122 Summit Ave Phillipsburg, NJ $ 369,900
122 Summit Ave
$ 369,900
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122 Summit Ave

Phillipsburg, NJ, 08865
$ 369,900
Bedrooms5 Baths2.0

Monthly Estimate*

$ 2,336

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Multi-Family Home for sale in Phillipsburg, NJ

for $369,900 with 5 bedrooms and 2 full baths. This home was built in 1920 on a lot size of 0.06.

Excellent opportunity to own a fully occupied two-family property in Phillipsburg! This updated property features a spacious 2-bedroom, 1-bath first-floor apartment and a very large 3-bedroom and 1 bath second-floor apartment. Both spaces offering layouts with lasting tenant appeal. Both units feature luxury vinyl plank flooring, providing a modern, durable finish. The first-floor apartment includes basement laundry, a covered rear patio, shared backyard, and off-street parking. The second-floor apartment offers a bright living and dining room combination, a functional galley-style kitchen with access to a covered second-floor deck, an updated bathroom with modern finishes, and an off-street parking space. Both tenants pay their own utilities, helping to minimize owner expenses. Conveniently located near shopping, dining, schools, and major commuting routes, this income-producing property presents an outstanding opportunity to generate immediate rental income. Schedule your appointment today!

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Multi-Family Active

Price

$ 369,900

Bedrooms

5

Full Bath

2

Property Type

Multi-Family

Taxes

$ 7,031

Style

Under/Over

Lot Size

0.06

Year Built

1920

Town/City

Phillipsburg

County/Region

Warren

MLS | Web ID

4045620

Features
Interior
Interior Amenities Carbon Monoxide Detector Fire Extinguisher Smoke Detector
Basement Unfinished
Unit 1 Baths Total 1.0
Unit 1 Beds Total 2
Unit 2 Baths Total 1.0
Unit 2 Beds Total 3
Fuel Type Gas-Natural
Half Baths 0
Total Bedrooms 5
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General
Sewer Public Sewer
Heating 1 Unit
Cooling None
Utilities Electric Gas-Natural
Possession Negotiable
Roof Asphalt Shingle
Zoning R-50
Architectural Style Under/Over
Exclusions Tenant personal property
Year Built 1920
Township Phillipsburg Town
Tax Year 2025
Gross Income 42240
County Warren
Net Operating Income 35209
Operating Expense 7031
Subdivision Name Not in a Development
Total Rooms 12
Full Baths 2
Status Active
Directions From Rt 78 take exit 3 towards Phillipsburg L on Morris St ramp L on Morris make hard R on Summit. 122 Summit is on the Left
High School PHILIPSBRG
Open Parking Spaces 2
Number Of Units Total 2
Tax Annual Amount 7031
Home Warranty Y/N No
Drive Blacktop Off-Street Parking On-Street Parking
Standard Status Active
Tax Assessed Value 150400
Town # 3019
Tax Lot 18
Farm Assessment No
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Exterior
Exterior Amenities Curbs Open Porch(es) Patio Sidewalk
Lot Features Level Lot
Water Source Public Water
Exterior Description Aluminum Siding
Lot Dimensions .063 ACRE
Lot Size Acres 0.06
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* Excluded Features
List By
ASHLEY CARRIGAN

Listing Agent

Keller Williams Real Estate

Broker

Affordability Calculator

$2,922
Per Month
80%
20%
0%
Monthly Principal & Interest
$2,336
Monthly Property Taxes
$586
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
290829 Elementary School
289097 Middle School
Philipsbrg High School High School
Pricing History
DatePricePrice ChangeDescription
8/7/2026$369,900 Listed Price

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122 Summit Ave, Phillipsburg, NJ, 08865 is a Multi-Family Home for sale at $369,900 with a lot size of 0.06. 122 Summit Ave has 5 bedrooms, 2.0 baths, and was built in 1920. The property's zip code is 08865 which is in Phillipsburg, NJ