941 Lee Ave, Phillipsburg, NJ 08865

Local realty services provided by:Better Homes and Gardens Real Estate Cassidon Realty
941 Lee Ave,Phillipsburg, NJ 08865
$299,000
  • 4 Beds
  • - Baths
  • 1,960 sq. ft.
  • Multi-family
  • Pending
Listed by: lindsey tilton
Office: river valley realty, llc.
MLS#:NJWR2000504
Source:BRIGHTMLS

Price summary

  • Price:$299,000
  • Price per sq. ft.:$152.55

About this home

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

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Home facts

  • Year built:1900
  • Listing ID #:NJWR2000504
  • Added:13 day(s) ago
  • Updated:February 13, 2026 at 03:33 AM

Rooms and interior

  • Bedrooms:4
  • Living area:1,960 sq. ft.

Heating and cooling

  • Heating:Forced Air, Natural Gas, Zoned

Structure and exterior

  • Year built:1900
  • Building area:1,960 sq. ft.
  • Lot area:0.1 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$299,000
  • Price per sq. ft.:$152.55
  • Tax amount:$7,557 (2025)

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