Residential Income Property with
New
For Sale
$265,000
137 ALPHA COURT, Blackwood, NJ 08012
The second-floor condominium has two bedrooms, two full bathrooms, and a private balcony.
Property Size1,428 SF
Days on Market5
Property Features for 137 ALPHA COURT
General Information
Standard status
Active
Size
1,428 SF
Property subtype
Penthouse Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,984
Amenities
private balcony
Building Details
Building Size
1,428 SF
Year Built
1998
Listing Agency:
Weichert Realtors - Moorestown
Listed By:
KAREN ORNELAS
(610) 772-0596
Source:
Brucerealty
Added: Oct 23
Changed: Oct 27
Last Checked: Oct 26 at 10:34PM
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 Weichert Realtors - Moorestown
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Investment Insights
Based on property information with market context.
This residential income property is a second-floor condominium with two bedrooms and two full bathrooms. A loft adds a separate area within the unit, and a private balcony provides outdoor space. The property was built in 1998.
Key Highlights
- Two bedrooms and two full bathrooms
- Second‑floor condominium
- Loft included in the unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,502
Cap Rate
5.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$290,040
$290.0K
Cap Rate 7%
$207,171
$207.2K
Cap Rate 9%
$161,133
$161.1K
Market Conditions
NOI Build-Up for 1,428 SF
Gross rent
$27.9K $19.56/SF
− Vacancy
−$1.6K −$1.10/SF
EGI
$26.4K $18.46/SF
− OpEx
−$11.9K −$8.31/SF
NOI
$14.5K $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%
$290,040
Cap Rate 7%
$207,171
Cap Rate 9%
$161,133
Alternative Uses
Best Use
Apartment 5plus
$207.2K
$181.3K – $241.7K
NOI $14,502 @ 7.0% cap · market cap 5.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$362.1K
$316.8K – $422.4K
NOI $25,345 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
618
Businesses Nearby
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Business Placement
Demographics for 08012, NJ
38,581
Population
16,192
Households
2.4
Avg Household Size
40
Median Age
34%
College-Educated
95%
High-School Grad
15.0 sq mi
ZIP Area
2,572
Density / Sq Mi
$93,497
Median Household Income
$52,650
Median Earnings
$1,589
Median Rent
$268,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - The second-floor condominium has two bedrooms, two full bathrooms, and a private balcony.
Where is this residential income property located?
The property is located at 137 ALPHA COURT Blackwood, NJ.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms; Second‑floor condominium; Loft included in the unit
