$525,000

153 NEW FREEDOM RD, Berlin, NJ 08009

  • 2,447 sqft
  • Property Icon Triplex
  • Property Year Built Icon Built in 1950
  • Property Lot Size Icon0.91acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $215/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

Welcome to 53 New Freedom Road, an exceptional triplex located at the entrance of one of Berlin Borough's premier neighborhoods! This well-maintained property features **three distinct residential units**: two spacious **2-bedroom, 1-bath apartments** and a cozy **1-bedroom, 1-bath apartment**. Each unit is equipped with **separate utilities**, ensuring independence for residents. The property has undergone recent upgrades, including **brand new boilers and hot water heaters** installed within the last year, providing reliable comfort for all tenants. Each apartment has its own **private entrance** and designated **parking area**, maximizing both privacy and convenience. Situated on a generous **.91-acre lot**, this property not only offers an ideal multi-family living arrangement but also presents an enticing **subdividable potential**. The lot measures 99 feet deep from Chilemi Court and extends 400 feet along the same road, providing ample space for outdoor activities or future development opportunities. With an **annual rental income** of **$46,800** and **total operating expenses** of **$4,725**, the property boasts a strong **Net Operating Income (NOI)** of **$42,074.80**. This translates to an impressive **Capitalization Rate (Cap Rate)** of approximately **8.01%** and a **Return on Investment (ROI)** of **8.01%**, highlighting its strong cash flow potential. Additionally, the **Gross Rent Multiplier (GRM)** stands at **11.21**, indicating a favorable investment compared to local market standards. Located in a friendly community, 153 New Freedom Road offers easy access to local amenities, schools, and parks, while providing convenient transportation routes. This is a fantastic investment opportunity or a perfect multi-family living arrangement. Don’t miss your chance to own a property with endless potential in a sought-after location! Whether you're looking to maintain the current triplex model for rental income or explore future subdivision possibilities, this property is ready to deliver value now and into the future. Contact us today for more details!

Listing Status:
Active
Date Added:
May 22, 2026
Data Last Updated:
June 24, 2026 at 7:16AM
Listing Office:
LPT Realty, LLC : 8564786562
Listing Agent:
Stephen B. Clyde : 6098682114
MLS ID:
NJCD2117316
  • General: Ceiling Fan(s)
  • Basement: FullOutside entranceUnfinished
  • Flooring: Fully carpetedVinylWood
  • A/C: Wall Unit
  • Heating: RadiatorNatural Gas
  • Disability Feature: None
  • General: Above GradeBelow Grade
  • Style: Other
  • Roofing: Shingle
  • General: FrameOther
  • Originating MLS: BRIGHT_MAIN
  • School District: BERLIN BOROUGH PUBLIC SCHOOLS
  • County: CAMDEN-NJ
  • Zoning: R-105-02100-00003
  • Water: Public
  • Sewer: Public Sewer
  • Source: BRIGHT_MAIN

This listing courtesy of Stephen B. Clyde , LPT Realty, LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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