Burlington
337 NICHOLAS DRIVE
$107,000
●
Condo -
Off Market
337 NICHOLAS DRIVE
RIVERSIDE, NJ 08075
2 Beds
1 Bath
873 Ft²
$1,111
Est. Monthly
$290
HOA / Fees
15.60%
Cap Rate
About This Property
Affordable Housing –
This is an AFFORDABLE HOUSING unit with income limits based on household size: up to $76,480 for a 2-person household, $86,000 for a 3-person household, and $95,520 for a 4-person household. Only fully qualified and approved buyers may submit an offer, and applications will be reviewed one at a time. A complete application must be filled out and submitted through the NJHMFA Affordable Housing Program
Clean and well-kept 2-bedroom, 1-bath unit in a great association. Features new carpet, fresh paint, a full kitchen with appliances, spacious living area, and a large bathroom with tub.
Applicants must be approved through the affordable housing program. Convenient location near shopping and transportation.
This is an AFFORDABLE HOUSING unit with income limits based on household size: up to $76,480 for a 2-person household, $86,000 for a 3-person household, and $95,520 for a 4-person household. Only fully qualified and approved buyers may submit an offer, and applications will be reviewed one at a time. A complete application must be filled out and submitted through the NJHMFA Affordable Housing Program
Clean and well-kept 2-bedroom, 1-bath unit in a great association. Features new carpet, fresh paint, a full kitchen with appliances, spacious living area, and a large bathroom with tub.
Applicants must be approved through the affordable housing program. Convenient location near shopping and transportation.
Unit Size
873 Ft²
Days on Market
-
Land Size
-
Price per sqft
$126
Property Type
Condo
Property Taxes
$280
HOA Dues
$290
Year Built
2003
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (Bright MLS #NJBL2089538)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 22, 2025 | Sold | ||
| Sold | |||
| Jul 15, 2025 | In contract | - | |
| In contract | |||
| Jun 17, 2025 | Listed by Keypoint Realty LLC | $110,000 | |
| Listed by Keypoint Realty LLC | |||
Property Highlights
Air Conditioning
Interior Details
Full Bathrooms: 1
Exterior Details
Has Property Attached
Square Footage: 873
Square Footage Source: $0
Architectural Style: Unit/Flat
Year Built Source: Assessor
Year Built: 2003
Levels: 1
Other Structures: Above Grade, Below Grade
Construction Materials: Vinyl Siding
Lot Size Units: Square Feet
Lot Size Dimensions: 0.00 x 0.00
Tax Lot: 00004 03
Water Source: Public
Financial Details
Tax Annual Amount: $3,359
Utilities Details
Cooling Type: Central A/C
Heating Type: Forced Air
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds, Ext Bldg Maint, Health Club, Lawn Maintenance
HOA/Condo/Coop Amenities: Clubhouse, Tennis Court(s), Pool - Outdoor
HOA Fee: $40
HOA Fee Frequency: Monthly
Condo/Coop Fee: $250
Condo/Coop Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/17/2025
| |
2 Bed
|
1 Bath
|
873 ft²
|
$110,000
2 Bed
1 Bath
873 ft²
|
$107,000
-2.73%
08/22/2025
|
Yosef Beane
Keypoint Realty LLC
|
Building Info
About Burlington
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Listed by: Yosef Beane
Keypoint Realty LLC
Last Updated: 3 hours ago
Data Source: Bright MLS , MLS# NJBL2089538
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Keypoint Realty LLC
Last Updated: 3 hours ago
Data Source: Bright MLS , MLS# NJBL2089538
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017