Two-Bedroom Residential Income
401 E ATLANTIC AVENUE Unit 208, Haddon Heights, NJ 08035
For Sale
New
$430,000
The residence combines two full baths, a private balcony, assigned parking, and access to shared community amenities.
Property Size1,224 SF
Days on Market4
Property Features for 401 E ATLANTIC AVENUE Unit 208
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Highway Access
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
community gathering room
fitness center
hobby and game room
lounge
covered verandas
secure building
private balcony
Building Details
Building Size
Year Built
Listing Agency:
Ovation Realty LLC
Listed By:
Thomas Sadler · License #787778
(609) 617-0620
Source:
Patmckennarealtors
Added: Nov 6
Changed: Nov 8
Last Checked: Nov 8 at 6:17PM
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 Ovation Realty LLC
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Investment Insights
Based on property information with market context.
Built in 2013, this two-bedroom residence has two full bathrooms, hardwood floors, crown molding, and custom built-ins. The kitchen includes 42-inch cabinets, granite counters, a breakfast bar, pantry, and appliances, including a washer and dryer. The primary bedroom has a walk-in closet and en suite bath with a walk-in shower; the second bath has a tub and shower. A private balcony and assigned parking space #7 are also included.
The secure building is part of Kings Run at Haddon Heights, with a community gathering room, fitness center, hobby and game room, lounge, and covered verandas. Although the community is recognized as active adult, this residence is available to buyers 18 and older. The property is just off the White Horse Pike, with access to Routes 295 and 676 and downtown Haddon Heights.
The secure building is part of Kings Run at Haddon Heights, with a community gathering room, fitness center, hobby and game room, lounge, and covered verandas. Although the community is recognized as active adult, this residence is available to buyers 18 and older. The property is just off the White Horse Pike, with access to Routes 295 and 676 and downtown Haddon Heights.
Key Highlights
- Two bedrooms and two full bathrooms
- Built in 2013; private balcony and assigned parking space #7
- Kitchen with 42‑inch cabinetry, granite countertops, breakfast bar, and pantry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,430
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$248,600
$248.6K
Cap Rate 7%
$177,571
$177.6K
Cap Rate 9%
$138,111
$138.1K
Market Conditions
NOI Build-Up for 1,224 SF
Gross rent
$23.9K $19.56/SF
− Vacancy
−$1.3K −$1.10/SF
EGI
$22.6K $18.46/SF
− OpEx
−$10.2K −$8.31/SF
NOI
$12.4K $10.16/SF
Area
Camden County, NJ
Vacancy
5.60%
Lease Rate
$19.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$248,600
Cap Rate 7%
$177,571
Cap Rate 9%
$138,111
Alternative Uses
Best Use
Apartment 5plus
$177.6K
$155.4K – $207.2K
NOI $12,430 @ 7.0% cap · market cap 2.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$310.4K
$271.6K – $362.1K
NOI $21,725 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,006
Businesses Nearby
Explore this area
Business Placement
Demographics for 08035, NJ
7,556
Population
3,326
Households
2.3
Avg Household Size
43
Median Age
55%
College-Educated
96%
High-School Grad
1.6 sq mi
ZIP Area
4,723
Density / Sq Mi
$124,592
Median Household Income
$68,750
Median Earnings
$1,179
Median Rent
$353,700
Median Home Value
Market
Average Price Trend$/SF for Residential income properties in Camden County, NJ
Properties on Market for Residential income properties in Camden County
Frequently Asked Questions
What type of property is this?
Residential income property - The residence combines two full baths, a private balcony, assigned parking, and access to shared community amenities.
Where is this residential income property located?
The property is located at 401 E ATLANTIC AVENUE Unit 208 Haddon Heights, NJ.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms; Built in 2013; private balcony and assigned parking space #7; Kitchen with 42‑inch cabinetry, granite countertops, breakfast bar, and pantry
