End-Unit Residential Income
For Sale
$249,900
3 PINE STREET, Willingboro, NJ 08046
Ranch-style residence with an eat-in kitchen, fenced rear yard, and attached laundry hookups.
Property Size954 SF
Price / SF$261.95
Days on Market8
Property Features for 3 PINE STREET
General Information
Standard status
Active
Size
954 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Amenities
fenced yard
storage shed
granite countertops
washer/dryer hookups
Building Details
Year Built
1969
Construction
ranch
Listing Agency:
Property Management Services of Burlington County
(609) 410-9304
Listed By:
Linda M Gregorowicz · License #9231540
(609) 410-9304
Source:
Cummingsrealtors
Added: Aug 23
Changed: Aug 29
Last Checked: Aug 30 at 5:11PM
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 Property Management Services of Burlington County
Investment Insights
Based on property information with market context.
This 954-square-foot ranch-style end unit, built in 1969, offers two bedrooms and a practical residential layout. Interior improvements include neutral professional paint, plank flooring, and a kitchen equipped with granite countertops, abundant cabinetry, and space for dining. A dedicated laundry room includes washer and dryer hookups.
The property also includes a fenced rear yard and storage shed. It is located in Rittenhouse Park and is subject to an association fee. The address is 3 Pine Street in Willingboro, New Jersey.
The property also includes a fenced rear yard and storage shed. It is located in Rittenhouse Park and is subject to an association fee. The address is 3 Pine Street in Willingboro, New Jersey.
Key Highlights
- End‑unit ranch‑style residence in Rittenhouse Park
- 954 square feet with two bedrooms
- Kitchen includes granite countertops and extensive cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,495
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$249,900
$249.9K
Cap Rate 7%
$178,500
$178.5K
Cap Rate 9%
$138,833
$138.8K
Market Conditions
NOI Build-Up for 954 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$24.0K $25.20/SF
− Vacancy
−$1.3K −$1.39/SF
EGI
$22.7K $23.81/SF
− OpEx
−$10.2K −$10.72/SF
NOI
$12.5K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$249,900
Cap Rate 7%
$178,500
Cap Rate 9%
$138,833
Alternative Uses
Best Use
Apartment 5plus
$178.5K
$156.2K – $208.3K
NOI $12,495 @ 7.0% cap · market cap 5.00%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.00M
$1.75M – $2.33M
NOI $139,669 @ 7.0% cap · market cap 55.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
Explore this area
Business Placement
Demographics for 08046, NJ
31,846
Population
11,482
Households
2.8
Avg Household Size
43
Median Age
26%
College-Educated
93%
High-School Grad
7.6 sq mi
ZIP Area
4,190
Density / Sq Mi
$91,447
Median Household Income
$43,438
Median Earnings
$1,941
Median Rent
$240,000
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Ranch-style residence with an eat-in kitchen, fenced rear yard, and attached laundry hookups.
Where is this residential income property located?
The property is located at 3 PINE STREET Willingboro, NJ.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: End‑unit ranch‑style residence in Rittenhouse Park; 954 square feet with two bedrooms; Kitchen includes granite countertops and extensive cabinetry
