Garden-Style Income
New
For Sale
$329,000
903 ASPEN DRIVE, Plainsboro, NJ 08536
Laundry hookups support installation of an in-unit washer and dryer.
Property Size1,036 SF
Price / SF$317.57
Days on Market2
Property Features for 903 ASPEN DRIVE
General Information
Standard status
Active
Size
1,036 SF
Property subtype
Apartment
Building Details
Year Built
1985
Listing Agency:
Ashton Realty
(609) 448-0505
Listed By:
Edward J Levin · License #2082363
(215) 546-1717
Source:
Cummingsrealtors
Added: Oct 6
Changed: Oct 7
Last Checked: Oct 7 at 1:57PM
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 Ashton Realty
Investment Insights
Based on property information with market context.
Built in 1985, this 1,036-square-foot garden-style residential unit has hookups for a washer and dryer. The Aspen at Prairie Meadows community includes parks and walking trails, while shops and dining options are a short drive away.
Key Highlights
- 1,036‑square‑foot garden‑style residential unit
- Built in 1985
- Washer and dryer hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,932
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,640
$318.6K
Cap Rate 7%
$227,600
$227.6K
Cap Rate 9%
$177,022
$177.0K
Market Conditions
NOI Build-Up for 1,036 SF
Gross rent
$31.1K $30.00/SF
− Vacancy
−$2.1K −$2.04/SF
EGI
$29.0K $27.96/SF
− OpEx
−$13.0K −$12.58/SF
NOI
$15.9K $15.38/SF
Area
Middlesex County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,640
Cap Rate 7%
$227,600
Cap Rate 9%
$177,022
Alternative Uses
Best Use
Apartment 5plus
$227.6K
$199.2K – $265.5K
NOI $15,932 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$270.5K
$236.7K – $315.6K
NOI $18,936 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
109
Businesses Nearby
Explore this area
Business Placement
Demographics for 08536, NJ
20,682
Population
8,894
Households
2.3
Avg Household Size
36
Median Age
79%
College-Educated
98%
High-School Grad
7.5 sq mi
ZIP Area
2,758
Density / Sq Mi
$128,426
Median Household Income
$94,896
Median Earnings
$1,908
Median Rent
$655,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential income property - Laundry hookups support installation of an in-unit washer and dryer.
Where is this residential income property located?
The property is located at 903 ASPEN DRIVE Plainsboro, NJ.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: 1,036‑square‑foot garden‑style residential unit; Built in 1985; Washer and dryer hookups
