Two-Bedroom Residential Income
18 CRESTMONT DRIVE, Mantua, NJ 08051
For Sale
$249,900
Pending
Second-floor condo with a private balcony, in-unit laundry, and a primary bedroom with its own full bath.
Property Size1,051 SF
Days on Market58
Property Features for 18 CRESTMONT DRIVE
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
private balcony
in-unit laundry
Building Details
Building Size
Year Built
Listing Agency:
Ovation Realty LLC
Listed By:
Robert L Krupa · License #1111900
(215) 989-3946
Source:
Patmckennarealtors
Added: Sep 12
Changed: Nov 5
Last Checked: Nov 6 at 4:54PM
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 Ovation Realty LLC
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Investment Insights
Based on property information with market context.
This second-floor condominium at 18 Crestmont Drive offers a two-bedroom, two-bath layout with a bright living area and a private balcony. The primary bedroom includes a full private bath and generous closet space, while the additional bedroom can accommodate guests, office use, or other living needs. In-unit laundry adds practical convenience.
Built in 1992, the property is located in the Royal Oaks community of Mantua Township, near shopping, dining, and major highways. The surrounding area provides access to Gloucester County amenities while supporting a lower-maintenance condominium lifestyle.
Built in 1992, the property is located in the Royal Oaks community of Mantua Township, near shopping, dining, and major highways. The surrounding area provides access to Gloucester County amenities while supporting a lower-maintenance condominium lifestyle.
Key Highlights
- Two‑bedroom, two‑bath condominium
- Second‑floor location in the Royal Oaks community
- Private balcony connected to the living area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,284
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$245,680
$245.7K
Cap Rate 7%
$175,486
$175.5K
Cap Rate 9%
$136,489
$136.5K
Market Conditions
NOI Build-Up for 1,051 SF
Gross rent
$23.7K $22.56/SF
− Vacancy
−$1.4K −$1.31/SF
EGI
$22.3K $21.25/SF
− OpEx
−$10.1K −$9.56/SF
NOI
$12.3K $11.69/SF
Area
Gloucester County, NJ
Vacancy
5.80%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$245,680
Cap Rate 7%
$175,486
Cap Rate 9%
$136,489
Alternative Uses
Best Use
Apartment 5plus
$175.5K
$153.6K – $204.7K
NOI $12,284 @ 7.0% cap · market cap 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$353.3K
$309.1K – $412.2K
NOI $24,730 @ 7.0% cap · market cap 9.90%
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
52
Businesses Nearby
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Business Placement
Demographics for 08051, NJ
10,644
Population
4,602
Households
2.3
Avg Household Size
43
Median Age
36%
College-Educated
98%
High-School Grad
3.8 sq mi
ZIP Area
2,801
Density / Sq Mi
$97,452
Median Household Income
$57,900
Median Earnings
$1,691
Median Rent
$249,000
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Gloucester County, NJ
Properties on Market for Residential income properties in Gloucester County
Frequently Asked Questions
What type of property is this?
Residential income property - Second-floor condo with a private balcony, in-unit laundry, and a primary bedroom with its own full bath.
Where is this residential income property located?
The property is located at 18 CRESTMONT DRIVE Mantua, 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: Two‑bedroom, two‑bath condominium; Second‑floor location in the Royal Oaks community; Private balcony connected to the living area
