Two-Bedroom Residential Income
For Sale
$299,000
133 CHALKBOARD COURT, Moorestown, NJ 08057
Second-floor condominium with flexible living space, private outdoor access, and an attached two-bath layout.
Property Size1,132 SF
Days on Market70
Property Features for 133 CHALKBOARD COURT
General Information
Standard status
Active
Size
1,132 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,265
Amenities
gas fireplace
skylights
deck
stainless steel appliances
laundry area
Building Details
Building Size
1,132 SF
Year Built
1991
Listing Agency:
EXP Realty, LLC
Listed By:
Ian J Rossman · License #678326
(609) 410-1010
Source:
Patmckennarealtors
Added: Aug 8
Changed: Oct 11
Last Checked: Oct 15 at 6:11AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This second-floor condominium in School House Mews offers a two-bedroom, two-bath configuration with an open interior arrangement. The main living area includes high ceilings, a gas fireplace, palladium-style window, skylights, and a sliding door to a deck overlooking trees. The kitchen is equipped with stainless steel appliances, including a dishwasher, and connects directly with the dining and family room areas.
The larger bedroom includes its own full bath, while the second bedroom is served by a full hall bathroom. A laundry area completes the unit. The property was built in 1991 and is located near shopping, dining, Moorestown’s downtown district, and routes serving points north and south.
The larger bedroom includes its own full bath, while the second bedroom is served by a full hall bathroom. A laundry area completes the unit. The property was built in 1991 and is located near shopping, dining, Moorestown’s downtown district, and routes serving points north and south.
Key Highlights
- Two‑bedroom, two‑bath second‑floor condominium
- School House Mews community
- Deck overlooking trees with sliding‑door access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,827
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$296,540
$296.5K
Cap Rate 7%
$211,814
$211.8K
Cap Rate 9%
$164,744
$164.7K
Market Conditions
NOI Build-Up for 1,132 SF
Gross rent
$28.5K $25.20/SF
− Vacancy
−$1.6K −$1.39/SF
EGI
$27.0K $23.81/SF
− OpEx
−$12.1K −$10.72/SF
NOI
$14.8K $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 Rate 5%
$296,540
Cap Rate 7%
$211,814
Cap Rate 9%
$164,744
Alternative Uses
Best Use
Apartment 5plus
$211.8K
$185.3K – $247.1K
NOI $14,827 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.37M
$2.07M – $2.76M
NOI $165,729 @ 7.0% cap · market cap 55.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
280
Businesses Nearby
Explore this area
Business Placement
Demographics for 08057, NJ
21,691
Population
8,382
Households
2.6
Avg Household Size
44
Median Age
67%
College-Educated
96%
High-School Grad
15.3 sq mi
ZIP Area
1,418
Density / Sq Mi
$152,290
Median Household Income
$72,500
Median Earnings
$1,485
Median Rent
$626,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Second-floor condominium with flexible living space, private outdoor access, and an attached two-bath layout.
Where is this residential income property located?
The property is located at 133 CHALKBOARD COURT Moorestown, NJ.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath second‑floor condominium; School House Mews community; Deck overlooking trees with sliding‑door access
