Listing Agency: Keller Williams Realty - Moorestown Show Phone

Listed By: Samuel N Lepore · License #791411 Show Phone

Source: Lakehomesbyliz

Added: Aug 20 Changed: Oct 25 Last Checked: Nov 6 at 8:33AM

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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.

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

Is this asking price fair?

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 (±1% cap)

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 (±1% cap)

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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Open Analytics

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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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