Two-Bedroom Residential Income
For Sale
$294,000
83 BRIDGEWATER DRIVE, Marlton, NJ 08053
Second-floor condominium with updated interiors, two bathrooms, and vaulted ceilings.
Property Size1,112 SF
Days on Market50
Property Features for 83 BRIDGEWATER DRIVE
General Information
Standard status
Active
Size
1,112 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,636
Building Details
Building Size
1,112 SF
Year Built
1987
Listing Agency:
EXP Realty, LLC
Listed By:
Nicholas Versaggi · License #1974133
(609) 668-9049
Source:
Patmckennarealtors
Added: Sep 16
Changed: Oct 31
Last Checked: Nov 3 at 10:59AM
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 EXP Realty, LLC
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Investment Insights
Based on property information with market context.
This second-floor condominium was built in 1987 and offers a two-bedroom, two-bathroom layout. Interior improvements include a new kitchen, upgraded bathrooms, and LVP flooring, while soaring ceilings add volume to the living spaces.
Key Highlights
- Two‑bedroom, two‑bathroom condominium
- Second‑floor location
- New kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,293
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$225,860
$225.9K
Cap Rate 7%
$161,329
$161.3K
Cap Rate 9%
$125,478
$125.5K
Market Conditions
NOI Build-Up for 1,112 SF
Gross rent
$21.8K $19.56/SF
− Vacancy
−$1.2K −$1.10/SF
EGI
$20.5K $18.46/SF
− OpEx
−$9.2K −$8.31/SF
NOI
$11.3K $10.16/SF
Area
Camden County, NJ
Vacancy
5.60%
Lease Rate
$19.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$225,860
Cap Rate 7%
$161,329
Cap Rate 9%
$125,478
Alternative Uses
Best Use
Apartment 5plus
$161.3K
$141.2K – $188.2K
NOI $11,293 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$282.0K
$246.7K – $329.0K
NOI $19,737 @ 7.0% cap · market cap 6.71%
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
82
Businesses Nearby
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Business Placement
Demographics for 08053, NJ
46,826
Population
20,090
Households
2.3
Avg Household Size
43
Median Age
53%
College-Educated
98%
High-School Grad
29.2 sq mi
ZIP Area
1,604
Density / Sq Mi
$116,745
Median Household Income
$67,439
Median Earnings
$1,939
Median Rent
$368,100
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Second-floor condominium with updated interiors, two bathrooms, and vaulted ceilings.
Where is this residential income property located?
The property is located at 83 BRIDGEWATER DRIVE Marlton, NJ.
What is the asking price?
The asking price for this property is $294,000.
What are key features of this property?
This property features: Two‑bedroom, two‑bathroom condominium; Second‑floor location; New kitchen
