Date
Details
Price
Change
Source
1/30/2026
Listed
$299,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/14
$299,000 Just Listed
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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 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 & 22, this property combines ease of commuting with the appeal of a close-knit community, making it a smart addition to any investment portfolio.
Full Property Details
Full Property Details for 941 Lee Ave
General
- Price: $299,000
- Taxes: $7,557 (2024)
- Status: Active
- Type: Multi-Family
- Source: Garden_State
- MLS ID: 4007546
- Updated: Today (1/30/2026)
- Added to Site: Today
Interior
- Number of Rooms: 13
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Exterior
- Exterior Features: Open Porch(es)
Location
- County: Warren
- Driving Directions: Route 22 to New Brunswick Ave. Left on Hawk Ave, continue onto 3rd Ave, Right on High St., Left onto Lee Avenue.
Heating & Cooling
- Cooling Type: No Cooling
- Heating Type: 3 Units
- Heating Fuel: Electric, Natural Gas
- Water Heater: Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Natural Gas
Structural Information
- Architectural Style: Triplex
- Exterior Const.: Aluminum Siding, Brick
- Basement: Yes
- Basement Desc.: Bilco-Style Door, Unfinished
- Roof: Asphalt Shingles
- Year Built: 1900
Unit Information
Unit 1
- Unit Description: Kitchen, Master Bedroom, See Remarks
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Unit Description: Kitchen, Living Room, Master Bedroom
- Levels/Stories: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Unit Description: Bedrooms, Kitchen, Living Room
- Levels/Stories: 2
- Total Bathrooms: 1
- Bedrooms: 3
Lot Features
- Lot Dimensions: 0.10 40 x 114 IRREG.
- Driveway/Sidewalk: On-Street Parking
- Lot Description: Corner
Financial Considerations
- Assessment Amount: $138,900
- Land Assmt: $68,500
- Tax Amount: $7,557
- Tax Year: 2024
Disclosures and Reports
- Exclusions: Window A/C Units, Washer/Dryers
- Disclosures: Yes
- Block: 35.01
- Lot Number: 7
Listed by River Valley Realty Llc
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 941 Lee Ave —
River Valley Realty Llc
609-397-3007
NMLS#: 1598647Get Pre-Approved Today
Price & Sales History for 941 Lee Ave
Tax History
Tax History for 941 Lee Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,558
8%
$207,400
—
2022
$7,014
2%
$207,400
—
2021
$6,888
4%
$207,400
—
2019
$6,649
—
$207,400
—
2018
$6,649
—
$207,400
—
2017
$6,616
3%
$207,400
—
2016
$6,436
2%
$207,400
—
2015
$6,297
3%
$207,400
—
2013
$6,129
—
$207,400
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 941 Lee Ave
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Sold by Patricia Johnson
941 Lee Ave, Alpha, NJ 08865 (MLS# 4007546) is a Multi-Family property with 3 units containing 5 bedrooms and 3 full bathrooms. 941 Lee Ave is currently listed for $299,000 and was received on January 30, 2026. Want to learn more about 941 Lee Ave? Do you have questions about finding other Multi-Family real estate for sale in Alpha? You can browse all Alpha real estate or contact a Coldwell Banker agent to request more information.