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Deb Hagemeister

debsellsnj@gmail.com +1(973) 886-7831

Listed by Philip Cavalcanto • Coldwell Banker Argus Real Estate

$1,150,000

Est. payment - /mo

3,584 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 3,584 sqft

Price per Sqft $320

Subdivision Chelsea

MLS Listing ID NJAC2024416

Style Transitional

Abv Grd Liv Area 3,584

Year Built 1910

Annual Tax Amount $14,236

Tax Year 2025

Lot Size 3,219 Sqft

Acres 0.07

Lot Dimensions 39.00 x 82.50

Property Sub-Type Detached

Source BRIGHT

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

Area Atlantic City (20102)

Zoning R-2

Interior

Interior Features Built-Ins, Breakfast Area, Combination Dining/Living, Ceiling Fan(s), Combination Kitchen/Dining, Dining Area, Floor Plan - Open, Floor Plan - Traditional, Upgraded Countertops, Recessed Lighting

Hot Water Natural Gas

Heating Forced Air

Cooling Central A/C

Equipment Dishwasher, Washer, Stove, Refrigerator, Oven/Range - Electric, Oven/Range - Gas, Microwave, Dryer

Fireplace N

Appliance Dishwasher, Washer, Stove, Refrigerator, Oven/Range - Electric, Oven/Range - Gas, Microwave, Dryer

Heat Source Natural Gas

Exterior

Exterior Feature Porch(es), Patio(s), Balcony, Deck(s)

Parking Features Garage - Front Entry, Inside Access

Garage Spaces 2.0

Water Access N

Accessibility None

Porch Porch(es), Patio(s), Balcony, Deck(s)

Attached Garage 2

Total Parking Spaces 2

Garage Y

Private Pool No

Building

Foundation Slab

Above Ground Finished SqFt 3584

Sewer Public Sewer

Water Public

Architectural Style Transitional

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District Atlantic City Schools

Others

Tax ID 02-00007-00014

Ownership Fee Simple

SqFt Source 3584

Special Listing Condition Standard

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Deb Hagemeister

+1(973) 886-7831

Broker Associate License ID: 9133524

123 S BERKLEY SQ Atlantic City, NJ 08401

Deb Hagemeister

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby Locations

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