Residential Income Property with Private
For Sale
$215,000
47 CHELMSFORD Unit 268, 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 Market36
Property Features for 47 CHELMSFORD Unit 268
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 4
Last Checked: Aug 5 at 4:56AM
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 For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $15.4k | $19.56 |
| − Vacancy | −$863 | −$1.10 |
| EGI | $14.6k | $18.46 |
| − OpEx | −$6.5k | −$8.31 |
| NOI | $8.0k | $10.16 |
788 SF · lease $19.56/SF/yr · vacancy 5.60% · expense 45.00%
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
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 Unit 268 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
