Residential Income Apartment with
For Sale
$155,000
1307 HUNTINGDON MEWS, Clementon, NJ 08021
Vacant garden-style unit with association-maintained grounds, washer/dryer hookups, and parking-lot access.
Property Size946 SF
Days on Market13
Property Features for 1307 HUNTINGDON MEWS
General Information
Standard status
Active
Size
946 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$2,981
Building Details
Building Size
946 SF
Year Built
1988
Listing Agency:
Realty Solutions LLC
Listed By:
Brian Allen Petronchak · License #2075061
(856) 816-2987
Source:
Brucerealty
Added: Aug 26
Changed: Sep 5
Last Checked: Sep 6 at 10:01AM
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 Solutions LLC
Investment Insights
Based on property information with market context.
This vacant garden-style apartment is configured with two bedrooms and two bathrooms across 946 sq. ft. Built in 1988, the unit includes a fireplace, washer/dryer hookups, and access to a parking lot. Its below-average condition supports a renovation-oriented strategy for an investor seeking a residential income property.
The condominium association handles lawn maintenance, snow removal, and trash service, reducing exterior maintenance responsibilities. The property is located within the Huntingdon Mews community in Clementon, New Jersey. Financial projections provided for the unit include an 8% cap rate, a 4.4% year-one cash-on-cash return, and a 14.9% 10-year internal rate of return.
The condominium association handles lawn maintenance, snow removal, and trash service, reducing exterior maintenance responsibilities. The property is located within the Huntingdon Mews community in Clementon, New Jersey. Financial projections provided for the unit include an 8% cap rate, a 4.4% year-one cash-on-cash return, and a 14.9% 10-year internal rate of return.
Key Highlights
- 946 sq. ft. garden‑style apartment built in 1988
- Two‑bedroom, two‑bathroom unit
- Vacant residential income property
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
$9,607
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
6.20%
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%
$192,140
$192.1K
Cap Rate 7%
$137,243
$137.2K
Cap Rate 9%
$106,744
$106.7K
Market Conditions
NOI Build-Up for 946 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
$18.5K $19.56/SF
− Vacancy
−$1.0K −$1.10/SF
EGI
$17.5K $18.46/SF
− OpEx
−$7.9K −$8.31/SF
NOI
$9.6K $10.16/SF
Area
Camden County, NJ
Vacancy
5.60%
Lease Rate
$19.56 /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%
$192,140
Cap Rate 7%
$137,243
Cap Rate 9%
$106,744
Alternative Uses
Best Use
Apartment 5plus
$137.2K
$120.1K – $160.1K
NOI $9,607 @ 7.0% cap · market cap 6.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$239.9K
$209.9K – $279.8K
NOI $16,790 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
Explore this area
Business Placement
Demographics for 08021, NJ
51,458
Population
22,195
Households
2.3
Avg Household Size
37
Median Age
25%
College-Educated
90%
High-School Grad
13.0 sq mi
ZIP Area
3,958
Density / Sq Mi
$67,439
Median Household Income
$42,864
Median Earnings
$1,288
Median Rent
$192,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Vacant garden-style unit with association-maintained grounds, washer/dryer hookups, and parking-lot access.
Where is this residential income property located?
The property is located at 1307 HUNTINGDON MEWS Clementon, NJ.
What is the asking price?
The asking price for this property is $155,000.
What are key features of this property?
This property features: 946 sq. ft. garden‑style apartment built in 1988; Two‑bedroom, two‑bathroom unit; Vacant residential income property
