153 New Freedom Rd, Berlin, NJ 08009
Local realty services provided by:ERA Central Realty Group
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!...
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Home facts
- Year built:1950
- Listing ID #:NJCD2117316
- Added:1 day(s) ago
- Updated:May 18, 2026 at 02:04 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)
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