First-Floor Residential Income
For Sale
$275,000
5301 ABERDEEN DRIVE, Mount Laurel, NJ 08054
Two-bedroom condominium with one-floor living, private primary suite, and access to community recreation amenities.
Property Size1,068 SF
Days on Market19
Property Features for 5301 ABERDEEN DRIVE
General Information
Standard status
Active
Size
1,068 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$3,850
Amenities
tennis courts
walking and jogging paths
playground
common grounds
Building Details
Building Size
1,068 SF
Year Built
1988
Listing Agency:
Keller Williams Realty - Moorestown
Listed By:
Samuel N Lepore · License #791411
(856) 297-6827
Source:
Patmckennarealtors
Added: Sep 14
Changed: Oct 1
Last Checked: Oct 1 at 5:14PM
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 - Moorestown
Investment Insights
Based on property information with market context.
This first-floor condominium in Brittany Commons offers a two-bedroom, two-bath layout with convenient one-floor living. The residence includes a bright living area, a functional kitchen with ample cabinetry and workspace, and a dining area. The primary bedroom has an en-suite bath and closet space, while the second bedroom is positioned near the full hall bathroom and can accommodate guest or office use.
Community amenities include tennis courts, walking and jogging paths, a playground, and maintained common grounds. The property is located at 5301 Aberdeen Drive in Mount Laurel, New Jersey, with shopping, restaurants, major highways, and schools described as nearby. Built in 1988, the condominium provides a residential income property option within an established community.
Community amenities include tennis courts, walking and jogging paths, a playground, and maintained common grounds. The property is located at 5301 Aberdeen Drive in Mount Laurel, New Jersey, with shopping, restaurants, major highways, and schools described as nearby. Built in 1988, the condominium provides a residential income property option within an established community.
Key Highlights
- First‑floor condominium with 2 bedrooms and 2 full bathrooms
- Primary suite includes an en‑suite bath and closet space
- Kitchen provides ample cabinetry and workspace
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
$13,988
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
5.09%
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%
$279,760
$279.8K
Cap Rate 7%
$199,829
$199.8K
Cap Rate 9%
$155,422
$155.4K
Market Conditions
NOI Build-Up for 1,068 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
$26.9K $25.20/SF
− Vacancy
−$1.5K −$1.39/SF
EGI
$25.4K $23.81/SF
− OpEx
−$11.4K −$10.72/SF
NOI
$14.0K $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 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%
$279,760
Cap Rate 7%
$199,829
Cap Rate 9%
$155,422
Alternative Uses
Best Use
Apartment 5plus
$199.8K
$174.9K – $233.1K
NOI $13,988 @ 7.0% cap · market cap 5.09%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.23M
$1.95M – $2.61M
NOI $156,359 @ 7.0% cap · market cap 56.86%
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
612
Businesses Nearby
Explore this area
Business Placement
Demographics for 08054, NJ
44,633
Population
19,966
Households
2.2
Avg Household Size
44
Median Age
56%
College-Educated
96%
High-School Grad
21.7 sq mi
ZIP Area
2,057
Density / Sq Mi
$114,629
Median Household Income
$67,986
Median Earnings
$1,966
Median Rent
$341,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Two-bedroom condominium with one-floor living, private primary suite, and access to community recreation amenities.
Where is this residential income property located?
The property is located at 5301 ABERDEEN DRIVE Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: First‑floor condominium with 2 bedrooms and 2 full bathrooms; Primary suite includes an en‑suite bath and closet space; Kitchen provides ample cabinetry and workspace
