Residential Income Property with
144 CHELSEA CIRCLE, Clementon, NJ 08021
For Sale
$165,000
A renovated two-bedroom condominium offers updated finishes and a balcony, with White Horse Pike nearby.
Property Size828 SF
Days on Market9
Property Features for 144 CHELSEA CIRCLE
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
balcony
Building Details
Building Size
Year Built
Listing Agency:
Real Broker, LLC
Listed By:
Kelly Nicholls · License NJ #1643363
(856) 912-7512
Source:
Patmckennarealtors
Added: Nov 6
Changed: Nov 13
Last Checked: Nov 12 at 3:21PM
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 Real Broker, LLC
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Investment Insights
Based on property information with market context.
This two-bedroom, one-bath condominium was built in 1972 and has been renovated with new fixtures, contemporary flooring, and fresh paint. French doors open from the living area to a private balcony. The unit also includes two bedrooms with closet space and an updated bathroom.
The property is in Heritage Square, just off White Horse Pike. Eagle Plaza is about 10 minutes away, with dining and local parks also mentioned among nearby destinations.
The property is in Heritage Square, just off White Horse Pike. Eagle Plaza is about 10 minutes away, with dining and local parks also mentioned among nearby destinations.
Key Highlights
- Two‑bedroom, one‑bath condominium
- Renovated with new fixtures, contemporary flooring, and fresh paint
- Private balcony accessed through French doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,409
Cap Rate
5.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$168,180
$168.2K
Cap Rate 7%
$120,129
$120.1K
Cap Rate 9%
$93,433
$93.4K
Market Conditions
NOI Build-Up for 828 SF
Gross rent
$16.2K $19.56/SF
− Vacancy
−$907 −$1.10/SF
EGI
$15.3K $18.46/SF
− OpEx
−$6.9K −$8.31/SF
NOI
$8.4K $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%
$168,180
Cap Rate 7%
$120,129
Cap Rate 9%
$93,433
Alternative Uses
Best Use
Apartment 5plus
$120.1K
$105.1K – $140.2K
NOI $8,409 @ 7.0% cap · market cap 5.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$209.9K
$183.7K – $244.9K
NOI $14,696 @ 7.0% cap · market cap 8.91%
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
443
Businesses Nearby
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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
$192,200
Median Home Value
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Market
Average Price Trend$/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 - A renovated two-bedroom condominium offers updated finishes and a balcony, with White Horse Pike nearby.
Where is this residential income property located?
The property is located at 144 CHELSEA CIRCLE Clementon, NJ.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Two‑bedroom, one‑bath condominium; Renovated with new fixtures, contemporary flooring, and fresh paint; Private balcony accessed through French doors
