Residential Income Property with
For Sale
$255,000
2215 DURHAM COURT Unit C, Mount Laurel, NJ 08054
Third-floor condo offers two bedrooms, one bath, vaulted ceilings, private balcony, and a flexible upper-level loft.
Property Size1,284 SF
Price / SF$198.60
Days on Market43
Property Features for 2215 DURHAM COURT Unit C
General Information
Standard status
Active
Size
1,284 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,207
Amenities
fireplace
private balcony
pickleball
basketball courts
baseball fields
jog/walking paths
Building Details
Building Size
1,284 SF
Year Built
1987
Listing Agency:
Keller Williams Realty - Moorestown
Listed By:
Mary L Kolanko · License #674339
(609) 502-5962
Source:
Patmckennarealtors
Added: Sep 1
Changed: Oct 10
Last Checked: Oct 13 at 1:36AM
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 1,284-square-foot, third-floor condo includes two bedrooms, one bath, a kitchen, dining area, living room with fireplace, and an upper-level loft. Vaulted ceilings create an open interior, while luxury vinyl plank flooring, a bay window, and private balcony extend the living and dining area. The kitchen has newer appliances, cabinet storage, and direct separation from the utility and laundry room. The primary bedroom includes two double closets and access to an oversized bath with soaking tub, stall shower, vanity, and linen storage. The second bedroom can serve as an office or guest room.
Property updates include all-new Anderson windows, HVAC installed in 2020, a water heater from 2019, and a washer and dryer. Community recreation amenities include pickleball and basketball courts, baseball fields, jogging and walking paths, nearby parks, and trails. The property is near schools, dining, shopping, and entertainment, with access to Rte 38, Rte 295, Rte 70, and NJTPK.
Property updates include all-new Anderson windows, HVAC installed in 2020, a water heater from 2019, and a washer and dryer. Community recreation amenities include pickleball and basketball courts, baseball fields, jogging and walking paths, nearby parks, and trails. The property is near schools, dining, shopping, and entertainment, with access to Rte 38, Rte 295, Rte 70, and NJTPK.
Key Highlights
- 1,284‑square‑foot third‑floor condo with two bedrooms and one bath
- Flexible upper‑level loft with open‑concept space and double closets
- Living room with fireplace, vaulted ceilings, luxury vinyl plank flooring, and private balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,817
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$336,340
$336.3K
Cap Rate 7%
$240,243
$240.2K
Cap Rate 9%
$186,856
$186.9K
Market Conditions
NOI Build-Up for 1,284 SF
Gross rent
$32.4K $25.20/SF
− Vacancy
−$1.8K −$1.39/SF
EGI
$30.6K $23.81/SF
− OpEx
−$13.8K −$10.72/SF
NOI
$16.8K $13.10/SF
Area
Burlington County, NJ
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$336,340
Cap Rate 7%
$240,243
Cap Rate 9%
$186,856
Alternative Uses
Best Use
Apartment 5plus
$240.2K
$210.2K – $280.3K
NOI $16,817 @ 7.0% cap · market cap 6.59%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.69M
$2.35M – $3.13M
NOI $187,982 @ 7.0% cap · market cap 73.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
435
Businesses Nearby
Explore this area
Business Placement
Demographics for 08054, NJ
44,633
Population
19,966
Households
2.2
Avg Household Size
44
Median Age
56%
College-Educated
96%
High-School Grad
21.7 sq mi
ZIP Area
2,057
Density / Sq Mi
$114,629
Median Household Income
$67,986
Median Earnings
$1,966
Median Rent
$341,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Third-floor condo offers two bedrooms, one bath, vaulted ceilings, private balcony, and a flexible upper-level loft.
Where is this residential income property located?
The property is located at 2215 DURHAM COURT Unit C Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: 1,284‑square‑foot third‑floor condo with two bedrooms and one bath; Flexible upper‑level loft with open‑concept space and double closets; Living room with fireplace, vaulted ceilings, luxury vinyl plank flooring, and private balcony
