Two-Bedroom Condominium with
New
For Sale
$274,900
5 INVERNESS CIRCLE, Marlton, NJ 08053
A second-floor residence in Kings Grant includes in-unit laundry and private outdoor space.
Property Size1,028 SF
Days on Market6
Property Features for 5 INVERNESS CIRCLE
General Information
Standard status
Active
Size
1,028 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,746
Amenities
in-unit laundry
private balcony
Building Details
Building Size
1,028 SF
Year Built
1991
Listing Agency:
Keller Williams Realty - Marlton
Listed By:
Lauren Gormley · License #2191303
(856) 904-7900
Source:
Patmckennarealtors
Added: Oct 22
Changed: Oct 27
Last Checked: Oct 26 at 2:53PM
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 - Marlton
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Investment Insights
Based on property information with market context.
Built in 1991, this second-floor condominium in Marlton has two bedrooms and two full bathrooms. The living and dining area connects to a private balcony, and the unit also includes in-unit laundry. Updated appliances, new cabinetry, and granite countertops are among the interior features.
The primary bedroom has a walk-in closet, additional custom storage, and a private full bathroom. A second bedroom and a full hall bathroom complete the layout. The property is in the Inverness Greene community of Kings Grant.
The primary bedroom has a walk-in closet, additional custom storage, and a private full bathroom. A second bedroom and a full hall bathroom complete the layout. The property is in the Inverness Greene community of Kings Grant.
Key Highlights
- Two bedrooms and two full bathrooms
- Second‑floor unit with a private balcony
- In‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,440
Cap Rate
3.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$208,800
$208.8K
Cap Rate 7%
$149,143
$149.1K
Cap Rate 9%
$116,000
$116.0K
Market Conditions
NOI Build-Up for 1,028 SF
Gross rent
$20.1K $19.56/SF
− Vacancy
−$1.1K −$1.10/SF
EGI
$19.0K $18.46/SF
− OpEx
−$8.5K −$8.31/SF
NOI
$10.4K $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 Rate 5%
$208,800
Cap Rate 7%
$149,143
Cap Rate 9%
$116,000
Alternative Uses
Best Use
Apartment 5plus
$149.1K
$130.5K – $174.0K
NOI $10,440 @ 7.0% cap · market cap 3.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$260.7K
$228.1K – $304.1K
NOI $18,246 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
1
Residential units
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
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Frequently Asked Questions
What type of property is this?
Residential income property - A second-floor residence in Kings Grant includes in-unit laundry and private outdoor space.
Where is this residential income property located?
The property is located at 5 INVERNESS CIRCLE Marlton, NJ.
What is the asking price?
The asking price for this property is $274,900.
What are key features of this property?
This property features: Two bedrooms and two full bathrooms; Second‑floor unit with a private balcony; In‑unit laundry
