$330,000
SOLD MAR 12, 2026

941 Lee Ave Phillipsburg, NJ 08865

Studio
-- Bath
1,960 Sq Ft
4,356 Sq Ft Lot Lot

Sale Details

Date Sold: March 12, 2026

$168 Per Sq Ft

10% Above List Price

9 on Market

Highlights

  • Colonial Architecture
  • Corner Lot
  • Forced Air Zoned Heating System

About This Home

As of March 2026

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.

Last Agent to Sell the Property

Lindsey Tilton

(609) 397-3007 kim@rivervalleyrealtynj.com River Valley Realty, LLC Brokerage Phone: 6093973007 License #2186522 Listed on: 01/30/2026

Last Buyer's Agent

datacorrect BrightMLS

(844) 552-7444 datacorrect@brightmls.com Non Subscribing Office License #0225194075

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,557

Year Built

  • Built in 1900

Lot Details

  • 4,356 Sq Ft Lot
  • Corner Lot

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Colonial Architecture
  • Brick Exterior Construction
  • Aluminum Siding

Interior Spaces

  • 1,960 Sq Ft Home
  • Unfinished Basement
  • Exterior Basement Entry
  • Gas Oven or Range

Utilities

  • Forced Air Zoned Heating System
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,557

Year Built

Built in 1900

Lot Details

4,356 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Triplex
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Exclusions: Window A/C Units, Washer/Dryers, Refrigerator
  • Inclusions: Oven/Range
  • New Construction: No
  • Year Built: 1900
  • Automatically Close On Close Date: No
  • Special Features: None

Interior Features

  • Appliances: Oven/Range - Gas
  • Fireplace: No
  • Basement: Yes
  • Basement Type: Outside Entrance, Unfinished
  • Total Sq Ft: 1960
  • Living Area Sq Ft: 1960
  • Price Per Sq Ft: 152.55
  • Above Grade Finished Sq Ft: 1960
  • Above Grade Finished Area Units: Square Feet

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Aluminum Siding, Brick
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air, Zoned
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District Source: Listing Agent

Lot Info

  • Lot Features: Corner
  • Lot Size Acres: 0.10
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4356.00
  • Zoning: B-4

Rental Info

  • Existing Lease Type: Month To Month
  • Units Leased Count: 3
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 7557.00
  • Tax Year: 2025

MLS Schools

  • School District Name: ALPHA PUBLIC SCHOOLS
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/12/2026 03/12/26 Sold $330,000 +10.4% $168 / Sq Ft
02/08/2026 02/08/26 Pending -- -- --
01/30/2026 01/30/26 For Sale $299,000 -- $153 / Sq Ft
Source: Bright MLS

Agents Affiliated with this Home

  • L

    Seller's Agent in 2026

    Lindsey Tilton

    River Valley Realty, LLC

    (609) 397-3007

    2 in this area

    18 Total Sales

    Lindsey Tilton
    Section Image
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Map

Source: Bright MLS

MLS Number: NJWR2000504

Bright MLS

APN: 02 00035-0000-00007

New Jersey Warren County Phillipsburg 08865

941 Lee Ave, Phillipsburg, NJ

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