Updated Residential Income
106 LUCAS LANE, Voorhees, NJ 08043
For Sale
New
$254,900
Interior improvements include new flooring, fresh paint, and replacement kitchen countertops.
Property Size1,112 SF
Days on Market6
Property Features for 106 LUCAS LANE
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Keller Williams Real Estate Tri-County
Listed By:
Pradeep John · License #1974187
(215) 760-5843
Source:
Patmckennarealtors
Added: Nov 4
Changed: Nov 6
Last Checked: Nov 8 at 2:49PM
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 Keller Williams Real Estate Tri-County
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1985-built condominium has two bedrooms and two bathrooms. Recent interior work includes new flooring, fresh paint throughout, and updated kitchen countertops. The property has an established rental history and may also serve as an owner-occupied home.
Shopping, dining, and everyday services are nearby. Route 295, PATCO, and Philadelphia are accessible from the property.
Shopping, dining, and everyday services are nearby. Route 295, PATCO, and Philadelphia are accessible from the property.
Key Highlights
- Two‑bedroom, two‑bath condominium
- Built in 1985
- Recent flooring, paint, and kitchen countertop updates
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,293
Cap Rate
4.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$225,860
$225.9K
Cap Rate 7%
$161,329
$161.3K
Cap Rate 9%
$125,478
$125.5K
Market Conditions
NOI Build-Up for 1,112 SF
Gross rent
$21.8K $19.56/SF
− Vacancy
−$1.2K −$1.10/SF
EGI
$20.5K $18.46/SF
− OpEx
−$9.2K −$8.31/SF
NOI
$11.3K $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 Rate 5%
$225,860
Cap Rate 7%
$161,329
Cap Rate 9%
$125,478
Alternative Uses
Best Use
Apartment 5plus
$161.3K
$141.2K – $188.2K
NOI $11,293 @ 7.0% cap · market cap 4.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$282.0K
$246.7K – $329.0K
NOI $19,737 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
193
Businesses Nearby
Explore this area
Business Placement
Demographics for 08043, NJ
31,069
Population
12,688
Households
2.4
Avg Household Size
43
Median Age
60%
College-Educated
96%
High-School Grad
11.5 sq mi
ZIP Area
2,702
Density / Sq Mi
$112,606
Median Household Income
$65,078
Median Earnings
$1,718
Median Rent
$390,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Residential income properties in Camden County, NJ
Properties on Market for Residential income properties in Camden County
Frequently Asked Questions
What type of property is this?
Residential income property - Interior improvements include new flooring, fresh paint, and replacement kitchen countertops.
Where is this residential income property located?
The property is located at 106 LUCAS LANE Voorhees, NJ.
What is the asking price?
The asking price for this property is $254,900.
What are key features of this property?
This property features: Two‑bedroom, two‑bath condominium; Built in 1985; Recent flooring, paint, and kitchen countertop updates
