Residential Income Property with
For Sale
$259,999
Pending
406 DEGAS COURT, Williamstown, NJ 08094
An open-plan living area connects the kitchen and family room, with two bedrooms and two full bathrooms.
Property Size1,292 SF
Days on Market21
Property Features for 406 DEGAS COURT
General Information
Standard status
Pending
Size
1,292 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Amenities
private balcony
soaking tub
walk-in shower
walk-in closets
Building Details
Building Size
1,292 SF
Year Built
2008
Listing Agency:
EXP Realty, LLC
Listed By:
Dante Casella · License #2294098
(866) 201-6210
Source:
Vwolpert.kw
Added: Sep 16
Changed: Oct 5
Last Checked: Oct 5 at 3:31PM
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
Investment Insights
Based on property information with market context.
Built in 2008, this residence has an open layout joining the kitchen and family room. A private balcony extends the living space outdoors. The primary bedroom includes two walk-in closets and an en suite bathroom with a soaking tub and separate walk-in shower. A second bedroom sits near the full hall bathroom.
Key Highlights
- Two bedrooms and two full bathrooms
- Private balcony
- Primary bedroom with two walk‑in closets and an en suite bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,101
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,020
$302.0K
Cap Rate 7%
$215,729
$215.7K
Cap Rate 9%
$167,789
$167.8K
Market Conditions
NOI Build-Up for 1,292 SF
Gross rent
$29.1K $22.56/SF
− Vacancy
−$1.7K −$1.31/SF
EGI
$27.5K $21.25/SF
− OpEx
−$12.4K −$9.56/SF
NOI
$15.1K $11.69/SF
Area
Gloucester County, NJ
Vacancy
5.80%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$302,020
Cap Rate 7%
$215,729
Cap Rate 9%
$167,789
Alternative Uses
Best Use
Apartment 5plus
$215.7K
$188.8K – $251.7K
NOI $15,101 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$434.3K
$380.0K – $506.7K
NOI $30,400 @ 7.0% cap · market cap 11.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
Explore this area
Business Placement
Demographics for 08094, NJ
40,774
Population
15,878
Households
2.6
Avg Household Size
41
Median Age
28%
College-Educated
94%
High-School Grad
54.8 sq mi
ZIP Area
744
Density / Sq Mi
$92,125
Median Household Income
$52,681
Median Earnings
$1,420
Median Rent
$260,200
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - An open-plan living area connects the kitchen and family room, with two bedrooms and two full bathrooms.
Where is this residential income property located?
The property is located at 406 DEGAS COURT Williamstown, NJ.
What is the asking price?
The asking price for this property is $259,999.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms; Private balcony; Primary bedroom with two walk‑in closets and an en suite bath
