Updated Residential Income
For Sale
$275,000
3102 LIMESTONE WAY, Mount Laurel, NJ 08054
End-unit condominium with refreshed interiors, modern systems, fireplace, and private outdoor space.
Property Size1,092 SF
Days on Market84
Property Features for 3102 LIMESTONE WAY
General Information
Standard status
Active
Size
1,092 SF
Property subtype
Unit/Flat/Apartment
Taxes and HOA fees
Annual Taxes
$4,445
Building Details
Building Size
1,092 SF
Year Built
1990
Listing Agency:
Long & Foster Real Estate, Inc.
Listed By:
Nikunj N Shah · License #902041
(856) 495-6543
Source:
Patmckennarealtors
Added: Aug 5
Changed: Oct 26
Last Checked: Oct 27 at 12:23AM
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 Long & Foster Real Estate, Inc.
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Investment Insights
Based on property information with market context.
This end-unit condominium in the Laurel Creek community offers a two-bedroom, two-bath layout with updated finishes and practical storage. Interior features include wood flooring, fresh paint, a living room with a wood-burning fireplace, and an eat-in kitchen equipped with quartz countertops, cabinetry, and a pantry. The primary suite includes a walk-in closet, pull-down attic access, and an updated private bathroom. A second bedroom sits near the additional full bathroom and can accommodate guests, office use, or nursery space.
The residence also includes an in-unit washer and dryer, a private patio, and an exterior storage closet. A new HVAC system and water heater were installed in 2025. Built in 1990, the property is located in Mount Laurel near shopping, dining, parks, and major highways.
The residence also includes an in-unit washer and dryer, a private patio, and an exterior storage closet. A new HVAC system and water heater were installed in 2025. Built in 1990, the property is located in Mount Laurel near shopping, dining, parks, and major highways.
Key Highlights
- Two‑bedroom, two‑bath end‑unit condominium in the Laurel Creek community
- New HVAC system and water heater installed in 2025
- Updated eat‑in kitchen with quartz countertops, cabinetry, and pantry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,303
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,060
$286.1K
Cap Rate 7%
$204,329
$204.3K
Cap Rate 9%
$158,922
$158.9K
Market Conditions
NOI Build-Up for 1,092 SF
Gross rent
$27.5K $25.20/SF
− Vacancy
−$1.5K −$1.39/SF
EGI
$26.0K $23.81/SF
− OpEx
−$11.7K −$10.72/SF
NOI
$14.3K $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%
$286,060
Cap Rate 7%
$204,329
Cap Rate 9%
$158,922
Alternative Uses
Best Use
Apartment 5plus
$204.3K
$178.8K – $238.4K
NOI $14,303 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.28M
$2.00M – $2.66M
NOI $159,873 @ 7.0% cap · market cap 58.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
204
Businesses Nearby
Explore this area
Business Placement
Demographics for 08054, NJ
44,633
Population
19,966
Households
2.2
Avg Household Size
44
Median Age
56%
College-Educated
96%
High-School Grad
21.7 sq mi
ZIP Area
2,057
Density / Sq Mi
$114,629
Median Household Income
$67,986
Median Earnings
$1,966
Median Rent
$341,400
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - End-unit condominium with refreshed interiors, modern systems, fireplace, and private outdoor space.
Where is this residential income property located?
The property is located at 3102 LIMESTONE WAY Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bath end‑unit condominium in the Laurel Creek community; New HVAC system and water heater installed in 2025; Updated eat‑in kitchen with quartz countertops, cabinetry, and pantry
