Loft-Style Residential
New
For Sale
$285,000
608 TRESCOTT PLACE, Mount Laurel, NJ 08054
A two-level layout pairs a vaulted main living area with a skylit upper loft and private balcony.
Property Size1,164 SF
Price / SF$244.85
Days on Market5
Property Features for 608 TRESCOTT PLACE
General Information
Standard status
Active
Size
1,164 SF
Property subtype
Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Amenities
fireplace
hardwood floors
private balcony
stainless steel appliances
gas cooking
decorative tile backsplash
walk-in closet
laundry room
skylights
Building Details
Year Built
1992
Listing Agency:
Keller Williams Main Line
(610) 520-0100
Listed By:
Serena Lin · License #RS336817
(732) 277-6657
Source:
Cummingsrealtors
Added: Oct 29
Changed: Nov 1
Last Checked: Nov 1 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 Main Line
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Investment Insights
Based on property information with market context.
This second-floor, bi-level end-unit condo offers 1,164 square feet with two bedrooms and one full bathroom. Hardwood flooring spans the living and dining areas beneath a vaulted ceiling, while a fireplace and two skylights distinguish the upper loft. The kitchen has wood cabinetry, stainless steel appliances, gas cooking, and a tile backsplash. A walk-in closet serves the primary bedroom, and the main level also includes a second bedroom, laundry room, and full bathroom. Sliding doors lead to a private balcony with an adjoining storage closet.
The home is in the Laurel Creek community in Mount Laurel, with shopping, dining, and daily services along the Route 38 corridor, including Moorestown Mall. I-295, Route 73, and the New Jersey Turnpike provide regional connections toward South Jersey and the Philadelphia area. Built in 1992.
The home is in the Laurel Creek community in Mount Laurel, with shopping, dining, and daily services along the Route 38 corridor, including Moorestown Mall. I-295, Route 73, and the New Jersey Turnpike provide regional connections toward South Jersey and the Philadelphia area. Built in 1992.
Key Highlights
- 1,164‑square‑foot, second‑floor end‑unit condo
- Two bedrooms, one full bathroom, and a bi‑level layout
- Vaulted living area with an upper loft, fireplace, and two skylights
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,246
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,920
$304.9K
Cap Rate 7%
$217,800
$217.8K
Cap Rate 9%
$169,400
$169.4K
Market Conditions
NOI Build-Up for 1,164 SF
Gross rent
$29.3K $25.20/SF
− Vacancy
−$1.6K −$1.39/SF
EGI
$27.7K $23.81/SF
− OpEx
−$12.5K −$10.72/SF
NOI
$15.2K $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 Rate 5%
$304,920
Cap Rate 7%
$217,800
Cap Rate 9%
$169,400
Alternative Uses
Best Use
Apartment 5plus
$217.8K
$190.6K – $254.1K
NOI $15,246 @ 7.0% cap · market cap 5.35%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.43M
$2.13M – $2.84M
NOI $170,414 @ 7.0% cap · market cap 59.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
204
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
Frequently Asked Questions
What type of property is this?
Residential income property - A two-level layout pairs a vaulted main living area with a skylit upper loft and private balcony.
Where is this residential income property located?
The property is located at 608 TRESCOTT PLACE Mount Laurel, NJ.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: 1,164‑square‑foot, second‑floor end‑unit condo; Two bedrooms, one full bathroom, and a bi‑level layout; Vaulted living area with an upper loft, fireplace, and two skylights
