Garden-Style Residential
New
For Sale
$180,000
115 E KINGS HIGHWAY Unit 248, Maple Shade, NJ 08052
Community amenities include an outdoor pool, clubhouse, and library.
Property Size944 SF
Days on Market5
Property Features for 115 E KINGS HIGHWAY Unit 248
General Information
Standard status
Active
Size
944 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,415
Amenities
outdoor pool
clubhouse
library
in-unit laundry hookups
Building Details
Building Size
944 SF
Year Built
1972
Construction
garden-style
Listing Agency:
Vylla Home
Listed By:
James Park · License #2183751
(732) 688-9444
Source:
Patmckennarealtors
Added: Oct 16
Changed: Oct 19
Last Checked: Oct 19 at 2:20PM
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 Vylla Home
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.
This garden-style residential unit in the Watergate community was built in 1972. Interior features include laminate plank and vinyl flooring, along with hookups for an in-unit washer and dryer. Assigned parking is provided for the unit.
Residents have access to an outdoor pool, clubhouse, and library. The HOA fee covers water, sewer, heat, lawn maintenance, snow removal, and trash collection.
Residents have access to an outdoor pool, clubhouse, and library. The HOA fee covers water, sewer, heat, lawn maintenance, snow removal, and trash collection.
Key Highlights
- Watergate community unit built in 1972
- Outdoor pool, clubhouse, and library available to residents
- HOA fee includes water, sewer, heat, lawn maintenance, snow removal, and trash collection
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,517
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$290,340
$290.3K
Cap Rate 7%
$207,386
$207.4K
Cap Rate 9%
$161,300
$161.3K
Market Conditions
NOI Build-Up for 944 SF
Gross rent
$28.3K $30.00/SF
− Vacancy
−$1.9K −$2.04/SF
EGI
$26.4K $27.96/SF
− OpEx
−$11.9K −$12.58/SF
NOI
$14.5K $15.38/SF
Area
Ocean County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$290,340
Cap Rate 7%
$207,386
Cap Rate 9%
$161,300
Alternative Uses
Best Use
Apartment 5plus
$207.4K
$181.5K – $242.0K
NOI $14,517 @ 7.0% cap · market cap 8.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$246.5K
$215.7K – $287.6K
NOI $17,255 @ 7.0% cap · market cap 9.59%
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
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Community amenities include an outdoor pool, clubhouse, and library.
Where is this residential income property located?
The property is located at 115 E KINGS HIGHWAY Unit 248 Maple Shade, NJ.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: Watergate community unit built in 1972; Outdoor pool, clubhouse, and library available to residents; HOA fee includes water, sewer, heat, lawn maintenance, snow removal, and trash collection
