941 Lee Avenue, PHILLIPSBURG, NJ 08865 (MLS # NJWR2000504)
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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.
| DAYS ON MARKET | 6 | LAST UPDATED | 1/30/2026 |
|---|---|---|---|
| YEAR BUILT | 1900 | COMMUNITY | Alpha Boro (22102) |
| COUNTY | WARREN | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| School District | ALPHA PUBLIC SCHOOLS |
|---|
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | Gas Oven, Gas Range, Gas Water Heater |
| AREA | Alpha Boro (22102) |
| BASEMENT | Exterior Entry, Unfinished, Yes |
| CONSTRUCTION | Aluminum Siding, Brick |
| HEAT | Forced Air, Natural Gas, Zoned |
| LOT | 4356 sq ft |
| LOT DESCRIPTION | Corner Lot |
| PARKING | On Street |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STYLE | Colonial, Other |
| TAXES | 7557 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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