Updated 2BR Condo in Canal
111 WORLIDGE COURT #3 Princeton, NJ 08540
111 WORLIDGE COURT #3, Princeton, NJ, 08540
$449,900
For Sale
$449,900
Updated 2-bedroom, 2-bath condo with private patio, included appliance package, and community amenities.
Property Size1,138 SF
Price / SF$395.34
Days on Market9
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) 903-8790
Listed by
Jenifer Lee Williams · License #2564662
(609) 903-8790
Source
Cummingsrealtors
Added: Jul 13 Updated: Jul 20 at 3:58AM Checked: Jul 21 at 3:32AM
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
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).
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $34.1k | $30.00 |
| − Vacancy | −$2.6k | −$2.25 |
| EGI | $31.6k | $27.75 |
| − OpEx | −$14.2k | −$12.49 |
| NOI | $17.4k | $15.26 |
1,138 SF · lease $30.00/SF/yr · vacancy 7.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$248.1K
$217.1K – $289.5K
NOI $17,369 @ 7.0% cap · market cap 3.86%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$366.1K
$320.4K – $427.2K
NOI $25,630 @ 7.0% cap · market cap 5.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Myer Bae
Research Institute
Similar For Sale Nearby
FAQs
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 $449,900.
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).
