940 Shoemaker Avenue Columbus, OH $ 499,999
940 Shoemaker Avenue
$ 499,999
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940 Shoemaker Avenue

Columbus, OH, 43201
$ 499,999
Bedrooms12 Baths0.0

Monthly Estimate*

$ 3,119

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Multi-Family Home for sale in Columbus, OH

for $499,999 with 12 bedrooms. This home was built in 1963 on a lot size of 0.18.

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.

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Multi-Family Contingent

Price

$ 499,999

Bedrooms

12

Property Type

Multi-Family

Taxes

$ 4,867

Style

Lot Size

0.18

Year Built

1963

Town/City

Columbus

County/Region

Franklin

MLS | Web ID

225028918

Features
General
Sewer Public Sewer
Heating Forced Air
Year Built 1963
Township None
Property Subtype Midrise
Tax Year 2024
Gross Income 76800.0
County Franklin
Net Operating Income 66800.0
Operating Expense 15000.0
Property Type Multi-Family
Status Contingent
City Columbus
High School District COLUMBUS CSD 2503 FRA CO.
Number Of Units Total 4
Lot Size Square Feet 7840.8
Land Lease Y/N N
Tax Annual Amount 4867.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Rent Control Y/N N
Standard Status Active Under Contract
Senior Community None
New Construction None
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Exterior
Water Source Public
Lot Size Area 0.18
Spa N
Lot Size Acres 0.18
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Baths 0
Heating-Forced Air True
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Internal Only
Street Number 1 940
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* Excluded Features
List By
Ryan E Maguire

Listing Agent

Reafco

Broker

ryan@reafco.com

Email

Affordability Calculator

$3,525
Per Month
88%
12%
0%
Monthly Principal & Interest
$3,119
Monthly Property Taxes
$406
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1421409 Elementary School
1421044 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/30/2025$499,999 -1.94% Price Down
10/15/2025$509,900 -1.92% Price Down
8/25/2025$519,900 -1.89% Price Down
8/18/2025$529,900 -1.85% Price Down
8/1/2025$539,900 Listed Price

Map


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940 Shoemaker Avenue, Columbus, OH, 43201 is a Multi-Family Home for sale at $499,999 with a lot size of 0.18. 940 Shoemaker Avenue has 12 bedrooms, 0.0 baths, and was built in 1963. The property's zip code is 43201 which is in Columbus, OH