2-Bedroom Condo with
For Sale
$234,900
Pending
268 STEEPLECHASE COURT, Woodbury, NJ 08096
Tenant occupancy continues through June 2026, followed by a month-to-month arrangement.
Property Size1,434 SF
Days on Market287
Property Features for 268 STEEPLECHASE COURT
General Information
Standard status
Pending
Size
1,434 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$5,280
Amenities
private balcony
in-unit laundry
wood-burning fireplace
Building Details
Building Size
1,434 SF
Year Built
1989
Tenancy
Single
Listing Agency:
Houwzer LLC-Haddonfield
Listed By:
Patricia M Gesswein · License #068287
(732) 620-0435
Source:
Patmckennarealtors
Added: Jan 14
Changed: Oct 25
Last Checked: Oct 27 at 2:09AM
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 Houwzer LLC-Haddonfield
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Investment Insights
Based on property information with market context.
Built in 1989, this second-floor condominium at 268 Steeplechase Court offers two bedrooms, two full baths, vaulted ceilings, and a loft with a wood-burning fireplace. The loft provides additional interior space, while the main living area opens to a private balcony. The unit also includes in-unit laundry, ample storage, a primary bedroom walk-in closet, and a second bedroom with access to the hall bath.
The property is located in the Steeplechase community within the Deptford Township School District. Community amenities include maintained grounds and a private resident pool. Shopping, restaurants, the Deptford Mall, and major highways are minutes away. The condominium is tenant occupied through JUNE 2026 and transitions to month-to-month tenancy thereafter.
The property is located in the Steeplechase community within the Deptford Township School District. Community amenities include maintained grounds and a private resident pool. Shopping, restaurants, the Deptford Mall, and major highways are minutes away. The condominium is tenant occupied through JUNE 2026 and transitions to month-to-month tenancy thereafter.
Key Highlights
- Two‑bedroom, two‑bath condominium in a second‑floor setting
- Loft with a wood‑burning fireplace and flexible additional living space
- Private balcony, vaulted ceilings, and abundant natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,761
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,220
$335.2K
Cap Rate 7%
$239,443
$239.4K
Cap Rate 9%
$186,233
$186.2K
Market Conditions
NOI Build-Up for 1,434 SF
Gross rent
$32.4K $22.56/SF
− Vacancy
−$1.9K −$1.31/SF
EGI
$30.5K $21.25/SF
− OpEx
−$13.7K −$9.56/SF
NOI
$16.8K $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%
$335,220
Cap Rate 7%
$239,443
Cap Rate 9%
$186,233
Alternative Uses
Best Use
Apartment 5plus
$239.4K
$209.5K – $279.4K
NOI $16,761 @ 7.0% cap · market cap 7.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$482.0K
$421.8K – $562.4K
NOI $33,742 @ 7.0% cap · market cap 14.36%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
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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 - Tenant occupancy continues through June 2026, followed by a month-to-month arrangement.
Where is this residential income property located?
The property is located at 268 STEEPLECHASE COURT Woodbury, NJ.
What is the asking price?
The asking price for this property is $234,900.
What are key features of this property?
This property features: Two‑bedroom, two‑bath condominium in a second‑floor setting; Loft with a wood‑burning fireplace and flexible additional living space; Private balcony, vaulted ceilings, and abundant natural light
