123 S Berkley Square
Atlantic City, NJ, 08401 $ 1,150,000
Bedrooms4 Baths0.0 Monthly Estimate*
$ 7,943
for $1,150,000 with 4 bedrooms. This home was built in 1910 on a lot size of 0.07.
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.
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FeaturesGeneralLiving Area 3584
Sewer Public Sewer
Heating Forced Air
Cooling Central A/C
Possession 31-60 Days CD 0-30 Days CD
Appliances Dishwasher Washer Stove Refrigerator Oven/Range - Electric Oven/Range - Gas Microwave Dryer
Zoning R-2
Garage Spaces 2.00
Patio/Porch Features Porch(es) Patio(s) Balcony Deck(s)
Architectural Style Transitional
Construction Materials Frame
School District ATLANTIC CITY SCHOOLS
Year Built 1910
Property Subtype Triplex
Tax Year 2025
Ownership Fee Simple
Cool Fuel Electric
Municipality ATLANTIC CITY
Accessibility None
County ATLANTIC
New Construction N
Property Type Multi-Family
Subdivision Name CHELSEA
Garage Y/N Y
Water Access Y/N N
Other Structures Above Grade Below Grade
Status ACTIVE
Directions Atlantic Ave to Berkley SQ
City ATLANTIC CITY
Disclosures Prop Disclosure Lead Based Paint - State
Number Of Units Total 3
MLS Area Atlantic City (20102)
Lot Size Units Square Feet
Lot Size Square Feet 3219.00
Number of Units Leased 1
Tax Annual Amount 14236.0
Two Bedroom 2
Structure Type Detached
Price Per Sq Ft Total AG 320.87
Rent Control Y/N N
Vacation Rental Y/N N
Standard Status Active
Year Built Source Assessor
Tax Lot 00014
Total Actual Rent 1850.00
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InteriorInterior Amenities 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
Heating Fuel Natural Gas
Hot Water Natural Gas
Total Stories 4
Basement (Y/N) N
Heating Y/N Y
Fireplace Y/N N
Central Air Y/N Y
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ExteriorExterior Amenities Street Lights Sidewalks Exterior Lighting
Pool No Pool
Water Source Public
Garage Features Garage - Front Entry Inside Access
Type of Parking Attached Garage
Foundation Details Slab
Water View Y/N N
Lot Dimensions 39.00 x 82.50
Lot Size Acres 0.07
Lot Size Source Assessor
Waterfront Y/N N
Land Assessed Value 219000.00
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesList ByColdwell Banker Argus Real EstateBroker
phil@littlebigcitygroup.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $7,943
- Monthly Property Taxes
- $1,186
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Atlantic City, NJ
Average List Price $580,206
Percent of Sale Price 50%
About Atlantic City, NJ 37,544 Population
-7% Since 2002
$ 27,773 Median Income
38.18 Median Age
30% Households with Children
Trends Information provided by ATTOM Data Solutions.
3534335 Elementary School
3534506 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/26/2026 | $1,150,000 | -2.13% | Price Down |
| 7/3/2026 | $1,175,000 | -2.08% | Price Down |
| 5/7/2026 | $1,200,000 | | Listed Price |