Third-Floor Residential Income
For Sale
$179,900
Pending
2052 LUCAS LANE, Voorhees, NJ 08043
One-bedroom condo with a private patio and in-unit laundry.
Property Size654 SF
Days on Market90
Property Features for 2052 LUCAS LANE
General Information
Standard status
Pending
Size
654 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,086
Amenities
in-unit stackable washer and dryer
private patio
Building Details
Building Size
654 SF
Year Built
1989
Listing Agency:
EXP Realty, LLC
Listed By:
Patrick edward McKenna · License #2437849
(609) 915-5003
Source:
Brucerealty
Added: Jul 30
Changed: Oct 26
Last Checked: Oct 27 at 1:31AM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
Built in 1989, this third-floor condominium includes one bedroom and one full bathroom in a well-maintained residential setting. The interior centers on an open living and dining arrangement with high ceilings and direct connection to the kitchen, creating a flexible everyday layout. A full bathroom includes a stackable washer and dryer within the unit, while the primary bedroom provides a separate sleeping area.
Outdoor space is provided by a private patio. The property is located at 2052 Lucas Lane in Voorhees, New Jersey, within the Lucas Lane Condos community.
Outdoor space is provided by a private patio. The property is located at 2052 Lucas Lane in Voorhees, New Jersey, within the Lucas Lane Condos community.
Key Highlights
- Third‑floor condominium at 2052 Lucas Lane
- One bedroom and one full bathroom
- Open living and dining layout with high ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,642
Cap Rate
3.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$132,840
$132.8K
Cap Rate 7%
$94,886
$94.9K
Cap Rate 9%
$73,800
$73.8K
Market Conditions
NOI Build-Up for 654 SF
Gross rent
$12.8K $19.56/SF
− Vacancy
−$716 −$1.10/SF
EGI
$12.1K $18.46/SF
− OpEx
−$5.4K −$8.31/SF
NOI
$6.6K $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%
$132,840
Cap Rate 7%
$94,886
Cap Rate 9%
$73,800
Alternative Uses
Best Use
Apartment 5plus
$94.9K
$83.0K – $110.7K
NOI $6,642 @ 7.0% cap · market cap 3.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$165.8K
$145.1K – $193.5K
NOI $11,608 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open 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
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Frequently Asked Questions
What type of property is this?
Residential income property - One-bedroom condo with a private patio and in-unit laundry.
Where is this residential income property located?
The property is located at 2052 LUCAS LANE Voorhees, NJ.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Third‑floor condominium at 2052 Lucas Lane; One bedroom and one full bathroom; Open living and dining layout with high ceilings
