Updated First-Floor Residential
42 BRIDGEWATER DRIVE, Marlton, NJ 08053
For Sale
$237,500
Updated condo with quartz kitchen finishes, open living areas, covered patio, and in-unit laundry.
Property Size788 SF
Days on Market51
Property Features for 42 BRIDGEWATER DRIVE
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Compass New Jersey, LLC - Haddon Township
Listed By:
Jennifer J Rothenberger · License #1752998
(856) 322-2964
Source:
Patmckennarealtors
Added: Sep 20
Changed: Oct 31
Last Checked: Nov 8 at 3:44PM
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 Compass New Jersey, LLC - Haddon Township
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Investment Insights
Based on property information with market context.
This first-floor condo at 42 Bridgewater Drive offers an updated interior with white shaker cabinetry, quartz countertops, and modern kitchen finishes. Luxury vinyl plank flooring extends through the living areas, while the open living and dining arrangement benefits from abundant natural light. The primary bedroom includes a walk-in closet, and an in-unit washer and dryer add everyday convenience. A private covered patio provides an outdoor extension of the residence.
The property is within the Kings Grant community and its Oak Hollow section. Community features include nearly 400 acres of private open space, wooded trails, lakes, ponds, a beach and swimming area, boating, fishing, a pool, tennis courts, a clubhouse, biking trails, and a community golf course. A shopping center is located within the community, while The Promenade at Sagemore is three miles away.
Rice Elementary is 0.25 miles from the property, with Marlton Middle School and Cherokee High School approximately 2 miles away. The condo was built in 1988.
The property is within the Kings Grant community and its Oak Hollow section. Community features include nearly 400 acres of private open space, wooded trails, lakes, ponds, a beach and swimming area, boating, fishing, a pool, tennis courts, a clubhouse, biking trails, and a community golf course. A shopping center is located within the community, while The Promenade at Sagemore is three miles away.
Rice Elementary is 0.25 miles from the property, with Marlton Middle School and Cherokee High School approximately 2 miles away. The condo was built in 1988.
Key Highlights
- First‑floor condo with updated kitchen finishes
- White shaker cabinets and quartz countertops
- Open living and dining area with abundant natural light
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,003
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$160,060
$160.1K
Cap Rate 7%
$114,329
$114.3K
Cap Rate 9%
$88,922
$88.9K
Market Conditions
NOI Build-Up for 788 SF
Gross rent
$15.4K $19.56/SF
− Vacancy
−$863 −$1.10/SF
EGI
$14.6K $18.46/SF
− OpEx
−$6.5K −$8.31/SF
NOI
$8.0K $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%
$160,060
Cap Rate 7%
$114,329
Cap Rate 9%
$88,922
Alternative Uses
Best Use
Apartment 5plus
$114.3K
$100.0K – $133.4K
NOI $8,003 @ 7.0% cap · market cap 3.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$199.8K
$174.8K – $233.1K
NOI $13,986 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
82
Businesses Nearby
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Demographics for 08053, NJ
46,826
Population
20,090
Households
2.3
Avg Household Size
43
Median Age
53%
College-Educated
98%
High-School Grad
29.2 sq mi
ZIP Area
1,604
Density / Sq Mi
$116,745
Median Household Income
$67,439
Median Earnings
$1,939
Median Rent
$368,100
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Camden County, NJ
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Frequently Asked Questions
What type of property is this?
Residential income property - Updated condo with quartz kitchen finishes, open living areas, covered patio, and in-unit laundry.
Where is this residential income property located?
The property is located at 42 BRIDGEWATER DRIVE Marlton, NJ.
What is the asking price?
The asking price for this property is $237,500.
What are key features of this property?
This property features: First‑floor condo with updated kitchen finishes; White shaker cabinets and quartz countertops; Open living and dining area with abundant natural light
