Residential Income Property with Condo
For Sale
$195,000
39 EAVES MILL ROAD, Medford, NJ 08055
First-floor one-bedroom, one-bath condo with new luxury vinyl flooring, fresh paint, and basement storage, plus community recreation amenities.
Property Size840 SF
Days on Market47
Property Features for 39 EAVES MILL ROAD
General Information
Standard status
Active
Size
840 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Amenities
pool
tennis courts
basketball court
basement storage
Building Details
Building Size
840 SF
Year Built
1970
Listing Agency:
Keller Williams Realty - Medford
(609) 685-8423
Listed By:
Genevieve A Haldeman · License #452552
(609) 685-8423
Source:
Patmckennarealtors
Added: Jun 19
Changed: Jul 30
Last Checked: Jul 31 at 11:27AM
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 Keller Williams Realty - Medford
Investment Insights
Based on property information with market context.
Welcome to easy living in Medford. This first-floor, one-bedroom, one-bath condo is set for low-maintenance enjoyment with an open-concept living, kitchen, and dining layout. The kitchen includes new luxury vinyl flooring, classic oak cabinetry, and storage for everyday cooking needs. The primary bedroom has new carpeting, and the home has been freshly painted throughout. Additional convenience comes from basement storage for seasonal items or extra belongings.
Beyond the unit, the community offers shared recreation options including a pool, tennis courts, and a basketball court. The property is located at 39 Eaves Mill Road, Medford, NJ 08055, close to shopping and dining.
Built in 1970, this condo is positioned for comfortable, community-based living with practical in-unit updates and amenities right outside your door.
Beyond the unit, the community offers shared recreation options including a pool, tennis courts, and a basketball court. The property is located at 39 Eaves Mill Road, Medford, NJ 08055, close to shopping and dining.
Built in 1970, this condo is positioned for comfortable, community-based living with practical in-unit updates and amenities right outside your door.
Key Highlights
- First‑floor one‑bedroom, one‑bath condo with open‑concept living, kitchen, and dining
- New luxury vinyl flooring in the kitchen and new carpeting in the primary bedroom
- Freshly painted throughout
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.2k | $25.20 |
| − Vacancy | −$1.2k | −$1.39 |
| EGI | $20.0k | $23.81 |
| − OpEx | −$9.0k | −$10.72 |
| NOI | $11.0k | $13.10 |
840 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$157.2K
$137.5K – $183.4K
NOI $11,002 @ 7.0% cap · market cap 5.64%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.76M
$1.54M – $2.05M
NOI $122,979 @ 7.0% cap · market cap 63.07%
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
790
Businesses Nearby
Explore this area
Business Placement
Demographics for 08055, NJ
28,806
Population
11,103
Households
2.6
Avg Household Size
45
Median Age
63%
College-Educated
98%
High-School Grad
40.0 sq mi
ZIP Area
720
Density / Sq Mi
$158,487
Median Household Income
$77,304
Median Earnings
$1,502
Median Rent
$456,000
Median Home Value
Market
Properties on Market for Residential income properties in Burlington County
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - First-floor one-bedroom, one-bath condo with new luxury vinyl flooring, fresh paint, and basement storage, plus community recreation amenities.
Where is this residential income property located?
The property is located at 39 EAVES MILL ROAD Medford, NJ.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: First‑floor one‑bedroom, one‑bath condo with open‑concept living, kitchen, and dining; New luxury vinyl flooring in the kitchen and new carpeting in the primary bedroom; Freshly painted throughout
