Renovated Residential Income
New
For Sale
$320,000
4403 ABERDEEN DRIVE #B, Mount Laurel, NJ 08054
Two-level condominium with flexible loft space, updated appliances, and a private balcony.
Property Size1,340 SF
Price / SF$238.81
Days on Market7
Property Features for 4403 ABERDEEN DRIVE #B
General Information
Standard status
Active
Size
1,340 SF
Property subtype
Apartment
Additional Details
Multifamily Units
1
Building Details
Year Built
1990
Listing Agency:
Keller Williams Realty West Monmouth
(732) 536-9010
Listed By:
Matthew Merritt
(732) 942-5280
Source:
Cummingsrealtors
Added: Sep 14
Changed: Sep 19
Last Checked: Sep 20 at 9:14AM
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 West Monmouth
Investment Insights
Based on property information with market context.
This residential income property is a renovated condominium in Brittany Commons with 1,340 square feet arranged across two levels. The layout includes 2 bedrooms, 2.5 baths, a living room, formal dining area, kitchen with updated appliances, and a loft. Vaulted ceilings, skylights, laminate flooring, and a spiral staircase add distinctive interior character. The primary suite includes a private bathroom, while the loft can serve as office, living, or hobby space. A private balcony extends the usable area outdoors.
Built in 1990, the condominium is located at 4403 Aberdeen Drive #B in Mount Laurel, New Jersey. The property offers a defined residential configuration with multiple living areas and a flexible upper-level layout.
Built in 1990, the condominium is located at 4403 Aberdeen Drive #B in Mount Laurel, New Jersey. The property offers a defined residential configuration with multiple living areas and a flexible upper-level layout.
Key Highlights
- 1,340‑square‑foot condominium with a two‑level layout
- 2 bedrooms and 2.5 baths
- Renovated interior with updated kitchen appliances
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,551
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$351,020
$351.0K
Cap Rate 7%
$250,729
$250.7K
Cap Rate 9%
$195,011
$195.0K
Market Conditions
NOI Build-Up for 1,340 SF
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.
Gross rent
$33.8K $25.20/SF
− Vacancy
−$1.9K −$1.39/SF
EGI
$31.9K $23.81/SF
− OpEx
−$14.4K −$10.72/SF
NOI
$17.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$351,020
Cap Rate 7%
$250,729
Cap Rate 9%
$195,011
Alternative Uses
Best Use
Apartment 5plus
$250.7K
$219.4K – $292.5K
NOI $17,551 @ 7.0% cap · market cap 5.48%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.80M
$2.45M – $3.27M
NOI $196,181 @ 7.0% cap · market cap 61.31%
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
459
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-level condominium with flexible loft space, updated appliances, and a private balcony.
Where is this residential income property located?
The property is located at 4403 ABERDEEN DRIVE #B Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: 1,340‑square‑foot condominium with a two‑level layout; 2 bedrooms and 2.5 baths; Renovated interior with updated kitchen appliances
