409 BELMONT DRIVE
About This Property
The upper level offers three generous bedrooms, two updated bathrooms, and excellent closet space. Updated lighting, ceiling fans, and recessed lights add to the warm feel of the home.
The lower level provides exceptional flexibility with two additional bedrooms that can also be used as office or playroom spaces, a large den with sliding door access to the fully fenced backyard, a walk in pantry, a separate storage room, and an oversized laundry and mudroom. This level also has potential for an in law suite or guest area.
Additional features include a separate outdoor storage area, updated appliances and fixtures, new patio driveway and steps completed in 2023, and new HVAC installed in 2021. The location provides easy access to Center City Philadelphia in about 15 minutes, along with convenient proximity to Rt 70, Rt 73, I 295, Rt 38, shopping, parks, and top rated Cherry Hill schools.
This spacious and versatile home offers excellent value in one of Cherry Hill's most desirable neighborhoods. Make it yours.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 30, 2025 | Sold | ||
| Sold | |||
| Dec 10, 2025 | In contract | - | |
| In contract | |||
| Dec 2, 2025 | Price Decreased |
$590,000
↓ $10K
(1.7%) | |
| Price Decreased | |||
| Nov 13, 2025 | Price Decreased |
$600,000
↓ $30K
(4.8%) | |
| Price Decreased | |||
| Nov 1, 2025 | Price Decreased |
$629,900
↓ $10K
(1.6%) | |
| Price Decreased | |||
Property Highlights
Building Info
Comparables
Status
Price/ft²
Listed On
Sold On
About Cherry Hill Mall
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017