Two-Bedroom Garden-Style
For Sale
$220,000
Pending
913 WOODCHIP ROAD, Lumberton, NJ 08048
Association-managed grounds, snow removal, and exterior upkeep reduce routine maintenance responsibilities.
Property Size1,001 SF
Days on Market72
Property Features for 913 WOODCHIP ROAD
General Information
Standard status
Pending
Size
1,001 SF
Property subtype
Unit/Flat/Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Amenities
washer and dryer hookups
Building Details
Building Size
1,001 SF
Year Built
1988
Construction
garden-style
Listing Agency:
ERA Central Realty Group - Bordentown
Listed By:
Stephanie Lee Marlin · License #0015881
(609) 351-1460
Source:
Desantis-realestate
Added: Aug 26
Changed: Nov 2
Last Checked: Nov 5 at 7:38AM
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 ERA Central Realty Group - Bordentown
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Investment Insights
Based on property information with market context.
This garden-style apartment offers 1,001 square feet with two bedrooms and two bathrooms. Its open layout connects the living and dining areas, while carpet and laminate flooring are used in the interior. The kitchen has ample counter space, and washer and dryer hookups are provided. One bedroom includes an en-suite bathroom; the second bedroom can serve as a guest room or office. The property was built in 1988.
Association services cover grounds maintenance, snow removal, and exterior building upkeep.
Association services cover grounds maintenance, snow removal, and exterior building upkeep.
Key Highlights
- 1,001‑square‑foot garden‑style apartment with 2 bedrooms and 2 bathrooms
- Open‑concept living and dining areas
- Kitchen with ample counter space and washer and dryer hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,111
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$262,220
$262.2K
Cap Rate 7%
$187,300
$187.3K
Cap Rate 9%
$145,678
$145.7K
Market Conditions
NOI Build-Up for 1,001 SF
Gross rent
$25.2K $25.20/SF
− Vacancy
−$1.4K −$1.39/SF
EGI
$23.8K $23.81/SF
− OpEx
−$10.7K −$10.72/SF
NOI
$13.1K $13.10/SF
Area
Burlington County, NJ
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$262,220
Cap Rate 7%
$187,300
Cap Rate 9%
$145,678
Alternative Uses
Best Use
Apartment 5plus
$187.3K
$163.9K – $218.5K
NOI $13,111 @ 7.0% cap · market cap 5.96%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.09M
$1.83M – $2.44M
NOI $146,550 @ 7.0% cap · market cap 66.61%
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
316
Businesses Nearby
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Business Placement
Demographics for 08048, NJ
12,782
Population
5,024
Households
2.5
Avg Household Size
41
Median Age
42%
College-Educated
94%
High-School Grad
12.1 sq mi
ZIP Area
1,056
Density / Sq Mi
$111,739
Median Household Income
$58,097
Median Earnings
$1,667
Median Rent
$414,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Association-managed grounds, snow removal, and exterior upkeep reduce routine maintenance responsibilities.
Where is this residential income property located?
The property is located at 913 WOODCHIP ROAD Lumberton, NJ.
What is the asking price?
The asking price for this property is $220,000.
What are key features of this property?
This property features: 1,001‑square‑foot garden‑style apartment with 2 bedrooms and 2 bathrooms; Open‑concept living and dining areas; Kitchen with ample counter space and washer and dryer hookups
