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MLS: #NJCD2117316, Listed By: Stephen Clyde, LPT Realty, LLC, Source:Bright MLS

153 New Freedom Road

BERLIN, NJ 08009

$525,000 $2,213/Mo

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Overview

Bed

Bath

2,447

Sqft

0.91

Acre(Lot)

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!

Property Details

Property Type : Residential Income

Price : $525,000

AD Id : 78842028

MLS Id : NJCD2117316

Beds : 5

Lot Size : 0.91 Acre

Living Area Size : 2,447

Year Built : 1950

County : CAMDEN

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total beds: 5

Room Information

Has Basement: Yes Basement: Exterior Entry, Full, Unfinished
Flooring Information

Carpet, Vinyl, Wood
Roofing Information

Shingle
Interior Features

Ceiling Fan(s) Roof: Shingle Appliances: Gas Water Heater
Heating & Cooling

Has Heating: Yes Heating: Natural Gas, Radiant Has Cooling: Yes Cooling: Ceiling Fan(s), Wall Unit(s), Electric

Building Information

Year Built: 1950 Building Area Total: 2447 Construction Materials: Frame Pool Features: None Private Pool: No

Lot Information

Lot Dimensions: 99 x 400 Lot Size Acres: 0.91 Lot Size Source: Estimated Lot Size Square Feet: 39639.6 Lot Description: Front Yard

Listing Price Information

Listing Price: $525000

Tax Information

Parcel Number: 05-02100-00003 Tax Lot: 00003 Tax Year: 2025 Annual Tax: $9138

Parking Information

Parking Total: 6 Driveway

School Information

Elementary School: BERLIN COMMUNITY E.S.

Junior High School: BERLIN COMMUNITY SCHOOL

Senior High School: EASTERN H.S.
Location Information

Direction: gps WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
5 N Arlington Avenue, Berlin, NJ, 08009	$399,900	4	--	2,543	2,543 SqFt

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ByOwner last updated this listing 06/11/2026 @ 17:20

MLS: NJCD2117316 LISTED BY: Stephen Clyde, LPT Realty, LLC 856-478-6562 SOURCE: Bright MLS