Updated Residential Income
For Sale
$245,000
515 CASCADE COURT, Sewell, NJ 08080
First-floor condominium with two bedrooms, two full baths, and one-level living.
Property Size1,022 SF
Days on Market115
Property Features for 515 CASCADE COURT
General Information
Standard status
Active
Size
1,022 SF
Property subtype
Apartment
Building Details
Building Size
1,022 SF
Year Built
1988
Listing Agency:
Weichert Realtors-Turnersville
Listed By:
Lauren Koslosky
(856) 227-1950
Source:
Patciervo.kw
Added: Jun 26
Changed: Oct 1
Last Checked: Oct 16 at 5:46AM
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 Weichert Realtors-Turnersville
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Investment Insights
Based on property information with market context.
This first-floor condominium in the Peachtree community offers two bedrooms and two full bathrooms within a single-level layout. Interior improvements include custom oak flooring and trim, plus a remodeled kitchen with granite counters, contemporary cabinetry, and ample work surfaces. The living room includes a fireplace finished with a custom marble hearth, while the hall bathroom has also been updated.
The HVAC system was replaced in 2008. The fireplace has undergone a recent inspection, and the ventilation system has been professionally cleaned. The property is near shopping, dining, major highways, and Rowan University, providing access to several area conveniences while retaining a low-maintenance condominium format.
The HVAC system was replaced in 2008. The fireplace has undergone a recent inspection, and the ventilation system has been professionally cleaned. The property is near shopping, dining, major highways, and Rowan University, providing access to several area conveniences while retaining a low-maintenance condominium format.
Key Highlights
- First‑floor condo with 2 bedrooms and 2 full bathrooms
- Custom oak flooring and trim throughout the interior
- Updated kitchen with granite countertops and modern cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,945
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$238,900
$238.9K
Cap Rate 7%
$170,643
$170.6K
Cap Rate 9%
$132,722
$132.7K
Market Conditions
NOI Build-Up for 1,022 SF
Gross rent
$23.1K $22.56/SF
− Vacancy
−$1.3K −$1.31/SF
EGI
$21.7K $21.25/SF
− OpEx
−$9.8K −$9.56/SF
NOI
$11.9K $11.69/SF
Area
Gloucester County, NJ
Vacancy
5.80%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$238,900
Cap Rate 7%
$170,643
Cap Rate 9%
$132,722
Alternative Uses
Best Use
Apartment 5plus
$170.6K
$149.3K – $199.1K
NOI $11,945 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$343.5K
$300.6K – $400.8K
NOI $24,047 @ 7.0% cap · market cap 9.82%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
84
Businesses Nearby
Explore this area
Business Placement
Demographics for 08080, NJ
37,942
Population
14,746
Households
2.6
Avg Household Size
43
Median Age
44%
College-Educated
96%
High-School Grad
29.2 sq mi
ZIP Area
1,299
Density / Sq Mi
$119,919
Median Household Income
$61,474
Median Earnings
$1,674
Median Rent
$330,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - First-floor condominium with two bedrooms, two full baths, and one-level living.
Where is this residential income property located?
The property is located at 515 CASCADE COURT Sewell, NJ.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: First‑floor condo with 2 bedrooms and 2 full bathrooms; Custom oak flooring and trim throughout the interior; Updated kitchen with granite countertops and modern cabinetry
