Two-Bedroom Condo with Private
1303 TRISTRAM CIRCLE, Mantua, NJ 08051
For Sale
$240,000
Ground-floor residence combines single-level access with a fenced outdoor area and community pool and clubhouse.
Property Size1,062 SF
Days on Market50
Property Features for 1303 TRISTRAM CIRCLE
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Amenities
community pool
club house
private fenced yard
Building Details
Building Size
Year Built
Listing Agency:
HomeSmart First Advantage Realty
Listed By:
Steve T Salemno · License NJ RS290087
(267) 640-6413
Source:
Patmckennarealtors
Added: Sep 24
Changed: Nov 11
Last Checked: Nov 10 at 3:43PM
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 HomeSmart First Advantage Realty
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Investment Insights
Based on property information with market context.
This 1988 first-floor condo has two bedrooms and two full bathrooms arranged on one level. The living room opens through sliding doors to a private, vinyl-fenced patio and garden area. Interior features include a wraparound kitchen with granite counters, tile backsplash and Frigidaire stainless-steel appliances, plus an adjoining dining area. The primary suite includes a walk-in closet and private bath with a jetted tub and double sink; a second full bath has a shower stall. A washer and dryer area is also provided. Updates include Lennox HVAC and living-room LVP flooring, both installed in 2020, along with newer windows and a sliding glass door with interior blinds.
Residents have access to a community pool and clubhouse. The condo is near major roads, including routes 45, 295 and 55.
Residents have access to a community pool and clubhouse. The condo is near major roads, including routes 45, 295 and 55.
Key Highlights
- Two bedrooms and two full bathrooms on the first floor
- Private side patio and garden enclosed by vinyl fencing
- Wraparound kitchen with granite countertops and stainless‑steel Frigidaire appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,413
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$248,260
$248.3K
Cap Rate 7%
$177,329
$177.3K
Cap Rate 9%
$137,922
$137.9K
Market Conditions
NOI Build-Up for 1,062 SF
Gross rent
$24.0K $22.56/SF
− Vacancy
−$1.4K −$1.31/SF
EGI
$22.6K $21.25/SF
− OpEx
−$10.2K −$9.56/SF
NOI
$12.4K $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%
$248,260
Cap Rate 7%
$177,329
Cap Rate 9%
$137,922
Alternative Uses
Best Use
Apartment 5plus
$177.3K
$155.2K – $206.9K
NOI $12,413 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$357.0K
$312.4K – $416.5K
NOI $24,989 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
226
Businesses Nearby
Explore this area
Business Placement
Demographics for 08051, NJ
10,644
Population
4,602
Households
2.3
Avg Household Size
43
Median Age
36%
College-Educated
98%
High-School Grad
3.8 sq mi
ZIP Area
2,801
Density / Sq Mi
$97,452
Median Household Income
$57,900
Median Earnings
$1,691
Median Rent
$249,000
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Gloucester County, NJ
Properties on Market for Residential income properties in Gloucester County
Frequently Asked Questions
What type of property is this?
Residential income property - Ground-floor residence combines single-level access with a fenced outdoor area and community pool and clubhouse.
Where is this residential income property located?
The property is located at 1303 TRISTRAM CIRCLE Mantua, NJ.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms on the first floor; Private side patio and garden enclosed by vinyl fencing; Wraparound kitchen with granite countertops and stainless‑steel Frigidaire appliances
