123 S Berkley Square, Lower Chelsea, NJ 08401
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123 S Berkley Square, Lower Chelsea, NJ 08401
123 S Berkley Square, Lower Chelsea, NJ 08401
123 S Berkley Square, Lower Chelsea, NJ 08401
123 S Berkley Square, Lower Chelsea, NJ 08401
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Sara Pensabene

Sara Pensabene

+1(540) 336-5057
$ 1,150,000
Est. payment /mo
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Price Dropped by $25K

123 S Berkley Square Lower Chelsea, NJ 08401

3 Beds

5.5 Baths

3,590 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,590 sqft

Price per Sqft $320

MLS Listing ID 607595

Bedrooms 3

Full Baths 5

Half Baths 1

Year Built 1910

Annual Tax Amount $14,237

Tax Year 2025

Lot Size 3,590 Sqft

Property Sub-Type Triplex

Property Description

Welcome to 123 S. Berkley Square — a legal triplex on the beach block in Atlantic City's Lower Chelsea neighborhood, bordering Ventnor. This is the kind of opportunity investors wait for: beach block location, immediate income, and room to grow it further. The 1st floor is a 2-bedroom, 1-bath unit occupied by an established annual tenant at $1,850/month. The 2nd floor is a bright 2-bedroom, 2-bath unit, fully renovated and vacant, available for immediate occupancy. The top floor is a standout 4-bedroom, 2.5-bath unit, also fully renovated and vacant, available for immediate occupancy. This gives a buyer three paths: a full three-unit rental, an owner-occupied top unit with two income-producing rentals below, or a seasonal/year-round mix. Upgrades include new kitchens and baths, hardwood flooring throughout the upper units, and recessed lighting. Water views are visible from nearly every level, and the home offers multiple outdoor spaces — porches, decks, balconies, and a rear patio for three-season entertaining — along with oversized, light-filled rooms throughout. The location is just steps to one of the most sought-after stretches of beach and boardwalk on the South Jersey Coast, with Lower Chelsea offering a quieter, more residential pocket while staying close to everything Atlantic City has to offer. Whether you're expanding a portfolio, house hacking, or buying a shore investment that already cash-flows, this one checks the boxes. Some images have been virtually staged.

Location

State NJ

County Atlantic

Community Lower Chelsea

Area Atlantic City

Location Details Beach Block

Rooms

Other Rooms Den/TV Room, Dining Room, Kitchen

Basement Slab

Interior

Heating Forced Air, Gas-Natural

Exterior

Exterior Feature Stucco, Vinyl

Parking Features Two Car, Attached Garage, Heated Garage

Building

Sewer Public Sewer

Water Public

Others

Senior Community No

South Jersey Shore Regional MLS (SJSRMLS)
Listed by COLDWELL BANKER ARGUS REAL ESTATE-Northfield

NEARBY SCHOOLS & PROPERTIES

Sara Pensabene

Sara Pensabene

Broker Associate License ID: 2080383

+1(540) 336-5057

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123 S Berkley Square

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