3-Bedroom
New
For Sale
$250,000
115 LIONHEART LANE, West Deptford, NJ 08086
Third-floor, single-level layout includes in-unit laundry and access to shared grounds and a playground.
Property Size1,279 SF
Price / SF$195.47
Days on Market6
Property Features for 115 LIONHEART LANE
General Information
Standard status
Active
Size
1,279 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,966
Amenities
common grounds
playground
in-unit laundry
Building Details
Building Size
1,279 SF
Year Built
2006
Listing Agency:
EXP Realty, LLC
Listed By:
Fitzgerald J Williams · License #1756204
(856) 269-7190
Source:
Patmckennarealtors
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 5 at 11:46PM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This 1,279-square-foot condominium has three bedrooms, two full bathrooms, and a single-level floor plan on the building’s third floor. The living and dining areas connect with the kitchen, while the primary bedroom has a private full bathroom. In-unit laundry is also included. Built in 2006, the residence backs onto open common space, and the community has shared grounds and a playground.
The condo fee covers maintenance of common areas and grounds, snow removal, and trash service. The property is in West Deptford, near shopping, dining, and major roadways.
The condo fee covers maintenance of common areas and grounds, snow removal, and trash service. The property is in West Deptford, near shopping, dining, and major roadways.
Key Highlights
- 1,279‑square‑foot, third‑floor condominium built in 2006
- Three bedrooms and two full bathrooms
- Single‑level layout with connected living and dining areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,949
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,980
$299.0K
Cap Rate 7%
$213,557
$213.6K
Cap Rate 9%
$166,100
$166.1K
Market Conditions
NOI Build-Up for 1,279 SF
Gross rent
$28.9K $22.56/SF
− Vacancy
−$1.7K −$1.31/SF
EGI
$27.2K $21.25/SF
− OpEx
−$12.2K −$9.56/SF
NOI
$14.9K $11.69/SF
Area
Gloucester County, NJ
Vacancy
5.80%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$298,980
Cap Rate 7%
$213,557
Cap Rate 9%
$166,100
Alternative Uses
Best Use
Apartment 5plus
$213.6K
$186.9K – $249.2K
NOI $14,949 @ 7.0% cap · market cap 5.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$429.9K
$376.2K – $501.6K
NOI $30,095 @ 7.0% cap · market cap 12.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
211
Businesses Nearby
Explore this area
Business Placement
Demographics for 08086, NJ
8,358
Population
3,950
Households
2.1
Avg Household Size
45
Median Age
31%
College-Educated
94%
High-School Grad
7.0 sq mi
ZIP Area
1,194
Density / Sq Mi
$88,125
Median Household Income
$52,146
Median Earnings
$1,689
Median Rent
$258,800
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Third-floor, single-level layout includes in-unit laundry and access to shared grounds and a playground.
Where is this residential income property located?
The property is located at 115 LIONHEART LANE West Deptford, 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: 1,279‑square‑foot, third‑floor condominium built in 2006; Three bedrooms and two full bathrooms; Single‑level layout with connected living and dining areas
