Updated First-Floor Residential Income
New
For Sale
$249,999
207 HUNTER COURT, Marlton, NJ 08053
Ground-level condo with refreshed finishes, dedicated nearby parking, and access to a pet-friendly community pool.
Property Size1,115 SF
Price / SF$224.21
Days on Market6
Property Features for 207 HUNTER COURT
General Information
Standard status
Active
Size
1,115 SF
Property subtype
Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Amenities
community pool
Building Details
Year Built
1974
Listing Agency:
Keller Williams Realty - Moorestown
(856) 577-2694
Listed By:
Devin Dinofa
(856) 577-2694
Source:
Cummingsrealtors
Added: Aug 12
Changed: Aug 16
Last Checked: Aug 16 at 4:04AM
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 Keller Williams Realty - Moorestown
Investment Insights
Based on property information with market context.
This 1,115-square-foot, first-floor condominium at 207 Hunter Court offers two bedrooms and 1.5 baths within the Marlton Meeting community. The interior has been refreshed with hardwood flooring, neutral paint, and an updated kitchen featuring granite countertops, stainless-steel appliances, and substantial cabinet storage. Parking is located directly outside the unit, with additional spaces available throughout the community.
Residents have access to a community pool and other community amenities in a pet-friendly setting. The property is positioned in Marlton, minutes from major highways, shopping, and dining. Built in 1974, the condominium combines a ground-level layout with updated interior finishes and convenient access to shared amenities.
Residents have access to a community pool and other community amenities in a pet-friendly setting. The property is positioned in Marlton, minutes from major highways, shopping, and dining. Built in 1974, the condominium combines a ground-level layout with updated interior finishes and convenient access to shared amenities.
Key Highlights
- 1,115 SF first‑floor condominium at 207 Hunter Court
- Two bedrooms and 1.5 baths
- Updated kitchen with granite countertops and stainless‑steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,323
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$226,460
$226.5K
Cap Rate 7%
$161,757
$161.8K
Cap Rate 9%
$125,811
$125.8K
Market Conditions
NOI Build-Up for 1,115 SF
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.
Gross rent
$21.8K $19.56/SF
− Vacancy
−$1.2K −$1.10/SF
EGI
$20.6K $18.46/SF
− OpEx
−$9.3K −$8.31/SF
NOI
$11.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$226,460
Cap Rate 7%
$161,757
Cap Rate 9%
$125,811
Alternative Uses
Best Use
Apartment 5plus
$161.8K
$141.5K – $188.7K
NOI $11,323 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$282.7K
$247.4K – $329.8K
NOI $19,790 @ 7.0% cap · market cap 7.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,437
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 - Ground-level condo with refreshed finishes, dedicated nearby parking, and access to a pet-friendly community pool.
Where is this residential income property located?
The property is located at 207 HUNTER COURT Marlton, NJ.
What is the asking price?
The asking price for this property is $249,999.
What are key features of this property?
This property features: 1,115 SF first‑floor condominium at 207 Hunter Court; Two bedrooms and 1.5 baths; Updated kitchen with granite countertops and stainless‑steel appliances
