Six-Unit Apartment
For Sale
$795,000
443 LANDING ST, Lumberton, NJ 08048
Unit mix includes studios, one-bedroom, and two-bedroom apartments with Rancocas Creek views.
Property Size4,363 SF
Price / SF$182.21
Days on Market56
Property Features for 443 LANDING ST
General Information
Standard status
Active
Size
4,363 SF
Property subtype
Multi-family
Units
Unit Mix
2 x 2BR, 2 x 1BR, 2 x studio
Multifamily Units
6
Listing Agency:
Keller Williams Realty - Moorestown
(856) 316-1100
Listed By:
Samuel N Lepore · License #791411
(856) 297-6827
Source:
Lakehomesbyliz
Added: Aug 20
Changed: Sep 23
Last Checked: Oct 12 at 7:37PM
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 - Moorestown
Investment Insights
Based on property information with market context.
This apartment building contains six units in a varied configuration: two two-bedroom apartments, two one-bedroom apartments, and two studio apartments. The property is situated on a scenic lot with views across the Rancocas Creek.
Located at 443 Landing St in Lumberton, New Jersey, the property combines a creekside setting with access to area amenities. The six-unit layout provides a mix of apartment sizes within one multifamily asset.
Located at 443 Landing St in Lumberton, New Jersey, the property combines a creekside setting with access to area amenities. The six-unit layout provides a mix of apartment sizes within one multifamily asset.
Key Highlights
- Six total apartment units
- Unit mix includes two 2‑bedroom, two 1‑bedroom, and two studio apartments
- Views overlooking the Rancocas Creek
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,145
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,142,900
$1.1M
Cap Rate 7%
$816,357
$816.4K
Cap Rate 9%
$634,944
$634.9K
Market Conditions
NOI Build-Up for 4,363 SF
Gross rent
$109.9K $25.20/SF
− Vacancy
−$6.0K −$1.39/SF
EGI
$103.9K $23.81/SF
− OpEx
−$46.8K −$10.72/SF
NOI
$57.1K $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 Rate 5%
$1,142,900
Cap Rate 7%
$816,357
Cap Rate 9%
$634,944
Alternative Uses
Best Use
Apartment 5plus
$816.4K
$714.3K – $952.4K
NOI $57,145 @ 7.0% cap · market cap 7.19%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$9.13M
$7.98M – $10.65M
NOI $638,759 @ 7.0% cap · market cap 80.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
104
Businesses Nearby
Explore this area
Business Placement
Demographics for 08048, NJ
12,782
Population
5,024
Households
2.5
Avg Household Size
41
Median Age
42%
College-Educated
94%
High-School Grad
12.1 sq mi
ZIP Area
1,056
Density / Sq Mi
$111,739
Median Household Income
$58,097
Median Earnings
$1,667
Median Rent
$414,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Unit mix includes studios, one-bedroom, and two-bedroom apartments with Rancocas Creek views.
Where is this apartment building located?
The property is located at 443 LANDING ST Lumberton, NJ.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Six total apartment units; Unit mix includes two 2‑bedroom, two 1‑bedroom, and two studio apartments; Views overlooking the Rancocas Creek
