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941 Lee Ave, 
Phillipsburg, NJ 08865

$299,000


4

Beds


Bath


1,960

Sq Ft


Multi-Family

Active

Listed by

Lindsey Tilton

River Valley Realty, LLC., (609) 397-3007, kim@rivervalleyrealtynj.com

Last updated:

February 8, 2026, 05:31 AM

MLS#

NJWR2000504

Source:

BRIGHTMLS

About This Home

941 Lee Ave

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.

Home Facts

Multi-Family

4 Bedrooms

Built in 1900

Price Summary

299,000

$152 per Sq. Ft.

MLS #:

NJWR2000504

Last Updated:

February 8, 2026, 05:31 AM

Added:

10 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

4


Structure

Structure

Architectural Style:

Colonial

Building Area:

1,960 Sq. Ft.

Year Built:

1900


Lot

Lot Size (Sq. Ft):

4,356


Finances & Disclosures

Finances

Price:

$299,000

Price per Sq. Ft:

$152 per Sq. Ft.

Source:BRIGHTMLS
The information being provided by Bright Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Bright Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.