Updated First-Floor Income
For Sale
$269,900
Pending
259 KIPS COURT, Marlton, NJ 08053
Two-bedroom condominium with refreshed interiors, in-unit laundry, central air, and two unassigned parking spaces.
Property Size1,115 SF
Days on Market67
Property Features for 259 KIPS COURT
General Information
Standard status
Pending
Size
1,115 SF
Total Parking Spaces
2
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1.5BA
Multifamily Units
1
Additional Details
HOA Fee
$270
Taxes and HOA fees
Annual Taxes
$4,241
Amenities
community pool
in-unit washer/dryer
central air conditioning
forced hot air
Building Details
Building Size
1,115 SF
Year Built
1974
Listing Agency:
RE/MAX Central - Manalapan
Listed By:
George Pavlushkin · License #1324942
(732) 984-8300
Source:
Patmckennarealtors
Added: Aug 21
Changed: Oct 25
Last Checked: Oct 25 at 1:28AM
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 Central - Manalapan
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Investment Insights
Based on property information with market context.
This first-floor residential income property in Society Hill North features two bedrooms and one and a half baths. Interior improvements include vinyl flooring, fresh paint, quartz kitchen countertops, stainless steel appliances, and an oversized pantry. The primary bedroom has two closets, while the second bedroom can function as a den or home office. An updated full bath and hallway half bath serve the unit.
The condominium includes an in-unit washer and dryer, central air conditioning, and forced hot air. Two unassigned parking spaces are included. Community amenities include a pool, and pet occupancy is subject to HOA rules. The property was built in 1974 and is located at 259 Kips Court in Marlton, New Jersey.
The condominium includes an in-unit washer and dryer, central air conditioning, and forced hot air. Two unassigned parking spaces are included. Community amenities include a pool, and pet occupancy is subject to HOA rules. The property was built in 1974 and is located at 259 Kips Court in Marlton, New Jersey.
Key Highlights
- First‑floor condominium with 2 bedrooms and 1.5 baths
- Updated kitchen with quartz countertops, stainless steel appliances, and oversized pantry
- Primary bedroom includes two closets and an updated full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,323
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
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
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 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 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$282.7K
$247.4K – $329.8K
NOI $19,790 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
82
Businesses Nearby
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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
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium with refreshed interiors, in-unit laundry, central air, and two unassigned parking spaces.
Where is this residential income property located?
The property is located at 259 KIPS COURT Marlton, NJ.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: First‑floor condominium with 2 bedrooms and 1.5 baths; Updated kitchen with quartz countertops, stainless steel appliances, and oversized pantry; Primary bedroom includes two closets and an updated full bath
