Updated Residential Income
For Sale
$250,000
115 E KINGS HIGHWAY Unit #140, Maple Shade, NJ 08052
Condominium with recent kitchen, bathroom, sliding-door, and HVAC improvements.
Property Size1,136 SF
Days on Market17
Property Features for 115 E KINGS HIGHWAY Unit #140
General Information
Standard status
Active
Size
1,136 SF
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,827
Building Details
Building Size
1,136 SF
Year Built
1972
Listing Agency:
Keller Williams Realty - Moorestown
(609) 381-3182
Listed By:
Anna P Alves · License #682225
(609) 381-3182
Source:
Patmckennarealtors
Added: Jul 20
Changed: Aug 4
Last Checked: Aug 4 at 7:31AM
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 Realty - Moorestown
Investment Insights
Based on property information with market context.
This residential income property is a condominium at 115 E Kings Highway, Unit 140, with updates completed across several major components. The kitchen was renovated in 2021, the bathroom was updated in 2023, and the HVAC system was replaced in 2024. A new sliding door adds another recent improvement. The property was built in 1972.
Located in Maple Shade, the unit sits near Kings Highway with access to Route 73 and Route 38. Route 70 is also minutes away, as are the Betsy Ross Bridge and Tacony, connecting the property with the surrounding roadway network and Philadelphia-area destinations.
Located in Maple Shade, the unit sits near Kings Highway with access to Route 73 and Route 38. Route 70 is also minutes away, as are the Betsy Ross Bridge and Tacony, connecting the property with the surrounding roadway network and Philadelphia-area destinations.
Key Highlights
- Kitchen renovation completed in 2021
- Bathroom update completed in 2023
- HVAC system replaced in 2024
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 | −$2.3k | −$2.04 |
| EGI | $31.8k | $27.96 |
| − OpEx | −$14.3k | −$12.58 |
| NOI | $17.5k | $15.38 |
1,136 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$249.6K
$218.4K – $291.2K
NOI $17,469 @ 7.0% cap · market cap 6.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$296.6K
$259.6K – $346.1K
NOI $20,764 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
563
Businesses Nearby
Explore this area
Business Placement
Demographics for 08052, NJ
20,003
Population
9,401
Households
2.1
Avg Household Size
38
Median Age
34%
College-Educated
96%
High-School Grad
3.8 sq mi
ZIP Area
5,264
Density / Sq Mi
$75,732
Median Household Income
$49,963
Median Earnings
$1,574
Median Rent
$235,500
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Ocean County, NJ
Properties on Market for Residential income properties in Ocean County
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Condominium with recent kitchen, bathroom, sliding-door, and HVAC improvements.
Where is this residential income property located?
The property is located at 115 E KINGS HIGHWAY Unit #140 Maple Shade, NJ.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Kitchen renovation completed in 2021; Bathroom update completed in 2023; HVAC system replaced in 2024
