153 New Freedom Road

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Active
$475,000
5 beds3 baths2,447 sqft$194/sqft
153 New Freedom Rd, Berlin, NJ 08009
Est: $3,176/moGet pre-approved
Multi FamilyProperty Type
0.91 acresLot Size
1950Year Built
$194/sq ftPrice per sq ft
6 carsParking Spaces

Description

Investment opportunity! Add this income-producing triplex to your portfolio or take advantage of the opportunity to live in one unit while generating rental income from the other two. The property consists of three residential units: two spacious 2-bedroom, 1-bath apartments and one 1-bedroom, 1-bath apartment. Based on estimated market rents, each 2-bedroom unit has the potential to generate approximately $1,500 per month, while the 1-bedroom unit is estimated at approximately $1,000 per month....Investment opportunity! Add this income-producing triplex to your portfolio or take advantage of the opportunity to live in one unit while generating rental income from the other two. The property consists of three residential units: two spacious 2-bedroom, 1-bath apartments and one 1-bedroom, 1-bath apartment. Based on estimated market rents, each 2-bedroom unit has the potential to generate approximately $1,500 per month, while the 1-bedroom unit is estimated at approximately $1,000 per month. At full occupancy and projected rents, the property could generate approximately $4,000 per month or $48,000 annually in gross rental income. Estimated annual expenses provided by the owner include $9,138 in property taxes, $2,376 in insurance, and approximately $2,376 in maintenance, for total stated annual expenses of approximately $13,890. Based on these figures, projected Net Operating Income is approximately $34,110 annually. If the two additional lots are sold for $125,000 each, the total projected land-sale proceeds would be $250,000. Based on the stated NOI of $34,110, the resulting effective capitalization rate would be approximately 17.1%. For reference, without accounting for potential lot-sale proceeds, the property offers an approximate 7.6% capitalization rate. In addition to the existing triplex and rental income potential, the property presents a development opportunity. Subject to municipal approvals, zoning, subdivision requirements, and all applicable permits, the lot may offer potential for the creation and sale of two additional building lots at an estimated $125,000 each, providing an opportunity for future development or added value. Whether you’re an experienced investor looking to expand your portfolio, an owner-occupant seeking to offset housing costs with rental income, or a developer looking for additional land potential, this property offers multiple possibilities. Three existing units, multiple income streams, an estimated 7.6% cap rate based on the full purchase price, and a potential effective 17.1% cap rate after the estimated sale of two additional lots make this an opportunity worth a closer look. Schedule your private showing and explore the possibilities for yourself. All rental amounts, income, expenses, cap rate calculations, lot values, development potential, and financial projections are estimates only and should be independently verified by the buyer. Any subdivision or development opportunity is subject to municipal approval, zoning requirements, permitting, engineering, and other applicable regulations. The projected effective capitalization rate does not account for selling costs, taxes, financing costs, closing expenses, or other transaction-related expenses.
2 days on Market
  • Listed by: Stephen B. Clyde 609.868.2114 teamclyde@gmail.com • LPT Realty, LLC
Last updated: 09/09/2026 09:44 AM • Source: BRIGHT, MLS#: NJCD2126414

Location

Listing Courtesy of LPT Realty, LLC
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$3,176 per month

30 year fixed, 6.55% Interest

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Property Taxes

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Property Information for 153 New Freedom Road

Property Details
  • Taxes: $9,138 / year
  • MLS Type: Multi-Family / Fee Simple
  • County: Camden County
  • Tax ID Number: 05-02100-00003
  • Ownership: Fee Simple
  • Structure Type: Detached
  • Style: Other
  • Waterfront: No
  • Garage: No
  • Municipality: BERLIN BORO
  • Total Parking Spaces: 6
  • Central Air: No
  • Basement: No
  • Above Grade Finished SQFT: 2,447.00
  • Above Grade Fin SQFT Source: Estimated
  • New Construction: No
  • Building Winterized Y/N: No
  • Property Condition: Average
Building Information
  • Residences: 1
  • Year Built: 1950
  • Lot Size: 0.91 AC / 39,640 SF
Location
Location
  • School District Name: BERLIN BOROUGH PUBLIC SCHOOLS
  • School District County ID: 300200396980
  • SchoolDistrictSource: Listing Agent
  • Elementary School: BERLIN COMMUNITY E.S. (CAMDEN NJ)
  • ElementarySchoolSource: Listing Agent
  • Middle Or Junior School: BERLIN COMMUNITY SCHOOL (CAMDEN NJ)
  • MiddleSchoolSource: Listing Agent
  • High School: EASTERN H.S. (CAMDEN NJ)
  • HighSchoolSource: Listing Agent
  • County: CAMDEN
  • MLS Area: Berlin Boro (20405)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • Association Recreation Fee Y/N: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2025
  • Tax Assessed Value: $263,200
  • Year Assessed: 2025
  • Improvement Assessed Value: $188,300
  • Land Assessed Value: $74,900
  • Zoning: R1
  • Tax Lot: 00003
  • Automatically Update Tax Values Y/N: Yes
Lease Information
Lease Information
  • Owner Pays: Sewer Maintenance, Water, Taxes - Real Estate
  • Rent Control: No
Unit Information
Unit Information
  • Single Room Units Count: 0
  • One Bedroom Units Count: 1
  • Two Bedroom Units Count: 2
  • Three Bedroom Units Count: 0
  • Other Units: Unit 1,Unit 1,Unit 1
  • Units Furnished: None
  • Units Leased Count: 1
  • Number Of Units Vacant: 2
  • Number Of Units Month To Month: 0
  • Rent Control: No
Multi Family
Unit 1
  • Type: Unit 1
  • Unit Type Occupied YN: No
  • Beds Total: 2
  • Full Baths Count: 1
Unit 2
  • Type: Unit 1
  • Unit Type Occupied YN: No
  • Beds Total: 2
  • Full Baths Count: 1
Unit 3
  • Type: Unit 1
  • Unit Type Occupied YN: No
  • Beds Total: 1
  • Full Baths Count: 1
Financial Information
Expenses
  • Operating Expense: $9,138
  • Operating Expense Includes: Insurance
  • Insurance Expense: $2,376
  • Other Expense: $2,349
Financial Information
  • Net Operating Income: $34,110
  • Annual Rental Income: $48,000
  • Income Includes: Apartment Rentals
  • Cap Rate: 7.60
  • Existing Lease Type: Yearly
Building Info
Building Info
  • Building Units Total: 1
  • Total Finished SQFT: 2,447.00
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Estimated
  • Parcel ID: 1779283
Parking
Parking
  • Type Of Parking: Driveway
  • Driveway - # of Spaces: 6
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
  • Laundry Type: None
Exterior Features
Exterior Features
  • Spa: No
  • Pool: No Pool
Utilities
Utilities
  • Utilities: Cable TV
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Radiator
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Septic
Confidential Data
Listing Office
  • List Agent AOR: NEXUS Association of Realtors

Property History for 153 New Freedom Road

DateEvent & SourcePriceAppreciation
Sep 8, 2026

Listed (Active)

BRIGHT #NJCD2126414

$475,000—
Aug 21, 2026

Withdrawn

BRIGHT #NJCD2117316

—
May 17, 2026

Listed (Active)

BRIGHT #NJCD2117316

$525,000—
DateEvent & SourcePrice
09/08/2026

Listed (Active)

BRIGHT #NJCD2126414

$475,000
08/21/2026

Withdrawn

BRIGHT #NJCD2117316

—
05/17/2026

Listed (Active)

BRIGHT #NJCD2117316

$525,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 153 New Freedom Road

Taxable ValueLand$74,900Additions$188,300Total$263,200
Tax Record2025$9,138 ($762 / month)
Home Facts
Beds0Total Finished SqFt2,447 SqFtAbove Grade Finished SqFt2,447 SqFtStories2Lot Size39,600 SqFtStyleSingle Family ResidenceYear Built1950Year Renovated1950ZoningR-1CountyCAMDENAPN05-02100-0000-00003

Schools near 153 New Freedom Road

This home is within Berlin Borough School District.
Rating
School
Type
Grades
Distance
Berlin Community Elementary School
Public - PK to 8
Eastern High School
Public - 9 to 12
Rating
School
Distance
Berlin Community Elementary School
PublicPK to 8

Eastern High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 153 New Freedom Road, Berlin, NJ 08009

153 New Freedom Road is a multi-family home for sale in Berlin, NJ 08009. This property was listed for sale on September 8, 2026 by LPT Realty, LLC, it's currently listed at $475,000. It has been on the market for a total of 2 days and was last sold on April 5, 2017. This listing's school districts are Eastern Camden County Regional School District, Berlin Borough School District. Nearby schools include Berlin Community Elementary School and Eastern High School. 153 New Freedom Road is a 5-bed, 3-bath, 2,447 sqft multi-family home built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of LPT Realty, LLC

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.