Residential Income Property with
New
For Sale
$265,000
127 CLAIRE COURT, Turnersville, NJ 08012
An upper-level condo pairs two bedrooms with a loft, a covered deck, and an upgraded kitchen.
Property Size1,268 SF
Days on Market6
Property Features for 127 CLAIRE COURT
General Information
Standard status
Active
Size
1,268 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,544
Building Details
Building Size
1,268 SF
Year Built
1987
Stories
2
Listing Agency:
Realty Mark Advantage
Listed By:
Barbara Neville · License #8433537
(856) 904-1861
Source:
Brucerealty
Added: Oct 14
Changed: Oct 19
Last Checked: Oct 19 at 2:18PM
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 Realty Mark Advantage
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Investment Insights
Based on property information with market context.
This upper-level, two-story condo in Fries Mill Estates has 2 bedrooms and 2 full bathrooms, plus a loft and a covered deck. Interior features include bamboo flooring, skylights, an electric fireplace, and a living room with a cathedral ceiling. The upgraded kitchen has a broad work counter and opens to the dining area. The main bedroom includes a walk-in closet with built-in drawers and an ensuite bathroom with two sinks and a walk-in shower. A second bedroom, separate laundry room, and full-sized washer and dryer complete the layout.
The property is in Washington Township, Gloucester County, with access to Route 42 and the Atlantic City Expressway. One assigned parking space is near the building, with additional parking available there.
The property is in Washington Township, Gloucester County, with access to Route 42 and the Atlantic City Expressway. One assigned parking space is near the building, with additional parking available there.
Key Highlights
- Two‑story condo with 2 bedrooms, 2 full bathrooms, and a loft
- Covered deck, skylights, bamboo flooring, and electric fireplace
- Main bedroom has a walk‑in closet and ensuite bath with two sinks
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,499
Cap Rate
7.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$389,980
$390.0K
Cap Rate 7%
$278,557
$278.6K
Cap Rate 9%
$216,656
$216.7K
Market Conditions
NOI Build-Up for 1,268 SF
Gross rent
$38.0K $30.00/SF
− Vacancy
−$2.6K −$2.04/SF
EGI
$35.5K $27.96/SF
− OpEx
−$16.0K −$12.58/SF
NOI
$19.5K $15.38/SF
Area
Bergen 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%
$389,980
Cap Rate 7%
$278,557
Cap Rate 9%
$216,656
Alternative Uses
Best Use
Apartment 5plus
$278.6K
$243.7K – $325.0K
NOI $19,499 @ 7.0% cap · market cap 7.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$331.1K
$289.7K – $386.3K
NOI $23,177 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
624
Businesses Nearby
Explore this area
Business Placement
Demographics for 08012, NJ
38,581
Population
16,192
Households
2.4
Avg Household Size
40
Median Age
34%
College-Educated
95%
High-School Grad
15.0 sq mi
ZIP Area
2,572
Density / Sq Mi
$93,497
Median Household Income
$52,650
Median Earnings
$1,589
Median Rent
$268,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - An upper-level condo pairs two bedrooms with a loft, a covered deck, and an upgraded kitchen.
Where is this residential income property located?
The property is located at 127 CLAIRE COURT Turnersville, NJ.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two‑story condo with 2 bedrooms, 2 full bathrooms, and a loft; Covered deck, skylights, bamboo flooring, and electric fireplace; Main bedroom has a walk‑in closet and ensuite bath with two sinks
