First-Floor Two-Bedroom
For Sale
$264,900
613 STEEPLECHASE COURT, Deptford, NJ 08096
Recently remodeled first-floor condo with a private patio, stainless steel appliances, and access to community parking and an in-ground pool.
Property Size1,040 SF
Days on Market29
Property Features for 613 STEEPLECHASE COURT
General Information
Standard status
Active
Size
1,040 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/1BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Amenities
private patio
in-ground swimming pool
Building Details
Building Size
1,040 SF
Year Built
1989
Listing Agency:
Weichert Realtors-Mullica Hill
(856) 981-0259
Listed By:
EDGAR PIZARRO · License #1863200
(856) 981-0259
Source:
Patmckennarealtors
Added: Jul 8
Changed: Jul 30
Last Checked: Aug 5 at 5:08AM
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-Mullica Hill
Investment Insights
Based on property information with market context.
This recently remodeled, move-in-ready first-floor condo offers a bright, modern interior with updated finishes throughout. The home features two spacious bedrooms and one full bathroom, along with a kitchen equipped with stainless steel appliances. The kitchen flows into the open living and dining area, creating one connected space for daily living and entertaining. A private patio provides an outdoor area for relaxing at home.
Located within the Steeplechase community in Deptford Township, residents can take advantage of additional nearby parking and access to the community’s well-maintained grounds, including an in-ground swimming pool. The property was built in 1989 and is positioned for convenient commuting and local day-to-day needs.
The condo is described as being just minutes from Route 295, Route 55, Route 42, the Atlantic City Expressway, and the NJ Turnpike, with close proximity to Deptford Mall, shopping, restaurants, and parks.
Located within the Steeplechase community in Deptford Township, residents can take advantage of additional nearby parking and access to the community’s well-maintained grounds, including an in-ground swimming pool. The property was built in 1989 and is positioned for convenient commuting and local day-to-day needs.
The condo is described as being just minutes from Route 295, Route 55, Route 42, the Atlantic City Expressway, and the NJ Turnpike, with close proximity to Deptford Mall, shopping, restaurants, and parks.
Key Highlights
- First‑floor condo in the Steeplechase community
- 2 bedrooms and 1 full bathroom
- Recently remodeled with updated finishes throughout
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.5k | $22.56 |
| − Vacancy | −$1.4k | −$1.31 |
| EGI | $22.1k | $21.25 |
| − OpEx | −$9.9k | −$9.56 |
| NOI | $12.2k | $11.69 |
1,040 SF · lease $22.56/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$173.7K
$152.0K – $202.6K
NOI $12,156 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$349.6K
$305.9K – $407.9K
NOI $24,471 @ 7.0% cap · market cap 9.24%
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
127
Businesses Nearby
Explore this area
Business Placement
Demographics for 08096, NJ
36,355
Population
15,013
Households
2.4
Avg Household Size
41
Median Age
30%
College-Educated
92%
High-School Grad
13.9 sq mi
ZIP Area
2,615
Density / Sq Mi
$89,483
Median Household Income
$49,480
Median Earnings
$1,446
Median Rent
$248,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Recently remodeled first-floor condo with a private patio, stainless steel appliances, and access to community parking and an in-ground pool.
Where is this residential income property located?
The property is located at 613 STEEPLECHASE COURT Deptford, NJ.
What is the asking price?
The asking price for this property is $264,900.
What are key features of this property?
This property features: First‑floor condo in the Steeplechase community; 2 bedrooms and 1 full bathroom; Recently remodeled with updated finishes throughout
