NJ
WARREN
PHILLIPSBURG
08865
941 LEE AVENUE
941 LEE AVENUE, PHILLIPSBURG, NJ 08865
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Listing Type
Multi Family
Listing Status
Active Under Contract
14
$299,000

Home Details for 941 LEE AVENUE

Price
$299,000
Type
Residential Income
Bedrooms
4
Bathrooms
Square feet
1960
Year built
1900
Lot size acres
0.1
County
WARREN
Garage
Basement
Exterior Entry, Unfinished
Days on site
30
MLS Listing#
NJWR2000504
Property Description

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.

Property Features
  • Heating Information
    • Natural Gas
    • Forced Air
    • Zoned
  • Basement
    • Exterior Entry
    • Unfinished
  • Cooling Information
    • None
  • Water Features
    • Public
  • Parking
    • On Street
Listing Courtesy: River Valley Realty, LLC - 609-397-3007
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which EXIT Realty participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright ©2026 Bright MLS. All rights reserved.
Last Updated: 2026-02-12 20:51:38
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EXIT REALTY JERSEY SHORE
2029 Route 37 East, Toms River, NJ 08753
Rosemarie McGeehan
License #: 0679931
Associate Broker
Office
732 573 1550
Agent
732 740 9519
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