First-Floor Residential Income
For Sale
$350,000
219 SHERBROOKE CT #219, Cherry Hill, NJ 08003
CHERRY HILL, NJ
Property Size2,300 SF
Price / SF$152.17
Days on Market61
Property Features for 219 SHERBROOKE CT #219
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bedroom 1, Bedroom 2
Subdivision
THE COTSWALDS
Elementary school
WOODCREST
Middle school
HENRY C. BECK M.S.
High school
CHERRY HILL HIGH - EAST
Elementary school district
CHERRY HILL TOWNSHIP PUBLIC SCHOOLS
Middle school district
CHERRY HILL TOWNSHIP PUBLIC SCHOOLS
High school district
CHERRY HILL TOWNSHIP PUBLIC SCHOOLS
Standard status
Active
Building Details
Year built
1988
Listing Agency:
Cherry Hill/Haddonfield
(856) 857-2200
Listed By:
Barbara A Mulvenna
Added: Aug 20
Changed: Oct 7
Last Checked: Oct 19 at 2:06PM
MLS# NJCD2124492
Copyright © 2026 Long & Foster Real Estate. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This first-floor condominium includes approximately 2,300 finished square feet and a fully finished basement. The lower level provides an office that may serve as a third bedroom, along with additional storage and a slate pool table. The residence has been updated throughout and includes two listed bedrooms.
The property is near the speed line and major interstates, providing access to regional transportation routes. Built in 1988, it is offered for sale with availability for a quick settlement.
The property is near the speed line and major interstates, providing access to regional transportation routes. Built in 1988, it is offered for sale with availability for a quick settlement.
Key Highlights
- Approximately 2,300 finished square feet
- First‑floor condominium with finished basement
- Basement office could be used as a third bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,358
Cap Rate
6.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$467,160
$467.2K
Cap Rate 7%
$333,686
$333.7K
Cap Rate 9%
$259,533
$259.5K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$45.0K $19.56/SF
− Vacancy
−$2.5K −$1.10/SF
EGI
$42.5K $18.46/SF
− OpEx
−$19.1K −$8.31/SF
NOI
$23.4K $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%
$467,160
Cap Rate 7%
$333,686
Cap Rate 9%
$259,533
Alternative Uses
Best Use
Apartment 5plus
$333.7K
$292.0K – $389.3K
NOI $23,358 @ 7.0% cap · market cap 6.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$583.2K
$510.3K – $680.4K
NOI $40,822 @ 7.0% cap · market cap 11.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
365
Businesses Nearby
Explore this area
Business Placement
Demographics for 08003, NJ
31,402
Population
12,049
Households
2.6
Avg Household Size
44
Median Age
67%
College-Educated
96%
High-School Grad
11.0 sq mi
ZIP Area
2,855
Density / Sq Mi
$155,947
Median Household Income
$77,139
Median Earnings
$1,991
Median Rent
$418,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Single family property - Updated condominium with a finished basement, office area, slate pool table, and substantial storage.
Where is this single family property located?
The property is located at 219 SHERBROOKE CT #219 Cherry Hill, NJ.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Approximately 2,300 finished square feet; First‑floor condominium with finished basement; Basement office could be used as a third bedroom
