Residential Income Property with Private
For Sale
$215,000
47 CHELMSFORD, Marlton, NJ 08053
Open-concept living areas connect the kitchen and dining space, with in-unit laundry and access to extensive community amenities.
Property Size788 SF
Days on Market54
Property Features for 47 CHELMSFORD
General Information
Standard status
Active
Size
788 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$4,640
Amenities
walking trails
lakes
beaches
community pool
clubhouse
tennis courts
Building Details
Building Size
788 SF
Year Built
1989
Listing Agency:
Keller Williams Realty West Monmouth
(732) 942-5280
Listed By:
Matthew Merritt · License #674720
(732) 942-5280
Source:
Patmckennarealtors
Added: Jul 1
Changed: Aug 19
Last Checked: Aug 22 at 10:26AM
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 one-bedroom, one-bath condominium at 47 Chelmsford, Unit 268, offers an open arrangement combining the living, dining, and kitchen areas. The residence also includes in-unit laundry, a private patio, and a bedroom designed for everyday comfort. Built in 1989, the property provides a low-maintenance residential configuration within the Kings Grant community.
Community amenities include walking trails, lakes, beaches, a swimming pool, clubhouse, and tennis courts. The property is near shopping, restaurants, and major highways, with access to Philadelphia and the Jersey Shore. The combination of private outdoor space, functional interior layout, and shared recreational amenities defines the offering.
Community amenities include walking trails, lakes, beaches, a swimming pool, clubhouse, and tennis courts. The property is near shopping, restaurants, and major highways, with access to Philadelphia and the Jersey Shore. The combination of private outdoor space, functional interior layout, and shared recreational amenities defines the offering.
Key Highlights
- One‑bedroom, one‑bath condominium at 47 Chelmsford, Unit 268
- Private patio for outdoor use
- Open‑concept living, dining, and kitchen arrangement
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
$8,003
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
3.72%
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%
$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
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
$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 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%
$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 3.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$199.8K
$174.8K – $233.1K
NOI $13,986 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
82
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Open-concept living areas connect the kitchen and dining space, with in-unit laundry and access to extensive community amenities.
Where is this residential income property located?
The property is located at 47 CHELMSFORD Marlton, NJ.
What is the asking price?
The asking price for this property is $215,000.
What are key features of this property?
This property features: One‑bedroom, one‑bath condominium at 47 Chelmsford, Unit 268; Private patio for outdoor use; Open‑concept living, dining, and kitchen arrangement
