153 New Freedom Rd, Berlin, NJ 08009
Local realty services provided by:ERA OakCrest Realty, Inc.
153 New Freedom Rd,Berlin, NJ 08009
$525,000
- 5 Beds
- - Baths
- 2,447 sq. ft.
- Multi-family
- Active
Listed by: stephen b. clyde
Office: lpt realty, llc.
MLS#:NJCD2117316
Source:BRIGHTMLS
Price summary
- Price:$525,000
- Price per sq. ft.:$214.55
About this home
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!...
Contact an agent
Home facts
- Year built:1950
- Listing ID #:NJCD2117316
- Added:45 day(s) ago
- Updated:July 02, 2026 at 01:33 PM
Rooms and interior
- Bedrooms:5
- Flooring:Fully Carpeted, Vinyl, Wood
- Basement:Yes
- Basement Description:Full, Outside Entrance, Unfinished
- Living area:2,447 sq. ft.
Heating and cooling
- Cooling:Wall Unit
- Heating:Natural Gas, Radiator
Structure and exterior
- Roof:Shingle
- Year built:1950
- Building area:2,447 sq. ft.
- Lot area:0.91 Acres
- Lot Features:Front Yard
- Construction Materials:Frame
Schools
- High school:EASTERN H.S.
- Middle school:BERLIN COMMUNITY SCHOOL
- Elementary school:BERLIN COMMUNITY E.S.
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$525,000
- Price per sq. ft.:$214.55
- Tax amount:$9,138 (2025)
Features and amenities
- Amenities:Ceiling Fan(s)
New listings near 153 New Freedom Rd
- New
$405,000Active3 beds 3 baths1,636 sq. ft.219 Roosevelt Blvd, BERLIN, NJ 08009
MLS# NJCD2121324Listed by: WEICHERT REALTORS - MOORESTOWN - Open Thu, 5 to 7pmNew
$439,900Active3 beds 3 baths2,080 sq. ft.14 Washburne Ave, BERLIN, NJ 08009
MLS# NJCD2121066Listed by: KELLER WILLIAMS REALTY - MEDFORD - Coming Soon
$686,000Coming Soon4 beds 3 baths191 Washington Ave, BERLIN, NJ 08009
MLS# NJCD2118932Listed by: JOE WIESSNER REALTY LLC - New
$419,000Active3 beds 2 baths1,932 sq. ft.3 Malan Ave, BERLIN, NJ 08009
MLS# NJCD2120836Listed by: KELLER WILLIAMS REALTY - MARLTON - New
$179,999Active1 beds 1 baths727 sq. ft.40 Tansboro Rd #6c, BERLIN, NJ 08009
MLS# NJCD2120898Listed by: OPUS ELITE REAL ESTATE OF NJ, LLC - New
$399,900Active4 beds 2 baths2,014 sq. ft.7 Matro Ave, BERLIN, NJ 08009
MLS# NJCD2120828Listed by: KELLER WILLIAMS REALTY - WASHINGTON TOWNSHIP - New
$375,000Active3 beds 2 baths1,369 sq. ft.396 Tansboro, BERLIN, NJ 08009
MLS# NJCD2118480Listed by: CENTURY 21 ALLIANCE-MEDFORD - New
$450,000Active4 beds 3 baths2,200 sq. ft.216 Franklin Ave, BERLIN, NJ 08009
MLS# NJCD2120670Listed by: HOMESMART NEXUS REALTY GROUP - PRINCETON - New
$624,900Active4 beds 3 baths1,900 sq. ft.211 Cahnt Ave, BERLIN, NJ 08009
MLS# NJCD2120676Listed by: GARDEN STATE PROPERTIES GROUP - MEDFORD
$450,000Pending2 beds 2 baths1,792 sq. ft.13 Wedgewood Ct, BERLIN, NJ 08009
MLS# NJCD2120566Listed by: SOLD PROS REAL ESTATE LLC