Updated End-Unit Residential Income
For Sale
$245,000
115 E KINGS HIGHWAY Unit 211, Maple Shade, NJ 08052
Renovated condominium residence with dedicated parking, community pool, and several services covered by the condo fee.
Property Size1,216 SF
Days on Market31
Property Features for 115 E KINGS HIGHWAY Unit 211
General Information
Standard status
Active
Size
1,216 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,049
Amenities
pool
club
Building Details
Building Size
1,216 SF
Year Built
1972
Listing Agency:
BHHS Fox & Roach-Marlton
(856) 761-7979
Listed By:
Kelly Toll Guzman · License #1867615
(856) 761-7979
Source:
Patmckennarealtors
Added: Jul 6
Changed: Aug 4
Last Checked: Aug 4 at 3:33AM
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 BHHS Fox & Roach-Marlton
Investment Insights
Based on property information with market context.
This end-unit condominium residence in Unit 211 offers over 1200 square feet with two bedrooms, one and a half bathrooms, and a dedicated parking space positioned directly in front. The interior has been refreshed with new flooring, fresh paint, large windows, and an updated kitchen featuring new cabinetry, quartz countertops, and recessed lighting. Both bathrooms include new vanities, while a large dedicated storage room adds useful organizational space. New AC and an air handler were installed in 6/2026.
The condo fee includes heat, water, sewer, trash, maintenance, and snow removal. Residents also have access to a community pool and pool club amenities. Built in 1972, the property is located near shopping, dining, and major roadways and is presented as move-in ready.
The condo fee includes heat, water, sewer, trash, maintenance, and snow removal. Residents also have access to a community pool and pool club amenities. Built in 1972, the property is located near shopping, dining, and major roadways and is presented as move-in ready.
Key Highlights
- End‑unit condominium with over 1200 square feet
- Two bedrooms and 1.5 bathrooms
- Dedicated parking spot directly in front of the unit
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 | $36.5k | $30.00 |
| − Vacancy | −$2.5k | −$2.04 |
| EGI | $34.0k | $27.96 |
| − OpEx | −$15.3k | −$12.58 |
| NOI | $18.7k | $15.38 |
1,216 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$267.1K
$233.8K – $311.7K
NOI $18,700 @ 7.0% cap · market cap 7.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$317.5K
$277.8K – $370.5K
NOI $22,227 @ 7.0% cap · market cap 9.07%
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
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Renovated condominium residence with dedicated parking, community pool, and several services covered by the condo fee.
Where is this residential income property located?
The property is located at 115 E KINGS HIGHWAY Unit 211 Maple Shade, NJ.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: End‑unit condominium with over 1200 square feet; Two bedrooms and 1.5 bathrooms; Dedicated parking spot directly in front of the unit
