Top-Floor Two-Bedroom Income
For Sale
$249,900
115 E KINGS HIGHWAY Unit 438, Maple Shade, NJ 08052
End-unit residence with an open living area, private balcony, and wooded community outlook.
Property Size1,136 SF
Days on Market14
Property Features for 115 E KINGS HIGHWAY Unit 438
General Information
Standard status
Active
Size
1,136 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,231
Amenities
pool
clubhouse
walking trails
pond
in-unit washer/dryer
private balcony
Building Details
Building Size
1,136 SF
Year Built
1972
Listing Agency:
Agent06 LLC
(609) 413-2057
Listed By:
Anthony Wilson
(609) 413-2057
Source:
Patmckennarealtors
Added: Jul 23
Changed: Aug 4
Last Checked: Aug 4 at 4:21AM
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 Agent06 LLC
Investment Insights
Based on property information with market context.
This top-floor residential income property is an end unit with two bedrooms and one bathroom. The interior includes an open living and dining arrangement, crown molding, a tray ceiling, and a remodeled kitchen configuration with granite countertops, tile backsplash, and stainless appliances. Wood flooring and ceiling fans serve both bedrooms, while an in-unit washer and dryer and dedicated utility closet add practical convenience. A private balcony faces wooded views along the community walking path.
Residents have access to an updated clubhouse and pool, along with assigned parking space 549. The HOA includes sewer, water, and heat. Located in Maple Shade, the property is seconds from Route 73, with access to Moorestown, Cherry Hill, dining, shopping, and multiple bridges into Philadelphia within fifteen minutes.
Residents have access to an updated clubhouse and pool, along with assigned parking space 549. The HOA includes sewer, water, and heat. Located in Maple Shade, the property is seconds from Route 73, with access to Moorestown, Cherry Hill, dining, shopping, and multiple bridges into Philadelphia within fifteen minutes.
Key Highlights
- Two‑bedroom, one‑bath top‑floor end unit
- Private balcony overlooking wooded views and a community walking path
- Opened kitchen with granite counters, tile backsplash, and stainless appliances
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
Utilities to site
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 - End-unit residence with an open living area, private balcony, and wooded community outlook.
Where is this residential income property located?
The property is located at 115 E KINGS HIGHWAY Unit 438 Maple Shade, NJ.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Two‑bedroom, one‑bath top‑floor end unit; Private balcony overlooking wooded views and a community walking path; Opened kitchen with granite counters, tile backsplash, and stainless appliances
