Two-Bedroom Residential Income
For Sale
$255,000
655 STEEPLECHASE COURT, Deptford, NJ 08096
First-floor condominium with two full bathrooms, updated finishes, and a wood-burning fireplace.
Property Size1,141 SF
Days on Market49
Property Features for 655 STEEPLECHASE COURT
General Information
Standard status
Active
Size
1,141 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
$4,781
Building Details
Building Size
1,141 SF
Year Built
1989
Listing Agency:
The Plum Real Estate Group, LLC
Listed By:
George L Plum · License #0903493
(856) 537-5464
Source:
Patmckennarealtors
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 26 at 10:56PM
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 The Plum Real Estate Group, LLC
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Investment Insights
Based on property information with market context.
This first-floor residential income property is a two-bedroom, two-bath condominium in the Steeplechase community of Deptford Township. The open living arrangement includes a sliding glass door, wood-burning fireplace, and newly installed flooring throughout. Walls have been freshly painted in bright, neutral tones, while both bathrooms feature updated ceramic tile flooring. The primary bedroom includes a private full bathroom, and the second bedroom offers generous closet storage.
Heating and air conditioning were replaced in 2025. The property was built in 1989 and provides access to Route 42, Route 55, I-295, and the Atlantic City Expressway, connecting the area with shore destinations and Center City Philadelphia.
Heating and air conditioning were replaced in 2025. The property was built in 1989 and provides access to Route 42, Route 55, I-295, and the Atlantic City Expressway, connecting the area with shore destinations and Center City Philadelphia.
Key Highlights
- First‑floor two‑bedroom condominium
- Two full bathrooms, including a private bath in the primary bedroom
- New flooring throughout and freshly painted interior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,336
Cap Rate
5.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$266,720
$266.7K
Cap Rate 7%
$190,514
$190.5K
Cap Rate 9%
$148,178
$148.2K
Market Conditions
NOI Build-Up for 1,141 SF
Gross rent
$25.7K $22.56/SF
− Vacancy
−$1.5K −$1.31/SF
EGI
$24.2K $21.25/SF
− OpEx
−$10.9K −$9.56/SF
NOI
$13.3K $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%
$266,720
Cap Rate 7%
$190,514
Cap Rate 9%
$148,178
Alternative Uses
Best Use
Apartment 5plus
$190.5K
$166.7K – $222.3K
NOI $13,336 @ 7.0% cap · market cap 5.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$383.5K
$335.6K – $447.5K
NOI $26,847 @ 7.0% cap · market cap 10.53%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
109
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
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Frequently Asked Questions
What type of property is this?
Residential income property - First-floor condominium with two full bathrooms, updated finishes, and a wood-burning fireplace.
Where is this residential income property located?
The property is located at 655 STEEPLECHASE COURT Deptford, NJ.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: First‑floor two‑bedroom condominium; Two full bathrooms, including a private bath in the primary bedroom; New flooring throughout and freshly painted interior
