Upper-Level Residential Income
For Sale
$325,000
180 WOODLAKE DRIVE, Marlton, NJ 08053
Contemporary unit with vaulted ceilings, updated bathrooms, and access to shared lake, pool, park, and walking paths.
Property Size1,596 SF
Days on Market10
Property Features for 180 WOODLAKE DRIVE
General Information
Standard status
Active
Size
1,596 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Amenities
lake
walking paths
pool
park
Building Details
Building Size
1,596 SF
Year Built
1987
Listing Agency:
Long & Foster Real Estate, Inc.
(609) 313-1596
Listed By:
Daren M Sautter · License #8836053
(609) 313-1596
Source:
Brucerealty
Added: Jul 27
Changed: Jul 31
Last Checked: Aug 5 at 5:00AM
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 Long & Foster Real Estate, Inc.
Investment Insights
Based on property information with market context.
This spacious, contemporary upper-level residential income property features a soft gray color palette, vaulted ceiling, and a second-floor view overlooking the great room. The unit includes two updated bathrooms with newer vanities and flooring, a kitchen equipped with stainless steel appliances less than four years old, and a primary bedroom with a walk-in closet and adjoining bathroom.
Residents have access to Kings Grant community amenities, including a lake, walking paths, pool, and park. The property was built in 1987 and is located at 180 Woodlake Drive in Marlton, New Jersey.
Residents have access to Kings Grant community amenities, including a lake, walking paths, pool, and park. The property was built in 1987 and is located at 180 Woodlake Drive in Marlton, New Jersey.
Key Highlights
- Spacious contemporary upper‑level unit with vaulted ceiling
- Second‑floor view overlooking the great room
- Two updated bathrooms with newer vanities and flooring
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $31.2k | $19.56 |
| − Vacancy | −$1.7k | −$1.10 |
| EGI | $29.5k | $18.46 |
| − OpEx | −$13.3k | −$8.31 |
| NOI | $16.2k | $10.16 |
1,596 SF · lease $19.56/SF/yr · vacancy 5.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$231.5K
$202.6K – $270.1K
NOI $16,208 @ 7.0% cap · market cap 4.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$404.7K
$354.1K – $472.1K
NOI $28,327 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
110
Businesses Nearby
Explore this area
Business Placement
Demographics for 08053, NJ
46,826
Population
20,090
Households
2.3
Avg Household Size
43
Median Age
53%
College-Educated
98%
High-School Grad
29.2 sq mi
ZIP Area
1,604
Density / Sq Mi
$116,745
Median Household Income
$67,439
Median Earnings
$1,939
Median Rent
$368,100
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Contemporary unit with vaulted ceilings, updated bathrooms, and access to shared lake, pool, park, and walking paths.
Where is this residential income property located?
The property is located at 180 WOODLAKE DRIVE Marlton, NJ.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Spacious contemporary upper‑level unit with vaulted ceiling; Second‑floor view overlooking the great room; Two updated bathrooms with newer vanities and flooring
