Updated Residential Income
For Sale
$210,000
165-2 ECHELON ROAD, Voorhees, NJ 08043
First-floor condominium with renovated kitchen and bath, newer flooring, fresh paint, and a recently installed HVAC system.
Property Size934 SF
Days on Market50
Property Features for 165-2 ECHELON ROAD
General Information
Standard status
Active
Size
934 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,404
Building Details
Building Size
934 SF
Year Built
1972
Listing Agency:
Prime Realty Partners
Listed By:
Robert Bunis · License #1648419
(609) 220-6311
Source:
Brucerealty
Added: Sep 8
Changed: Oct 26
Last Checked: Oct 27 at 12:20AM
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 Prime Realty Partners
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Investment Insights
Based on property information with market context.
This first-floor condominium includes one bedroom and one bathroom, with several interior improvements completed over time. The kitchen and bathroom have been updated, while newer flooring was installed in 2018. Fresh paint and a brand-new HVAC system installed in 2026 add to the property's current condition. The condominium was built in 1972.
Located at 165-2 Echelon Road in Voorhees, New Jersey, the property offers a residential configuration within the Heritage Grove section. Its combination of updated interior spaces, refreshed finishes, and modern HVAC equipment provides a clearly defined residential income property profile.
Located at 165-2 Echelon Road in Voorhees, New Jersey, the property offers a residential configuration within the Heritage Grove section. Its combination of updated interior spaces, refreshed finishes, and modern HVAC equipment provides a clearly defined residential income property profile.
Key Highlights
- First‑floor condominium with one bedroom and one bathroom
- Updated kitchen and bathroom
- Newer flooring installed in 2018
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,485
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$189,700
$189.7K
Cap Rate 7%
$135,500
$135.5K
Cap Rate 9%
$105,389
$105.4K
Market Conditions
NOI Build-Up for 934 SF
Gross rent
$18.3K $19.56/SF
− Vacancy
−$1.0K −$1.10/SF
EGI
$17.2K $18.46/SF
− OpEx
−$7.8K −$8.31/SF
NOI
$9.5K $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%
$189,700
Cap Rate 7%
$135,500
Cap Rate 9%
$105,389
Alternative Uses
Best Use
Apartment 5plus
$135.5K
$118.6K – $158.1K
NOI $9,485 @ 7.0% cap · market cap 4.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$236.8K
$207.2K – $276.3K
NOI $16,577 @ 7.0% cap · market cap 7.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
193
Businesses Nearby
Explore this area
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
Frequently Asked Questions
What type of property is this?
Residential income property - First-floor condominium with renovated kitchen and bath, newer flooring, fresh paint, and a recently installed HVAC system.
Where is this residential income property located?
The property is located at 165-2 ECHELON ROAD Voorhees, NJ.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: First‑floor condominium with one bedroom and one bathroom; Updated kitchen and bathroom; Newer flooring installed in 2018
