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Listed price in listed location currency (USD).
$299,000

000

MLS® NJWR2000504

  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size 1960 sqft
Garage No
Taxes $7,557
Days Active 0
Lot Size 0.1 acres
Approx. Age 1900
Avg. Price Per Sqft $152
MLS® Number NJWR2000504

Property Address: 941 Lee Avenue, Phillipsburg, NJ, 08865

Average square foot calculated using Size range provided by listing agent.

Description

A rare triplex investment opportunity in the heart of Alpha Borough, offering both small-town charm and strong income potential. This well-configured multi-family provides flexibility for investors or owner-occupants alike. The first unit is a studio-style one-bedroom with a recently updated full bathroom, offering a solid foundation for future rental appeal. The second unit features a welcoming living space, a comfortable bedroom, and a full bath. The third and largest unit offers three bedrooms and a full bathroom, creating excellent potential for higher rental income. Additional storage is conveniently accessible through an exterior basement entrance, adding functionality for tenants. While some cosmetic TLC remains, the property presents a promising value-add opportunity for buyers looking to enhance rents and maximize returns. Ideally located in Alpha Borough with quick access to Routes 78 and 22, this property combines ease of commuting with the appeal of a close-knit community, making it a smart addition to any investment portfolio.
MLS® NumberNJWR2000504
Laundry Level
Central VacNo
FireplaceNo
Acreage0.1
Exterior
GarageNo
Approx. Age1900
BasementOutside Entrance, Unfinished
DrivewayOn Street
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Oven/Range, Refrigerator

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Jan 31, 2026List Date
$299,000List Price
  • Commute

Commute

Starting Address
Destination Address
941 Lee Avenue, Phillipsburg, NJ

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