Residential Income Property with
New
For Sale
$265,000
220 STEEPLECHASE COURT, Woodbury, NJ 08096
An upper-level residence pairs a private balcony with two full bathrooms and access to a community pool.
Property Size1,424 SF
Price / SF$186.10
Days on Market2
Property Features for 220 STEEPLECHASE COURT
General Information
Standard status
Active
Size
1,424 SF
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA + Loft
Multifamily Units
1
Additional Details
Highway Access
Yes
Amenities
private balcony
pool
Building Details
Year Built
1989
Listing Agency:
BHHS Fox & Roach-Mullica Hill South
Listed By:
Pamela Kotter · License #8832242
(856) 343-6000
Source:
Cummingsrealtors
Added: Oct 26
Last Checked: Oct 26 at 3:54PM
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 BHHS Fox & Roach-Mullica Hill South
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Investment Insights
Based on property information with market context.
This 1,424-square-foot upper-level residence was built in 1989 and offers two bedrooms, two full bathrooms and a loft. The kitchen connects to the living area, and a private balcony extends the unit’s living space. Additional parking is available nearby within the community, which also has an in-ground pool.
The property is in Deptford Township, with access to Route 295, Route 55, Route 42, the Atlantic City Expressway and the New Jersey Turnpike. Shopping, restaurants, parks and Deptford Mall are also nearby.
The property is in Deptford Township, with access to Route 295, Route 55, Route 42, the Atlantic City Expressway and the New Jersey Turnpike. Shopping, restaurants, parks and Deptford Mall are also nearby.
Key Highlights
- 1,424‑square‑foot upper‑level residence with two bedrooms, two full bathrooms and a loft
- Private balcony and kitchen open to the living area
- Community in‑ground pool and nearby additional parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,644
Cap Rate
6.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,880
$332.9K
Cap Rate 7%
$237,771
$237.8K
Cap Rate 9%
$184,933
$184.9K
Market Conditions
NOI Build-Up for 1,424 SF
Gross rent
$32.1K $22.56/SF
− Vacancy
−$1.9K −$1.31/SF
EGI
$30.3K $21.25/SF
− OpEx
−$13.6K −$9.56/SF
NOI
$16.6K $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%
$332,880
Cap Rate 7%
$237,771
Cap Rate 9%
$184,933
Alternative Uses
Best Use
Apartment 5plus
$237.8K
$208.1K – $277.4K
NOI $16,644 @ 7.0% cap · market cap 6.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$478.7K
$418.8K – $558.4K
NOI $33,506 @ 7.0% cap · market cap 12.64%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
Explore this area
Business Placement
Demographics for 08096, NJ
36,355
Population
15,013
Households
2.4
Avg Household Size
41
Median Age
30%
College-Educated
92%
High-School Grad
13.9 sq mi
ZIP Area
2,615
Density / Sq Mi
$89,483
Median Household Income
$49,480
Median Earnings
$1,446
Median Rent
$248,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - An upper-level residence pairs a private balcony with two full bathrooms and access to a community pool.
Where is this residential income property located?
The property is located at 220 STEEPLECHASE COURT Woodbury, NJ.
What is the asking price?
The asking price for this property is $265,000.
What are key features of this property?
This property features: 1,424‑square‑foot upper‑level residence with two bedrooms, two full bathrooms and a loft; Private balcony and kitchen open to the living area; Community in‑ground pool and nearby additional parking
