153 New Freedom Rd, Berlin, NJ

Name: 153 New Freedom Rd, For Sale in Berlin - eXp Realty
Brand: LPT Realty, LLC
SKU: NJCD2117316
Price: 525000 USD

House

For Sale

Listed price in listed location currency (USD).

$525,000

000

MLS® NJCD2117316

Key Facts
Description
Map

Key Facts

Type Triplex

Levels Residential Income

Size 2447 sqft

Garage

Taxes $9,138

Days Active 7

Lot Size

Approx. Age 1950

Avg. Price Per Sqft $214

MLS® Number NJCD2117316

Property Address: 153 New Freedom Rd, Berlin, NJ, 08009-2040

Average square foot calculated using Size range provided by listing agent.

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!

MLS® NumberNJCD2117316

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1950

BasementFull, Outside Entrance, Unfinished

DrivewayDriveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

May 17, 2026List Date

$525,000List Price

Commute

Commute

Starting Address

Destination Address

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