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Renovated Triplex Near Beach
For Sale
$1,150,000

123 S Berkley Square, Atlantic City, NJ 08401

MULTI-FAMILY, Lower Chelsea, NJ

Property SizeContact for details
Days on Market123

Property Features for 123 S Berkley Square

General Information

Property type Residential Multi Family
Property subtype Triplex
Zoning R-2
Bedrooms 14
Bathrooms 6
Full bathrooms 5
Half bathrooms 1
Rooms Bathroom 6, Bedroom 14, Bedroom 3, Bedroom 7, Bedroom 11, Bedroom 13, Bedroom 8, Bedroom 4, Bathroom 2, Den, Bedroom 12, Bedroom 1, Bedroom 2, Bedroom 6, Bathroom 1, Bedroom 5, Bathroom 3, Bedroom 10, Bedroom 9, Dining Room, Bathroom 4, Bathroom 5
Parking features Offsite
Patio and Porch features Patio, Porch, Deck
Exterior features Beach Access, Boardwalk Access, Curbs, Deck, Fenced Yard, Ocean View, Patio, Porch, Sidewalks
Fencing Fenced
Appliances Dishwasher, Dryer, Electric Stove, Microwave, Refrigerator, Washer
Lot features Beach Block
Directions Atlantic Ave to Berkley Square
Subdivision Atlantic City
Standard status Active

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 14237

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air
Cooling system Electric, Central Air, Ceiling Fan(s)
Water source Public
Water front 1

Amenities

water views
porches
decks
balconies
rear patio

Building Details

Year built 1910
Number of units 3
Listing Agency: COLDWELL BANKER ARGUS REAL ESTATE-Northfield · Coldwell Banker Real Estate
Listed By: Philip Cavalcanto, Jr · License #2297020
Added: May 6 Changed: Sep 4 Last Checked: Sep 5 at 12:06PM
MLS# 607595

Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This legal triplex at 123 S Berkley Square includes three distinct residences. The first-floor apartment has two bedrooms and one bathroom with an annual tenant in place. The second floor provides two bedrooms and two bathrooms, while the top-level residence offers four bedrooms and two and a half bathrooms. The upper units feature updated kitchens and baths, hardwood flooring, and recessed lighting. Multiple porches, decks, balconies, and a rear patio add outdoor space, while water views extend across nearly every level.

The property is positioned in Lower Chelsea, close to the beach and boardwalk, with access to nearby Atlantic City amenities and the Ventnor area. Public water and public sewer serve the property. Additional features include a fenced yard, central air, forced-air natural gas heat, and offsite parking.

Key Highlights

  • Legal triplex with 3 separate residential units
  • Unit mix includes 2‑bedroom, 1‑bath; 2‑bedroom, 2‑bath; and 4‑bedroom, 2.5‑bath residences
  • Upper units feature new kitchens and baths, hardwood flooring, and recessed lighting

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Building Supply (Bike/Boat/Book/etc) Store HVAC Service Storage Facility Acupuncture Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units

Location Intelligence

Trade Area within ½ mile

763
Businesses Nearby

Demographics for 08401, NJ

38,536
Population
20,116
Households
1.9
Avg Household Size
38
Median Age
21%
College-Educated
76%
High-School Grad
10.7 sq mi
ZIP Area
3,601
Density / Sq Mi
$36,375
Median Household Income
$28,915
Median Earnings
$1,086
Median Rent
$189,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Legal three-unit property with renovated upper residences, outdoor living areas, and water views near the beach and boardwalk.
Where is this triplex located?
The property is located at 123 S Berkley Square Atlantic City, NJ.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Legal triplex with 3 separate residential units; Unit mix includes 2‑bedroom, 1‑bath; 2‑bedroom, 2‑bath; and 4‑bedroom, 2.5‑bath residences; Upper units feature new kitchens and baths, hardwood flooring, and recessed lighting
More about this property
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