First-Floor Residential Income
168 TAVISTOCK, Cherry Hill, NJ 08034
For Sale
New
$249,900
A private patio faces the community pool, with restaurants and shopping within walking distance.
Property Size736 SF
Days on Market6
Property Features for 168 TAVISTOCK
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
community pool
gas fireplace
patio
stackable washer and dryer
Building Details
Building Size
Year Built
Listing Agency:
Compass New Jersey, LLC - Haddon Township
Listed By:
Carol A Minghenelli · License NJ #342643
(609) 230-4799
Source:
Patmckennarealtors
Added: Nov 9
Changed: Nov 13
Last Checked: Nov 12 at 2:39PM
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 Compass New Jersey, LLC - Haddon Township
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Investment Insights
Based on property information with market context.
This first-floor condominium in Tavistock has updated interior finishes, including wood-look laminate flooring, white cabinetry, granite kitchen counters, and stainless steel appliances. The kitchen includes a five-burner gas range and Bosch dishwasher. The living room features a gas fireplace, while French doors open to a patio overlooking the community pool. The bedroom offers custom closet shelving, and the full bath and laundry closet have also been updated. A stackable washer and dryer is included.
Restaurants and shopping are within walking distance, and major roadways are accessible from the community. The property was built in 1987.
Restaurants and shopping are within walking distance, and major roadways are accessible from the community. The property was built in 1987.
Key Highlights
- First‑floor condominium with a patio overlooking the community pool
- Updated kitchen with granite counters, white cabinetry, and stainless steel appliances
- Five‑burner gas range and Bosch dishwasher
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,474
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$149,480
$149.5K
Cap Rate 7%
$106,771
$106.8K
Cap Rate 9%
$83,044
$83.0K
Market Conditions
NOI Build-Up for 736 SF
Gross rent
$14.4K $19.56/SF
− Vacancy
−$806 −$1.10/SF
EGI
$13.6K $18.46/SF
− OpEx
−$6.1K −$8.31/SF
NOI
$7.5K $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%
$149,480
Cap Rate 7%
$106,771
Cap Rate 9%
$83,044
Alternative Uses
Best Use
Apartment 5plus
$106.8K
$93.4K – $124.6K
NOI $7,474 @ 7.0% cap · market cap 2.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$186.6K
$163.3K – $217.7K
NOI $13,063 @ 7.0% cap · market cap 5.23%
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
1,320
Businesses Nearby
Explore this area
Business Placement
Demographics for 08034, NJ
19,256
Population
8,108
Households
2.4
Avg Household Size
42
Median Age
53%
College-Educated
94%
High-School Grad
5.9 sq mi
ZIP Area
3,264
Density / Sq Mi
$111,244
Median Household Income
$56,792
Median Earnings
$1,707
Median Rent
$335,700
Median Home Value
Market
Average Price Trend$/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 private patio faces the community pool, with restaurants and shopping within walking distance.
Where is this residential income property located?
The property is located at 168 TAVISTOCK Cherry Hill, NJ.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: First‑floor condominium with a patio overlooking the community pool; Updated kitchen with granite counters, white cabinetry, and stainless steel appliances; Five‑burner gas range and Bosch dishwasher
