One-Bedroom
1313 ROBERTS WAY, Voorhees, NJ 08043
For Sale
New
$175,000
The unit includes an in-home washer and dryer and a covered outdoor area facing landscaped grounds.
Property Size775 SF
Days on Market4
Property Features for 1313 ROBERTS WAY
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
in-unit washer and dryer
covered outdoor space
Building Details
Building Size
Year Built
Listing Agency:
BHHS Fox & Roach-Marlton
Listed By:
Jennean A Veale · License #0343731
(856) 979-8024
Source:
Patmckennarealtors
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 5:37PM
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 BHHS Fox & Roach-Marlton
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Investment Insights
Based on property information with market context.
This one-bedroom, one-bath condominium in Voorhees was built in 1985. The kitchen has granite counters, stainless steel appliances, wood cabinetry, a tile backsplash, and a pass-through to the living area. Carpet and laminate plank flooring appear in the kitchen and dining areas, while the bedroom has bamboo flooring and a walk-in closet. An additional storage closet adds interior storage. The bathroom features a granite-top vanity, extra cabinetry, and a tiled tub and shower with sliding glass doors. Laundry equipment is located in the unit, and a covered outdoor space overlooks landscaped grounds.
Key Highlights
- One bedroom and one full bathroom
- Kitchen with granite counters, stainless steel appliances, wood cabinetry, and a tile backsplash
- Bedroom features bamboo flooring and a walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,871
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$157,420
$157.4K
Cap Rate 7%
$112,443
$112.4K
Cap Rate 9%
$87,456
$87.5K
Market Conditions
NOI Build-Up for 775 SF
Gross rent
$15.2K $19.56/SF
− Vacancy
−$849 −$1.10/SF
EGI
$14.3K $18.46/SF
− OpEx
−$6.4K −$8.31/SF
NOI
$7.9K $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 Rate 5%
$157,420
Cap Rate 7%
$112,443
Cap Rate 9%
$87,456
Alternative Uses
Best Use
Apartment 5plus
$112.4K
$98.4K – $131.2K
NOI $7,871 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$196.5K
$171.9K – $229.3K
NOI $13,755 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
193
Businesses Nearby
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Business Placement
Demographics for 08043, NJ
31,069
Population
12,688
Households
2.4
Avg Household Size
43
Median Age
60%
College-Educated
96%
High-School Grad
11.5 sq mi
ZIP Area
2,702
Density / Sq Mi
$112,606
Median Household Income
$65,078
Median Earnings
$1,718
Median Rent
$390,600
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Camden County, NJ
Properties on Market for Residential income properties in Camden County
Frequently Asked Questions
What type of property is this?
Residential income property - The unit includes an in-home washer and dryer and a covered outdoor area facing landscaped grounds.
Where is this residential income property located?
The property is located at 1313 ROBERTS WAY Voorhees, NJ.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: One bedroom and one full bathroom; Kitchen with granite counters, stainless steel appliances, wood cabinetry, and a tile backsplash; Bedroom features bamboo flooring and a walk‑in closet
