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Residential Income Property with Garage
New
For Sale
$325,000

801 CHESTERWOOD CT, Marlton, NJ 08053

MARLTON, NJ

Property Size1,185 SF
Price / SF$274.26
Days on Market6

Property Features for 801 CHESTERWOOD CT

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 2
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 1, Bedroom 2
Subdivision COUNTRY SQUIRES
High school CHEROKEE
Elementary school district LENAPE REGIONAL HIGH
Middle school district LENAPE REGIONAL HIGH
High school district LENAPE REGIONAL HIGH
Standard status Active

Amenities

hardwood and vinyl flooring
crown moldings
recessed lighting
walk-in closet
stall shower with seat
eat-in kitchen
dishwasher
microwave
electric oven/range
gas fireplace
private porch
attached oversized garage
concrete driveway
landscaped yard
common grounds
jogging/walking paths
exterior lighting
street lights

Building Details

Year built 1986
Listing Agency: Cherry Hill/Haddonfield
Listed By: Daren M. Sautter · License #8836053
Added: Sep 15 Changed: Sep 16 Last Checked: Sep 20 at 8:06AM
MLS# NJBL2120582

Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This end-unit residential property offers 1,185 square feet with two bedrooms and two full bathrooms. The layout includes an entry-level bedroom, a primary suite with a walk-in closet, and a bathroom with a seated stall shower. Hardwood and vinyl flooring, crown molding, recessed lighting, and a gas fireplace add detail to the interior. The eat-in kitchen includes a dishwasher, microwave, and electric oven/range, while newer replacement windows provide an additional update. An attached oversized front-entry garage, concrete driveway, and private porch round out the home’s practical features.

Built in 1986, the property sits on a level lot at 801 Chesterwood Ct in Marlton, New Jersey. The grounds include landscaped front, side, and rear yards, with lawn views and vinyl siding. Within the Country Squires community, residents have access to common grounds and jogging and walking paths. Association services include lawn maintenance, snow removal, and trash collection.

Key Highlights

  • 1,185‑square‑foot end‑unit residence with 2 bedrooms and 2 full bathrooms
  • Attached oversized garage with front entry and concrete driveway
  • Primary suite includes a walk‑in closet and seated stall shower

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,034
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.70%
Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$240,680 $240.7K
Cap Rate 7%
$171,914 $171.9K
Cap Rate 9%
$133,711 $133.7K
Market Conditions
NOI Build-Up for 1,185 SF Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent. EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs. OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements. NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$23.2K $19.56/SF
− Vacancy
−$1.3K −$1.10/SF
EGI
$21.9K $18.46/SF
− OpEx
−$9.8K −$8.31/SF
NOI
$12.0K $10.16/SF
Area
Camden County, NJ
Vacancy
5.60%
Lease Rate
$19.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$240,680
Cap Rate 7%
$171,914
Cap Rate 9%
$133,711

Alternative Uses

Best Use
Apartment 5plus
$171.9K
$150.4K – $200.6K (±1% cap)
NOI $12,034 @ 7.0% cap · market cap 3.70%
Second Best
no second resolved use
Theoretical Best
Office A
$300.5K
$262.9K – $350.5K (±1% cap)
NOI $21,032 @ 7.0% cap · market cap 6.47%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Residential income properties

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Tanning Salon Pet Grooming Service Florist Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

2,135
Businesses Nearby

Demographics for 08053, NJ

46,826
Population
20,090
Households
2.3
Avg Household Size
43
Median Age
53%
College-Educated
98%
High-School Grad
29.2 sq mi
ZIP Area
1,604
Density / Sq Mi
$116,745
Median Household Income
$67,439
Median Earnings
$1,939
Median Rent
$368,100
Median Home Value
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Frequently Asked Questions

What type of property is this?
Residential income property - End-unit residence with two bedrooms, two full bathrooms, updated windows, and access to shared community grounds.
Where is this residential income property located?
The property is located at 801 CHESTERWOOD CT Marlton, NJ.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1,185‑square‑foot end‑unit residence with 2 bedrooms and 2 full bathrooms; Attached oversized garage with front entry and concrete driveway; Primary suite includes a walk‑in closet and seated stall shower
More about this property
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