Residential Income Property with New
For Sale
$289,900
130 BIRCHFIELD COURT, Mount Laurel, NJ 08054
Upper-level condominium with a new kitchen, bonus sitting room, and association-maintained recreational amenities.
Property Size1,171 SF
Days on Market31
Property Features for 130 BIRCHFIELD COURT
General Information
Standard status
Active
Size
1,171 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,850
Amenities
pool
clubhouse
laundry
Building Details
Building Size
1,171 SF
Year Built
1981
Listing Agency:
EXP Realty, LLC
Listed By:
Ian J Rossman · License #678326
(609) 410-1010
Source:
Patmckennarealtors
Added: Aug 12
Changed: Aug 31
Last Checked: Sep 10 at 5:27AM
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 upper-level condominium, built in 1981, offers two bedrooms and a full bath with a separate vanity area. The kitchen has soft-close cabinetry, quartz countertops, and new stainless steel appliances, along with a large pantry and storage area. A full-size laundry area and generous bedroom closets add practical storage. The floor plan also includes a bonus sitting room with sliding glass doors overlooking the surrounding recreation area.
The residence is positioned in a private court with ample parking. Association-maintained amenities include a clubhouse and pool, while Laurel Acres Park and major roads are nearby. The property combines updated interior features with shared outdoor recreation and convenient access to the surrounding area.
The residence is positioned in a private court with ample parking. Association-maintained amenities include a clubhouse and pool, while Laurel Acres Park and major roads are nearby. The property combines updated interior features with shared outdoor recreation and convenient access to the surrounding area.
Key Highlights
- Two‑bedroom upper‑level condominium with one full bath
- Kitchen features soft‑close cabinetry, quartz countertops, and new stainless steel appliances
- Bonus sitting room includes sliding glass doors and recreation‑area views
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,337
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$306,740
$306.7K
Cap Rate 7%
$219,100
$219.1K
Cap Rate 9%
$170,411
$170.4K
Market Conditions
NOI Build-Up for 1,171 SF
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.
Gross rent
$29.5K $25.20/SF
− Vacancy
−$1.6K −$1.39/SF
EGI
$27.9K $23.81/SF
− OpEx
−$12.5K −$10.72/SF
NOI
$15.3K $13.10/SF
Area
Burlington County, NJ
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$306,740
Cap Rate 7%
$219,100
Cap Rate 9%
$170,411
Alternative Uses
Best Use
Apartment 5plus
$219.1K
$191.7K – $255.6K
NOI $15,337 @ 7.0% cap · market cap 5.29%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.45M
$2.14M – $2.86M
NOI $171,439 @ 7.0% cap · market cap 59.14%
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
218
Businesses Nearby
Explore this area
Business Placement
Demographics for 08054, NJ
44,633
Population
19,966
Households
2.2
Avg Household Size
44
Median Age
56%
College-Educated
96%
High-School Grad
21.7 sq mi
ZIP Area
2,057
Density / Sq Mi
$114,629
Median Household Income
$67,986
Median Earnings
$1,966
Median Rent
$341,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Upper-level condominium with a new kitchen, bonus sitting room, and association-maintained recreational amenities.
Where is this residential income property located?
The property is located at 130 BIRCHFIELD COURT Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Two‑bedroom upper‑level condominium with one full bath; Kitchen features soft‑close cabinetry, quartz countertops, and new stainless steel appliances; Bonus sitting room includes sliding glass doors and recreation‑area views
