Exceptional investment opportunity in the heart of Freehold! This distinctive Victorian three-family property blends historic character with modern upgrades, offering strong, reliable income just steps from downtown shopping, dining, and schools.The property features three fully leased units with a solid rental history: two 1-bedroom, 1-bath apartments on the first and second floors, plus a spacious 3-bedroom, 1.5-bath residence spanning two levels. Each unit has their own private entrance and is equipped with its own washer and dryer, providing added convenience for tenants. Recent improvements enhance both value and appeal, including two beautifully remodeled kitchens with Corian countertops and stainless steel appliances, updated flooring, and a designer-renovated bathroom in the - largest unit. The entire home has been professionally painted, and exterior upgrades include refreshed landscaping and new lighting surrounding the private, paved parking area behind the home. Meticulously maintained by the current owner, this property preserves its original Victorian elegance -- from wide plank floors , soaring ceilings to intricate millwork and classic architectural details -- while delivering the modern updates today's tenants appreciate. A rare opportunity to own a turn-key, income-producing property in a prime location.
For sale
$999,000
27 Spring Street, Freehold, NJ 07728
5beds
2,680sqft
Est.:
Multi Family
Built in 1905
-- sqft lot
$991,100 Zestimate®
$373/sqft
$-- HOA
What's special
Soaring ceilingsIntricate millworkClassic architectural detailsDesigner-renovated bathroomWide plank floorsRefreshed landscapingTwo beautifully remodeled kitchens
- 6 hours |
- 333 |
- 9 |
Zillow last checked:
Listing updated:
Listed by:
Michelle Lorme 732-768-1188,
Real Broker, LLC- Red Bank
Source: MoreMLS,MLS#: 22604312
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Cooling
- Other
Features
- Flooring: Other
- Basement: Partial
Interior area
- Total structure area: 2,680
- Total interior livable area: 2,680 sqft
Property
Parking
- Parking features: Off Street, None, Assigned
Features
- Stories: 2
- Exterior features: Lighting
Details
- Parcel number: 1600043000000011
- Zoning description: Residential
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- New construction: No
- Year built: 1905
Utilities & green energy
- Sewer: Public Sewer
Community & HOA
Community
- Subdivision: None
Location
- Region: Freehold
Financial & listing details
- Price per square foot: $373/sqft
- Tax assessed value: $695,300
- Annual tax amount: $13,941
- Date on market: 2/18/2026
- Tenant pays: Hot Water
Estimated market value
$991,100
$942,000 - $1.04M
$2,401/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/18/2026 | Listed for sale | $999,000+53.7%$373/sqft |
Source: | ||
| 2/9/2024 | Sold | $650,000-12%$243/sqft |
Source: | ||
| 1/4/2024 | Pending sale | $739,000$276/sqft |
Source: | ||
| 12/16/2023 | Listing removed | -- |
Source: | ||
| 12/14/2023 | Listed for sale | $739,000$276/sqft |
Source: | ||
| 12/1/2023 | Pending sale | $739,000$276/sqft |
Source: | ||
| 11/15/2023 | Listed for sale | $739,000+30.8%$276/sqft |
Source: | ||
| 7/30/2021 | Sold | $565,000+42.5%$211/sqft |
Source: | ||
| 1/22/2020 | Listing removed | -- |
Source: Auction.com Report a problem | ||
| 12/14/2019 | Price change | $396,3600%$148/sqft |
Source: Auction.com Report a problem | ||
| 12/8/2019 | Price change | $396,3900%$148/sqft |
Source: Auction.com Report a problem | ||
| 12/4/2019 | Price change | $396,391+17.6%$148/sqft |
Source: Auction.com Report a problem | ||
| 12/1/2019 | Price change | $336,976-0.4%$126/sqft |
Source: Auction.com Report a problem | ||
| 11/27/2019 | Price change | $338,224-0.1%$126/sqft |
Source: Auction.com Report a problem | ||
| 11/25/2019 | Price change | $338,484-0.2%$126/sqft |
Source: Auction.com Report a problem | ||
| 11/23/2019 | Price change | $339,037-0.4%$127/sqft |
Source: Auction.com Report a problem | ||
| 11/19/2019 | Price change | $340,3790%$127/sqft |
Source: Auction.com Report a problem | ||
| 11/18/2019 | Price change | $340,455-0.7%$127/sqft |
Source: Auction.com Report a problem | ||
| 11/14/2019 | Price change | $342,792-0.1%$128/sqft |
Source: Auction.com Report a problem | ||
| 11/11/2019 | Price change | $343,059+0.1%$128/sqft |
Source: Auction.com Report a problem | ||
| 11/10/2019 | Price change | $342,6230%$128/sqft |
Source: Auction.com Report a problem | ||
| 11/9/2019 | Price change | $342,677+0.1%$128/sqft |
Source: Auction.com Report a problem | ||
| 11/6/2019 | Price change | $342,350+0.2%$128/sqft |
Source: Auction.com Report a problem | ||
| 11/4/2019 | Price change | $341,822-0.2%$128/sqft |
Source: Auction.com Report a problem | ||
| 11/1/2019 | Price change | $342,532+1.6%$128/sqft |
Source: Auction.com Report a problem | ||
| 10/29/2019 | Price change | $337,141-0.1%$126/sqft |
Source: Auction.com Report a problem | ||
| 10/27/2019 | Listed for sale | $337,612-28.2%$126/sqft |
Source: Auction.com Report a problem | ||
| 8/8/2005 | Sold | $470,000$175/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,955 -4.6% | $695,300 -4.6% |
| 2024 | $14,623 -1.2% | $728,600 +3.2% |
| 2023 | $14,801 +12.3% | $705,800 +26.3% |
| 2022 | $13,176 +30.9% | $559,000 +45.6% |
| 2021 | $10,067 +4.3% | $383,800 +3.3% |
| 2020 | $9,649 -0.7% | $371,700 +2.1% |
| 2019 | $9,713 | $364,100 +1.3% |
| 2018 | $9,713 +2.2% | $359,600 +0.9% |
| 2017 | $9,502 +3.9% | $356,500 -0.4% |
| 2016 | $9,145 +4.8% | $357,900 -0.8% |
| 2015 | $8,730 +3.2% | $360,900 |
| 2014 | $8,456 +0.7% | $360,900 |
| 2013 | $8,395 +0.7% | $360,900 |
| 2012 | $8,337 +2.8% | $360,900 |
| 2011 | $8,106 +1.8% | $360,900 |
| 2010 | $7,965 +3.8% | $360,900 |
| 2009 | $7,676 | $360,900 |
| 2008 | -- | $360,900 |
| 2007 | -- | $360,900 |
| 2006 | -- | $360,900 |
| 2005 | -- | $360,900 +157.4% |
| 2003 | -- | $140,200 |
| 2002 | -- | $140,200 |
| 2001 | -- | $140,200 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$6,009/mo
Principal & interest
$4702
Property taxes
$1307
Climate risks
Neighborhood: 07728
Nearby schools
GreatSchools rating
- NAFreehold Learning Center Elementary SchoolGrades: PK-3Distance: 0.5 mi
- 4/10Intermediate SchoolGrades: 6-8Distance: 1 mi
- 5/10Freehold Borough High SchoolGrades: 9-12Distance: 0.4 mi
Schools provided by the listing agent
- Middle: Freehold
Source: MoreMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Local experts in 07728
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