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Hillcrest Apartments 14-Unit Apartment Complex
For Sale
Contact for pricing
Pending

300 Hill Ave, Runnemede, NJ 08078

Two adjacent buildings offer one- and two-bedroom rentals with tenant-paid electric and heat.

Property SizeContact for details
Days on Market142

Property Features for 300 Hill Ave

General Information

Standard status Pending
Property subtype Multifamily

Site & Location

Highway Access Yes
Road Access Yes
Utilities to Site Yes

Units

Unit Mix 1 x 1BR, 13 x 2BR
Multifamily Units 14

Building Details

Buildings 2
Listing Agency: Marcus & Millichap - Philadelphia
Listed By: Dan Bernard · License #PA RS331381
Source: Crexi
Added: Apr 12 Changed: Aug 29 Last Checked: Aug 29 at 10:27PM

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 Marcus & Millichap - Philadelphia

Investment Insights

Based on property information with market context.

Hillcrest Apartments consists of two adjacent residential buildings containing 14 apartments. The unit mix includes 1 one-bedroom unit and 13 two-bedroom units. Ownership has operated the property for the past nine years, with common-area electric and gas, water, and sewer paid by the owner. Tenants handle their own electric and heat expenses.

The property is located at 300 Hill Ave in Runnemede, New Jersey, near the town’s main road and surrounding restaurants, stores, and the Cooper Towne Center. The NJ Turnpike and Route 42 are both located close to the complex, providing connections to major regional routes.

Key Highlights

  • 14‑unit apartment complex across two adjacent buildings
  • Unit mix includes 1 one‑bedroom unit and 13 two‑bedroom units
  • Owner‑paid common‑area electric and gas, water, and sewer

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage Daycare Center (Bike/Boat/Book/etc) Store

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

14
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

694
Businesses Nearby

Demographics for 08078, NJ

8,074
Population
3,338
Households
2.4
Avg Household Size
39
Median Age
25%
College-Educated
94%
High-School Grad
1.9 sq mi
ZIP Area
4,249
Density / Sq Mi
$97,857
Median Household Income
$47,516
Median Earnings
$1,375
Median Rent
$215,400
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two adjacent buildings offer one- and two-bedroom rentals with tenant-paid electric and heat.
Where is this apartment building located?
The property is located at 300 Hill Ave Runnemede, NJ.
What are key features of this property?
This property features: 14‑unit apartment complex across two adjacent buildings; Unit mix includes 1 one‑bedroom unit and 13 two‑bedroom units; Owner‑paid common‑area electric and gas, water, and sewer
(215) 531-7021 Call to check price and availability
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