122 Summit Ave Phillipsburg, NJ 08865
Phillipsburg AreaEstimated payment $2,619/month
Highlights
- Porch
- Patio
- Level Lot
About This Home
Excellent opportunity to own a fully occupied two-family property in Phillipsburg! This updated property features a spacious 2-bedroom, 1-bath first-floor apartment and a very large 3-bedroom and 1 bath second-floor apartment. Both spaces offering layouts with lasting tenant appeal. Both units feature luxury vinyl plank flooring, providing a modern, durable finish. The first-floor apartment includes basement laundry, a covered rear patio, shared backyard, and off-street parking. The second-floor apartment offers a bright living and dining room combination, a functional galley-style kitchen with access to a covered second-floor deck, an updated bathroom with modern finishes, and an off-street parking space. Both tenants pay their own utilities, helping to minimize owner expenses. Conveniently located near shopping, dining, schools, and major commuting routes, this income-producing property presents an outstanding opportunity to generate immediate rental income. Schedule your appointment today!
Listing Agent
KELLER WILLIAMS REAL ESTATE Brokerage Phone: 610-867-8888 Listed on: 08/07/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,031
Year Built
- Built in 1920
Lot Details
- 2,614 Sq Ft Lot
- Level Lot
Home Design
- Asphalt Shingled Roof
- Aluminum Siding
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Full Bathrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Parking
- 2 Parking Spaces
- On-Street Parking
- Off-Street Parking
Outdoor Features
- Patio
- Porch
Schools
- Philipsbrg High School
Utilities
- Standard Electricity
Additional Features
- Unfinished Basement
Community Details
- Net Operating Income $33,429
Listing and Financial Details
- Assessor Parcel Number 3019-00810-0000-00018-0000-
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $7,031 | $150,400 | $23,300 | $127,100 |
| 2025 | $6,836 | $150,400 | $23,300 | $127,100 |
| 2024 | $6,311 | $150,400 | $23,300 | $127,100 |
| 2023 | $5,824 | $150,400 | $23,300 | $127,100 |
| 2022 | $5,824 | $140,400 | $23,300 | $117,100 |
| 2021 | $5,718 | $140,400 | $23,300 | $117,100 |
| 2020 | $5,675 | $140,400 | $23,300 | $117,100 |
| 2019 | $5,589 | $140,400 | $23,300 | $117,100 |
| 2018 | $5,589 | $140,400 | $23,300 | $117,100 |
| 2017 | $5,564 | $140,400 | $23,300 | $117,100 |
| 2016 | $5,478 | $140,400 | $23,300 | $117,100 |
| 2015 | $5,436 | $140,400 | $23,300 | $117,100 |
| 2014 | $5,259 | $140,400 | $23,300 | $117,100 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/07/2026 08/07/26 | For Sale | $369,900 | 0.0% | -- | |
| 03/25/2023 03/25/23 | Rented | $1,350 | 0.0% | -- | |
| 12/11/2022 12/11/22 | For Rent | $1,350 | 0.0% | -- | |
| 01/28/2022 01/28/22 | Sold | $232,000 | +3.1% | -- | View Prior Sale |
| 12/03/2021 12/03/21 | Pending | -- | -- | -- | |
| 11/18/2021 11/18/21 | For Sale | $225,000 | +80.0% | -- | |
| 09/23/2020 09/23/20 | Sold | $125,000 | -13.2% | -- | View Prior Sale |
| 08/31/2020 08/31/20 | Pending | -- | -- | -- | |
| 08/18/2020 08/18/20 | For Sale | $144,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | New Title Company Name | |
| Deed | $232,000 | Fidelity National Title | |
| Warranty Deed | $125,000 | Old Republic Natl Ttl Ins Co | |
| Deed | $83,000 | Lawyers Title Insurance Corp |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $53,000 | Purchase Money Mortgage |
Source: Garden State MLS
MLS Number: 4045620
APN: 19-00810-0000-00018
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