$ 299,000
-
$299,000
Price -
4
Bed -
0
Bath -
1,960
SqFt
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About the Listing RVRVLYRE - 3363174
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.
Listing Highlights
Status
Active
Days on Site
3
Property Type
Multi-Family
MLS ®
NJWR2000504
Year Built
1900
Total Square Footage
1,960
Lot/Acreage
0.1
Interior Details
- Bedrooms: 4
- Bathrooms: 0 Full
- Appliances: Refrigerator
- Air Cond:
- Heating: Forced Air,Zoned
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1960
- Below Ground Sq Ft: n/a
- Basement: Outside Entrance,Unfinished
- Other:
- Water: Public
Exterior Details
- Lot Description: Corner,Not New Construction,Horse Property: No
- Garage Capacity: N/A
- Zoning: B-4
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: On Street
Financial Details
- Tax Amount: $7,557
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: 2025
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
941 Lee Ave Phillipsburg, NJ 08865
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