153 NEW FREEDOM ROAD, BERLIN, NJ 08009
CAMDEN County
Key Facts
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 Information
Property Type
Residential Income
Sub-Type
Triplex
Structure Type
House
Year Built
1950
Living Area
2,447 sq ft
Lot Size
0.91 acres
Lot Dimensions
99 x 400
Parking Spaces
6
Zoning
R-1
Days on Market
2
MLS® Listing#
NJCD2117316
Property Features
Interior
Appliances
Cooling
Heating
Flooring
Basement
Pool
Parking
Lot Features
Construction
Foundation
Roof
Sewer
Water Source
Schools
- Elementary:
- BERLIN COMMUNITY E.S.
- Middle:
- BERLIN COMMUNITY SCHOOL
- High:
- EASTERN H.S.
- District:
- BERLIN BOROUGH PUBLIC SCHOOLS
Financial Details
Annual Taxes
$9,138
Tax year 2025
Assessed Value
$263,200
Parcel Number
05-02100-00003
Directions
gps
Affordability Calculator
$105,000
Estimated monthly payment
$2,794/mo
Principal $420,000 · Est. interest $585,937 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in BERLIN, NJ
- $426,316
- Median Listing Price
- 52
- Median Days on Market
- 1,927
- Median Sq Ft
- $221
- Median Price / Sq Ft
- 49
- Active Listings
- This home’s price is 23% above the area median.
- Its price per sq ft is 3% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in BERLIN, NJ.
Location
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Points of Interest in BERLIN, NJ
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 100 BITTLE AVENUE, BERLIN, NJ | $379,900 | 4 | 2 | 1,768 |
| 7 MATRO AVENUE, BERLIN, NJ | $399,900 | 4 | 2 | 2,014 |
| 37 WASHINGTON AVENUE, BERLIN, NJ | $445,900 | 5 | 2 | 1,584 |
| 216 FRANKLIN AVENUE, BERLIN, NJ | $450,000 | 4 | 3 | 2,200 |
| 250 FAIRVIEW AVENUE, WEST BERLIN, NJ | $464,900 | 4 | 2 | 2,137 |
| 341 LARCH AVENUE, WEST BERLIN, NJ | $497,000 | 5 | 3 | 1,982 |
Moving Cost Estimate
EXIT Agents in BERLIN
Listing Courtesy: LPT Realty, LLC - 8564786562