Building Details

Year Built 1969

Construction ranch

Listing Agency: Property Management Services of Burlington County Show Phone

Listed By: Linda M Gregorowicz · License #9231540 Show Phone

Source: Cummingsrealtors

Added: Aug 24 Changed: Oct 16 Last Checked: Oct 16 at 8:57AM

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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

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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.

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 / Yr

$12,495

Cap Rate

5.00%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$249,900 $249.9K

Cap Rate 7%

$178,500 $178.5K

Cap Rate 9%

$138,833 $138.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 954 SF

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 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 (±1% cap)

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 (±1% cap)

NOI $139,669 @ 7.0% cap · market cap 55.89%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Residential income properties

Suggested Use

Top Pick Real Estate Agency Law Firm Dental Office HVAC Service Electrical Service Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

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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