Sold

941 Lee Avenue, Phillipsburg, NJ 08865

Beds
4
Sqft
1,960

View property features, location on map, relevant school information and overview from seller's agent.

Listed byRiver Valley Realty, LLC
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Overview

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,

Location

Full feature list

Basic info

Property type
Multi-family
Number of bedrooms
4
Square feet
1,960
Lot size (acres)
0.10
Year built
1900

Interior features

Basement
Yes, Unfinished

Utilities

Heating
Natural gas, Forced air, Zoned
Cooling
None
Sewer
Public sewer
Water
Public

Taxes

Tax Annual Amount (2025)
$7,557

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Bright MLS MLS®#: NJWR2000504 Last checked:

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