Residential Income
New
For Sale
$179,000
89 WOODWAY DRIVE, West Deptford, NJ 08066
Association services include lawn care, snow removal, and trash collection.
Property Size798 SF
Price / SF$224.31
Days on Market6
Property Features for 89 WOODWAY DRIVE
General Information
Standard status
Active
Size
798 SF
Total Parking Spaces
1
Property subtype
Unit/Flat/Apartment
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$5,656
Amenities
ceiling fans
window treatments
Building Details
Building Size
798 SF
Year Built
1974
Listing Agency:
Romano Realty
Listed By:
Connie Helen Balis
(609) 254-8274
Source:
Patmckennarealtors
Added: Oct 1
Changed: Oct 5
Last Checked: Oct 6 at 12:15AM
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 Romano Realty
Investment Insights
Based on property information with market context.
This 798-square-foot residential unit has two bedrooms and one and a half bathrooms, with a combined living and dining area and a galley kitchen. Ceiling fans, window treatments, and an assigned carport space are included. The property was built in 1974.
The unit is in the Forest Creek community in West Deptford, New Jersey. Common grounds are maintained, and the association handles lawn care, snow removal, and trash services. Nearby parks are also noted.
The unit is in the Forest Creek community in West Deptford, New Jersey. Common grounds are maintained, and the association handles lawn care, snow removal, and trash services. Nearby parks are also noted.
Key Highlights
- 798‑square‑foot unit with two bedrooms and one and a half bathrooms
- Combined living and dining area with a galley kitchen
- Assigned carport space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,327
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$186,540
$186.5K
Cap Rate 7%
$133,243
$133.2K
Cap Rate 9%
$103,633
$103.6K
Market Conditions
NOI Build-Up for 798 SF
Gross rent
$18.0K $22.56/SF
− Vacancy
−$1.0K −$1.31/SF
EGI
$17.0K $21.25/SF
− OpEx
−$7.6K −$9.56/SF
NOI
$9.3K $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%
$186,540
Cap Rate 7%
$133,243
Cap Rate 9%
$103,633
Alternative Uses
Best Use
Apartment 5plus
$133.2K
$116.6K – $155.5K
NOI $9,327 @ 7.0% cap · market cap 5.21%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$268.2K
$234.7K – $313.0K
NOI $18,777 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
239
Businesses Nearby
Explore this area
Business Placement
Demographics for 08066, NJ
8,414
Population
3,605
Households
2.3
Avg Household Size
37
Median Age
21%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
1,237
Density / Sq Mi
$62,412
Median Household Income
$35,684
Median Earnings
$1,092
Median Rent
$166,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Association services include lawn care, snow removal, and trash collection.
Where is this residential income property located?
The property is located at 89 WOODWAY DRIVE West Deptford, NJ.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: 798‑square‑foot unit with two bedrooms and one and a half bathrooms; Combined living and dining area with a galley kitchen; Assigned carport space
