Updated End-Unit Residential Income
532 CASCADE COURT, Sewell, NJ 08080
For Sale
$249,900
Pending
Second-floor condominium with renovated interiors, two bedrooms, in-unit laundry, and access to an open courtyard.
Property Size1,086 SF
Days on Market61
Property Features for 532 CASCADE COURT
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Amenities
fireplace
washer/dryer
courtyard
Building Details
Building Size
Year Built
Listing Agency:
RE/MAX at the Sea
Listed By:
Theresa L O'Donnell · License NJ RS283600
(609) 263-3600
Source:
Patciervo.kw
Added: Sep 13
Changed: Nov 1
Last Checked: Nov 10 at 5:16AM
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 RE/MAX at the Sea
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Investment Insights
Based on property information with market context.
This second-floor end-unit condominium in the Courts at Peachtree community offers more than 1,000 square feet of living space and a two-bedroom layout. Interior improvements include a renovated kitchen with granite countertops, stainless steel appliances, and new flooring. The home also provides a formal dining room, living room with an upgraded fireplace, and a hall bathroom with updated fixtures and a full bathtub.
The primary suite includes a walk-in closet and private ensuite bathroom, while the second bedroom can accommodate guests, office use, or additional living space. A full-size washer and dryer are located inside the unit. The condominium is adjacent to an open courtyard and includes excellent parking. Built in 1988.
The primary suite includes a walk-in closet and private ensuite bathroom, while the second bedroom can accommodate guests, office use, or additional living space. A full-size washer and dryer are located inside the unit. The condominium is adjacent to an open courtyard and includes excellent parking. Built in 1988.
Key Highlights
- Second‑floor end‑unit condominium in the Courts at Peachtree community
- More than 1,000 square feet with two bedrooms
- Renovated kitchen with granite countertops, stainless steel appliances, and new flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,694
Cap Rate
5.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,880
$253.9K
Cap Rate 7%
$181,343
$181.3K
Cap Rate 9%
$141,044
$141.0K
Market Conditions
NOI Build-Up for 1,086 SF
Gross rent
$24.5K $22.56/SF
− Vacancy
−$1.4K −$1.31/SF
EGI
$23.1K $21.25/SF
− OpEx
−$10.4K −$9.56/SF
NOI
$12.7K $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%
$253,880
Cap Rate 7%
$181,343
Cap Rate 9%
$141,044
Alternative Uses
Best Use
Apartment 5plus
$181.3K
$158.7K – $211.6K
NOI $12,694 @ 7.0% cap · market cap 5.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$365.0K
$319.4K – $425.9K
NOI $25,553 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
84
Businesses Nearby
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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
$330,400
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Gloucester County, NJ
Properties on Market for Residential income properties in Gloucester County
Frequently Asked Questions
What type of property is this?
Residential income property - Second-floor condominium with renovated interiors, two bedrooms, in-unit laundry, and access to an open courtyard.
Where is this residential income property located?
The property is located at 532 CASCADE COURT Sewell, NJ.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Second‑floor end‑unit condominium in the Courts at Peachtree community; More than 1,000 square feet with two bedrooms; Renovated kitchen with granite countertops, stainless steel appliances, and new flooring
