Upper-Level Residential Income
New
For Sale
$225,000
279 TAVISTOCK, Cherry Hill, NJ 08034
An open upper-floor plan includes a loft, two balconies, and a wood-burning fireplace.
Property Size1,101 SF
Days on Market6
Property Features for 279 TAVISTOCK
General Information
Standard status
Active
Size
1,101 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA with loft
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$6,082
Amenities
wood-burning fireplace
spiral staircase
loft area
private balcony
storage room
washer and dryer
pool
tennis courts
Building Details
Building Size
1,101 SF
Year Built
1987
Listing Agency:
Keller Williams - Main Street
Listed By:
Jonathan M Cohen · License #1328658
(856) 669-1424
Source:
Patmckennarealtors
Added: Oct 14
Changed: Oct 19
Last Checked: Oct 19 at 2:02PM
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 - Main Street
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Investment Insights
Based on property information with market context.
Built in 1987, this upper-level residence offers two bedrooms and two full bathrooms in an open layout. A spiral staircase connects the living area to a loft with its own balcony. French doors open to another balcony with a storage room, while the living room features a wood-burning fireplace. The primary bedroom has an en-suite bathroom and walk-in closet, and a washer and dryer are included.
Community amenities include a pool and tennis courts. The property has access to the NJ Turnpike and I-295, with restaurants and shopping nearby.
Community amenities include a pool and tennis courts. The property has access to the NJ Turnpike and I-295, with restaurants and shopping nearby.
Key Highlights
- Two bedrooms and two full bathrooms in an upper‑level residence
- Loft accessed by a spiral staircase, with a private balcony
- Living room has a wood‑burning fireplace and French doors to a second balcony
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,931
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,620
$338.6K
Cap Rate 7%
$241,871
$241.9K
Cap Rate 9%
$188,122
$188.1K
Market Conditions
NOI Build-Up for 1,101 SF
Gross rent
$33.0K $30.00/SF
− Vacancy
−$2.2K −$2.04/SF
EGI
$30.8K $27.96/SF
− OpEx
−$13.9K −$12.58/SF
NOI
$16.9K $15.38/SF
Area
Bergen County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,620
Cap Rate 7%
$241,871
Cap Rate 9%
$188,122
Alternative Uses
Best Use
Apartment 5plus
$241.9K
$211.6K – $282.2K
NOI $16,931 @ 7.0% cap · market cap 7.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$287.5K
$251.6K – $335.4K
NOI $20,125 @ 7.0% cap · market cap 8.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,277
Businesses Nearby
Explore this area
Business Placement
Demographics for 08034, NJ
19,256
Population
8,108
Households
2.4
Avg Household Size
42
Median Age
53%
College-Educated
94%
High-School Grad
5.9 sq mi
ZIP Area
3,264
Density / Sq Mi
$111,244
Median Household Income
$56,792
Median Earnings
$1,707
Median Rent
$335,700
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - An open upper-floor plan includes a loft, two balconies, and a wood-burning fireplace.
Where is this residential income property located?
The property is located at 279 TAVISTOCK Cherry Hill, NJ.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms in an upper‑level residence; Loft accessed by a spiral staircase, with a private balcony; Living room has a wood‑burning fireplace and French doors to a second balcony
