Residential Income Property with Rooftop
For Sale
$350,000
238 SOCIETY HILL BOULEVARD, Cherry Hill, NJ 08003
Two-bedroom condominium with a finished lower level, private primary bath, garage, and access to community recreation amenities.
Property Size1,290 SF
Days on Market119
Property Features for 238 SOCIETY HILL BOULEVARD
General Information
Standard status
Active
Size
1,290 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2.5BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$6,501
Amenities
swimming pool
tennis courts
recreation center
rooftop deck
Building Details
Building Size
1,290 SF
Year Built
1980
Listing Agency:
RE/MAX ONE Realty-Moorestown
Listed By:
Stefani Roach · License #8938810
(609) 670-4082
Source:
Patmckennarealtors
Added: Jul 1
Changed: Oct 27
Last Checked: Oct 26 at 9:40PM
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 RE/MAX ONE Realty-Moorestown
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential income property is a two-bedroom, 2 1/2-bath condominium built in 1980. The interior includes an open layout with hardwood flooring, neutral finishes, six-panel doors, and a living room centered on a marble fireplace. The kitchen features stainless steel appliances, a built-in microwave, electric range, and substantial cabinetry adjoining the dining area. A primary suite includes its own full bath, while the finished lower level adds a walk-in closet, hardwood floors, and a half bath.
Outdoor and practical features include a rooftop deck and a one-car garage with storage capacity. The property is within the Society Hill community, where residents have access to a swimming pool, tennis courts, and recreation center. A new air conditioner is scheduled for July 2026 and includes a 10-year warranty. Major highways, Philadelphia, shopping, dining, and everyday services are described as nearby.
Outdoor and practical features include a rooftop deck and a one-car garage with storage capacity. The property is within the Society Hill community, where residents have access to a swimming pool, tennis courts, and recreation center. A new air conditioner is scheduled for July 2026 and includes a 10-year warranty. Major highways, Philadelphia, shopping, dining, and everyday services are described as nearby.
Key Highlights
- Two‑bedroom, 2 1/2‑bath condominium built in 1980
- Rooftop deck plus one‑car garage
- Finished lower level with walk‑in closet, hardwood floors, and half bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,101
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$262,020
$262.0K
Cap Rate 7%
$187,157
$187.2K
Cap Rate 9%
$145,567
$145.6K
Market Conditions
NOI Build-Up for 1,290 SF
Gross rent
$25.2K $19.56/SF
− Vacancy
−$1.4K −$1.10/SF
EGI
$23.8K $18.46/SF
− OpEx
−$10.7K −$8.31/SF
NOI
$13.1K $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%
$262,020
Cap Rate 7%
$187,157
Cap Rate 9%
$145,567
Alternative Uses
Best Use
Apartment 5plus
$187.2K
$163.8K – $218.4K
NOI $13,101 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$327.1K
$286.2K – $381.6K
NOI $22,896 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
128
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium with a finished lower level, private primary bath, garage, and access to community recreation amenities.
Where is this residential income property located?
The property is located at 238 SOCIETY HILL BOULEVARD 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: Two‑bedroom, 2 1/2‑bath condominium built in 1980; Rooftop deck plus one‑car garage; Finished lower level with walk‑in closet, hardwood floors, and half bath
