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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$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 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.
Full Property Details
Full Property Details for 941 Lee Ave
General
- Price: $299,000
- Taxes: $7,557 (2025)
- Status: Active
- Type: Triplex
- Source: BrightMLSTriStates
- MLS ID: NJWR2000504
- Updated: 1/30/2026
- Added to Site: 1 day(s) ago
Interior
- Appliances: Refrigerator
Parking
- Parking Type: On Street
Location
- Area: Alpha Boro (22102)
- Municipality: ALPHA BORO
- 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.
School Information
- School District: Alpha Public Schools
Heating & Cooling
- Cooling Type: None
- Heating Type: Forced Air, Zoned
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Architectural Style: Colonial, Other
- Structure Type: Other
- Construction: Aluminum Siding, Brick
- Basement: Yes
- Basement Entrance: Yes
- Basement Desc.: Outside Entrance, Unfinished
- Square Feet: 1,960
- Sq. Ft. Source: Estimated
- Living Area: 1,960 Sq. Ft.
- Finished Above Grnd: 1,960 Sq. Ft.
- Year Built: 1900
- Year Built Source: Estimated
Unit Information
- 1 Bedroom Units: 1
- 3 Bedroom Units: 1
Lot Features
- Lot Size (Acres): 0.1
- Lot Size (Sq. Ft.): 4,356
- Lot Size Source: Estimated
- Lot Features: Corner
- Zoning: B-4
- Lot Description: Corner
Financial Considerations
- Price Per Sq. Ft.: $152.55
- Tax w/Assessment: $207,400
- Tax Amount: $7,557
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Exclusions: Window A/C Units, Washer/Dryers
- Inclusions: Oven/Range, Refrigerator
Listed by River Valley Realty, LLC, Lindsey Tilton
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Listing agent
— 941 Lee Ave —
Lindsey Tilton
River Valley Realty, LLC
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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- Multi-Family
- Active
- Updated 5 hours ago
- 5Total Beds
Listed by River Valley Realty Llc
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- Single Family
- Active
- Updated 2 days ago
- 4Beds
- 3Total Baths
Listed by Weichert Realtors
- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 2Total Baths
- 1,689Sq. Ft.
Listed by Your Town Realty
- Single Family
- Active
- Updated 2 days ago
- 4Beds
- 3Total Baths
- 3,137Sq. Ft.
- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 4Total Baths
- 5,000Sq. Ft.
Listed by Turpin Real Estate, Inc.
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- Single Family
- Closed
- 2Beds
Listed by Weichert Realtors
Sold by Kistle Realty, Llc.
Sold by Kistle Realty, Llc.
- Single Family
- Closed
- 3Beds
Listed by Re/Max Supreme
Sold by Weichert Realtors
Sold by Weichert Realtors
- Single Family
- Closed
- 3Beds
Listed by SMIRES & ASSOCIATES
Sold by Patricia Johnson
Sold by Patricia Johnson
941 Lee Avenue, Phillipsburg, NJ 08865 (MLS# NJWR2000504) is a Triplex property with 0 bedrooms and 0 full bathrooms. 941 Lee Avenue is currently listed for $299,000 and was received on January 30, 2026. Want to learn more about 941 Lee Avenue? Do you have questions about finding other Triplex real estate for sale in Phillipsburg? You can browse all Phillipsburg real estate or contact a Coldwell Banker agent to request more information.