire

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

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 $10,000
  • 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: Active
  • Sewer:Public Sewer: Yes
  • Income Expenses Gross Income: 76800.0
  • Annual Expenses: 10000.0
  • Heat Fuel Gas4: Yes
  • General Property Info Building Sq Ft: 5985.0
  • Construction Block3: Yes
  • Water Source Public: Yes
  • 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: 10000.0

Tax Info

  • Tax Annual Amount: 4867.0

Map

Range of Values:

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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 Change Sq Ft Price
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
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% --
12/01/2020 12/01/20 For Sale $180,000 -- --
Source: Columbus and Central Ohio Regional MLS

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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

This home is located at 940 Shoemaker Ave, Columbus, OH 43201 and is currently priced at $539,900, approximately $90 per square foot. This property was built in 1963. 940 Shoemaker Ave is a home located in Franklin County with nearby schools including Windsor Stem Acadmey, Linden-Mckinley Stem School On Arcadia, and Columbus Performance Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Columbus and Central Ohio Regional MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Nearby Homes
Listing Agent
Ryan Maguire
Section Image
Reafco
(380) 333-6130