First-Floor Residential Income
For Sale
$299,000
303 DAWSON STREET Unit 101, Moorestown, NJ 08057
An updated end unit combines main-level laundry, separate storage, and two assigned parking spaces.
Property Size1,008 SF
Price / SF$296.63
Days on Market27
Property Features for 303 DAWSON STREET Unit 101
General Information
Standard status
Active
Size
1,008 SF
Total Parking Spaces
2
Property subtype
Penthouse Unit/Flat/Apartment
Financials
Asking Price
$299,000
HOA Fee
$320
Units
Multifamily Units
1
Parking per Unit
2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,514
Building Details
Building Size
1,008 SF
Year Built
1979
Listing Agency:
EXP Realty, LLC
Listed By:
Theresa Christine Sorrentino · License #2187763
(609) 304-4667
Source:
Desantis-realestate
Added: Oct 2
Changed: Oct 27
Last Checked: Oct 27 at 3:13AM
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 EXP Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,008-square-foot first-floor end unit was built in 1979 and has two bedrooms and one full bathroom. The living room includes a wood-burning fireplace, while the kitchen has a dining area, tile flooring, butcher block countertops, and new appliances. New flooring, carpeting, windows, and blinds are among the updates, along with a replacement electrical panel and thermostat. Laundry is on the main floor, and separate storage is provided.
The property is in Moorestown, a couple of blocks from Historic Main Street and its restaurants, shops, and cafes. Baker Elementary School, the Moorestown Library, and neighborhood parks are nearby. Routes 38, 73, and 130, I-295, and the New Jersey Turnpike provide regional road access. Two designated parking spaces are located in front of the unit, and Pompeston Creek borders the setting behind it.
Condominium association services include exterior and lawn maintenance, sewer, snow removal, trash, and water.
The property is in Moorestown, a couple of blocks from Historic Main Street and its restaurants, shops, and cafes. Baker Elementary School, the Moorestown Library, and neighborhood parks are nearby. Routes 38, 73, and 130, I-295, and the New Jersey Turnpike provide regional road access. Two designated parking spaces are located in front of the unit, and Pompeston Creek borders the setting behind it.
Condominium association services include exterior and lawn maintenance, sewer, snow removal, trash, and water.
Key Highlights
- 1,008‑square‑foot first‑floor end unit
- Two bedrooms and one full bathroom
- Living room with a wood‑burning fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,202
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,040
$264.0K
Cap Rate 7%
$188,600
$188.6K
Cap Rate 9%
$146,689
$146.7K
Market Conditions
NOI Build-Up for 1,008 SF
Gross rent
$25.4K $25.20/SF
− Vacancy
−$1.4K −$1.39/SF
EGI
$24.0K $23.81/SF
− OpEx
−$10.8K −$10.72/SF
NOI
$13.2K $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%
$264,040
Cap Rate 7%
$188,600
Cap Rate 9%
$146,689
Alternative Uses
Best Use
Apartment 5plus
$188.6K
$165.0K – $220.0K
NOI $13,202 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.11M
$1.84M – $2.46M
NOI $147,575 @ 7.0% cap · market cap 49.36%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,109
Businesses Nearby
Explore this area
Business Placement
Demographics for 08057, NJ
21,691
Population
8,382
Households
2.6
Avg Household Size
44
Median Age
67%
College-Educated
96%
High-School Grad
15.3 sq mi
ZIP Area
1,418
Density / Sq Mi
$152,290
Median Household Income
$72,500
Median Earnings
$1,485
Median Rent
$626,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Residential income property - An updated end unit combines main-level laundry, separate storage, and two assigned parking spaces.
Where is this residential income property located?
The property is located at 303 DAWSON STREET Unit 101 Moorestown, NJ.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1,008‑square‑foot first‑floor end unit; Two bedrooms and one full bathroom; Living room with a wood‑burning fireplace
