Shadow Lakes Townhome Condo
For Sale
$2,200,000
5931 Shadow Lake Circle 5931, Columbus, OH 43235
Fourteen townhome condos in desirable Columbus location with upside potential.
Property Size1,152 SF
Price / SF$1,909
Days on Market158
Property Features for 5931 Shadow Lake Circle 5931
General Information
Standard status
Active
Size
1,152 SF
Property subtype
Multi-Family
Taxes and HOA fees
Annual Taxes
$2,928
Building Details
Year Built
1986
Listing Agency:
(614) 804-9100
Listed By:
Andrea Boegler
(614) 804-9100
Source:
Newnestandco.idxbroker
Added: Mar 27
Changed: Aug 27
Last Checked: Aug 30 at 1:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Andrea Boegler
Investment Insights
Based on property information with market context.
This package features 14 townhome condos within the Shadow Lakes Subdivision, situated in a highly desirable and rapidly appreciating area of Columbus. Each condo is individually parceled and ranges in size from 1120 to 1152 square feet, featuring two bedrooms and one and a half bathrooms. Each unit includes a basement that is half finished and half unfinished. Assigned carports are provided, along with additional common area parking. The condos offer spacious living rooms, kitchens, and bedrooms. Each unit also has a fenced patio with a view of a pond and a wood-burning fireplace. Residents have access to a common pool, and on-site property management has maintained the association effectively. The roofs are scheduled for replacement in 2025. All units share a similar floor plan. The location is advantageous, with close proximity to 315 and shopping areas on Bethel, Sawmill, Worthington, Dublin Bridge Park, and OSU. Many long-term tenants reside in the condos. Rents are currently below market rates, presenting significant upside potential for an active operator. Future options include selling the units individually for a premium. The condo fee is $375 per month per unit, covering water, sewer, and trash services.
Key Highlights
- Package of 14 townhome condos in a desirable Columbus location.
- Individually parceled condos offer future option to sell separately for a premium.
- Each unit features 2 bedrooms, 1.5 baths, a basement (half finished), assigned carport, and fenced patio with pond view.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
76
Businesses Nearby
Explore this area
Business Placement
Demographics for 43235, OH
45,561
Population
20,855
Households
2.2
Avg Household Size
36
Median Age
59%
College-Educated
96%
High-School Grad
14.2 sq mi
ZIP Area
3,209
Density / Sq Mi
$86,758
Median Household Income
$54,814
Median Earnings
$1,412
Median Rent
$346,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Fourteen townhome condos in desirable Columbus location with upside potential.
Where is this apartment building located?
The property is located at 5931 Shadow Lake Circle 5931 Columbus, OH.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Package of 14 townhome condos in a desirable Columbus location.; Individually parceled condos offer future option to sell separately for a premium.; Each unit features 2 bedrooms, 1.5 baths, a basement (half finished), assigned carport, and fenced patio with pond view.
