End-Unit Residential Income
For Sale
$265,000
111 REDBUD LANE, Mantua, NJ 08051
Updated three-bedroom condo with two full baths, open living areas, private balconies, and association-maintained exterior care.
Property Size1,210 SF
Days on Market10
Property Features for 111 REDBUD LANE
General Information
Standard status
Active
Size
1,210 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,474
Building Details
Building Size
1,210 SF
Year Built
2007
Listing Agency:
Coldwell Banker Realty
(609) 828-5150
Listed By:
Linda J. Adams · License #345312
(609) 828-5150
Source:
Patmckennarealtors
Added: Aug 1
Changed: Aug 8
Last Checked: Aug 9 at 11:30AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This ground-level end-unit condo, built in 2007, offers a three-bedroom, two-bath layout with an open connection between the entry, living room, dining area, and kitchen. The kitchen includes granite countertops, stainless appliances, and extensive cabinetry. Plank-style flooring extends through the main living areas, while the bedrooms feature newer carpeting. The primary suite has two closets, a private full bath with tub shower, and access to a rear balcony. A second balcony serves the home, and the front entry includes an open porch and a deep storage closet.
The residence has been repainted and updated in recent years, including the flooring, light fixtures, full bathrooms, and hot water tank. A brand-new washer and dryer are located in the laundry area. The association replaced the porch roof in 2025 and handles exterior building maintenance, lawn care, and snow removal. The property is located in Mantua, New Jersey, within the Clearview Regional School District.
The residence has been repainted and updated in recent years, including the flooring, light fixtures, full bathrooms, and hot water tank. A brand-new washer and dryer are located in the laundry area. The association replaced the porch roof in 2025 and handles exterior building maintenance, lawn care, and snow removal. The property is located in Mantua, New Jersey, within the Clearview Regional School District.
Key Highlights
- Ground‑level end‑unit condo with three bedrooms and two full baths
- Open‑concept living, dining, and kitchen arrangement
- Granite counters, stainless appliances, and abundant cabinetry
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
$14,143
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
5.34%
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%
$282,860
$282.9K
Cap Rate 7%
$202,043
$202.0K
Cap Rate 9%
$157,144
$157.1K
Market Conditions
NOI Build-Up for 1,210 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
$27.3K $22.56/SF
− Vacancy
−$1.6K −$1.31/SF
EGI
$25.7K $21.25/SF
− OpEx
−$11.6K −$9.56/SF
NOI
$14.1K $11.69/SF
Area
Gloucester County, NJ
Vacancy
5.80%
Lease Rate
$22.56 /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%
$282,860
Cap Rate 7%
$202,043
Cap Rate 9%
$157,144
Alternative Uses
Best Use
Apartment 5plus
$202.0K
$176.8K – $235.7K
NOI $14,143 @ 7.0% cap · market cap 5.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$406.7K
$355.9K – $474.5K
NOI $28,471 @ 7.0% cap · market cap 10.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
152
Businesses Nearby
Explore this area
Business Placement
Demographics for 08051, NJ
10,644
Population
4,602
Households
2.3
Avg Household Size
43
Median Age
36%
College-Educated
98%
High-School Grad
3.8 sq mi
ZIP Area
2,801
Density / Sq Mi
$97,452
Median Household Income
$57,900
Median Earnings
$1,691
Median Rent
$249,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated three-bedroom condo with two full baths, open living areas, private balconies, and association-maintained exterior care.
Where is this residential income property located?
The property is located at 111 REDBUD LANE Mantua, NJ.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Ground‑level end‑unit condo with three bedrooms and two full baths; Open‑concept living, dining, and kitchen arrangement; Granite counters, stainless appliances, and abundant cabinetry
