941 Lee Ave Alpha, NJ $ 299,000
941 Lee Ave
$ 299,000
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941 Lee Ave

Alpha, NJ, 08865
$ 299,000
Bedrooms5 Baths3.0

Monthly Estimate*

$ 1,841

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Multi-Family Home for sale in Alpha, NJ

for $299,000 with 5 bedrooms and 3 full baths. This home was built in 1900.

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.

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Multi-Family Active

Price

$ 299,000

Bedrooms

5

Full Bath

3

Property Type

Multi-Family

Taxes

$ 7,557

Style

Triplex

Year Built

1900

Town/City

Alpha

County/Region

Warren

MLS | Web ID

4007546

Features
General
Sewer Public Sewer
Heating 3 Units
Cooling None
Utilities Electric Gas-Natural
Possession POT
Roof Asphalt Shingle
Water Heater Gas
Architectural Style Triplex
Exclusions Window A/C Units Washer/Dryers
Year Built 1900
Township Alpha Boro
Tax Year 2024
Gross Income 0
County Warren
Net Operating Income 0
Operating Expense 0
Total Rooms 13
Full Baths 3
Status Active
Directions Route 22 to New Brunswick Ave. Left on Hawk Ave continue onto 3rd Ave Right on High St. Left onto Lee Avenue.
Open Parking Spaces 0
Number Of Units Total 3
Tax Annual Amount 7557
Drive On-Street Parking
Standard Status Active
Tax Assessed Value 207400
Town # 3002
Tax Lot 7
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Interior
Basement Bilco-Style Door Unfinished
Unit 1 Baths Total 1.0
Unit 1 Beds Total 1
Unit 2 Baths Total 1.0
Unit 2 Beds Total 1
Unit 3 Baths Total 1.0
Unit 3 Beds Total 3
Fuel Type Electric Gas-Natural
Half Baths 0
Total Bedrooms 5
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Exterior
Exterior Amenities Open Porch(es)
Lot Features Corner
Water Source Public Water
Exterior Description Aluminum Siding Brick
Lot Dimensions 0.10 40X114 IRREG.
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* Excluded Features
List By
LINDSEY TILTON

Listing Agent

River Valley Realty Llc

Broker

Affordability Calculator

$2,471
Per Month
75%
25%
0%
Monthly Principal & Interest
$1,841
Monthly Property Taxes
$630
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/31/2026$299,000 Listed Price

Map


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941 Lee Ave, Alpha, NJ, 08865 is a Multi-Family Home for sale at $299,000. 941 Lee Ave has 5 bedrooms, 3.0 baths, and was built in 1900. The property's zip code is 08865 which is in Alpha, NJ