Updated 2BR Condo in Canal
For Sale
$429,900
111 WORLIDGE COURT #3, Princeton, NJ 08540
Updated 2-bedroom, 2-bath condo with private patio, included appliance package, and community amenities.
Property Size1,138 SF
Price / SF$377.77
Days on Market99
Property Features for 111 WORLIDGE COURT #3
General Information
Standard status
Active
Size
1,138 SF
Property subtype
Apartment
Building Details
Year Built
1987
Listing Agency:
Keller Williams Real Estate - Princeton
(609) 987-8889
Listed By:
Jenifer Lee Williams · License #2564662
(609) 903-8790
Source:
Cummingsrealtors
Added: Jul 14
Changed: Oct 19
Last Checked: Oct 19 at 10:35AM
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 - Princeton
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.
Situated in the Canal Pointe community, this updated 2-bedroom, 2-bath Belvedere model condo is filled with natural light and designed with an open, spacious layout. The home features updated flooring throughout, upgraded bathrooms including a primary bath with double sinks, and a kitchen with a new granite countertop and tile flooring. A modern appliance package is included, featuring a gas range, built-in microwave, garbage disposal, refrigerator, and dishwasher. A private patio provides outdoor space for everyday use. Select furnishings and a 65-inch flat-screen TV are also included with the sale.
Residents have access to community amenities including an outdoor pool, tennis courts, and a clubhouse. Association services include snow removal, trash removal, and lawn service for low-maintenance living.
The condo is located just minutes from downtown Princeton, parks, recreational walkways, shopping, dining, and major commuter routes, and is conveniently close to the Princeton Junction train station, with direct rail service to New York City and Philadelphia. The property is within the West Windsor-Plainsboro Regional School District.
Residents have access to community amenities including an outdoor pool, tennis courts, and a clubhouse. Association services include snow removal, trash removal, and lawn service for low-maintenance living.
The condo is located just minutes from downtown Princeton, parks, recreational walkways, shopping, dining, and major commuter routes, and is conveniently close to the Princeton Junction train station, with direct rail service to New York City and Philadelphia. The property is within the West Windsor-Plainsboro Regional School District.
Key Highlights
- Updated 2‑bedroom, 2‑bath Belvedere model condo in the Canal Pointe community (built 1987).
- Upgraded bathrooms include a spacious primary bath with double sinks.
- Kitchen updates include a new granite countertop and tile flooring, plus a modern appliance package (gas range, microwave, disposal, refrigerator, dishwasher).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,369
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,380
$347.4K
Cap Rate 7%
$248,129
$248.1K
Cap Rate 9%
$192,989
$193.0K
Market Conditions
NOI Build-Up for 1,138 SF
Gross rent
$34.1K $30.00/SF
− Vacancy
−$2.6K −$2.25/SF
EGI
$31.6K $27.75/SF
− OpEx
−$14.2K −$12.49/SF
NOI
$17.4K $15.26/SF
Area
Mercer County, NJ
Vacancy
7.50%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,380
Cap Rate 7%
$248,129
Cap Rate 9%
$192,989
Alternative Uses
Best Use
Apartment 5plus
$248.1K
$217.1K – $289.5K
NOI $17,369 @ 7.0% cap · market cap 4.04%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$366.1K
$320.4K – $427.2K
NOI $25,630 @ 7.0% cap · market cap 5.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Location Intelligence
Trade Area within ½ mile
987
Businesses Nearby
Explore this area
Business Placement
Demographics for 08540, NJ
48,216
Population
19,255
Households
2.5
Avg Household Size
41
Median Age
82%
College-Educated
98%
High-School Grad
51.7 sq mi
ZIP Area
933
Density / Sq Mi
$169,898
Median Household Income
$80,357
Median Earnings
$2,083
Median Rent
$723,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Updated 2-bedroom, 2-bath condo with private patio, included appliance package, and community amenities.
Where is this multifamily property located?
The property is located at 111 WORLIDGE COURT #3 Princeton, NJ.
What is the asking price?
The asking price for this property is $429,900.
What are key features of this property?
This property features: Updated 2‑bedroom, 2‑bath Belvedere model condo in the Canal Pointe community (built 1987).; Upgraded bathrooms include a spacious primary bath with double sinks.; Kitchen updates include a new granite countertop and tile flooring, plus a modern appliance package (gas range, microwave, disposal, refrigerator, dishwasher).
