122 Summit Ave

Phillipsburg Town, NJ 08865


 

Price: $369,900

GSMLS:  4045620
Type: Multi-Family
Style: Under/Over
Total Units: 2
Beds: 5
Baths: 2 Full
Garage: No
Year Built: 1920
Acres: 0.06
Property Tax: $7,031
Description
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!
General Info
Style:
Under/Over
SqFt Building:
n/a
Total Rooms:
12
Basement:
Yes - Unfinished
Interior:
Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
Roof:
Asphalt Shingle
Exterior:
Aluminum Siding
Lot Size:
n/a
Lot Desc:
Level Lot
Parking
Garage Capacity:
No
Description:
n/a
Parking:
Blacktop, Off-Street Parking, On-Street Parking
Spaces Available:
2
Unit 1
Bedrooms:
2
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Kitchen, Living/Dining Room, Porch
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Dryer, Range/Oven - Gas, Refrigerator, Smoke Detector, Washer
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
1
Total Rooms:
7
Room Description:
Bedrooms, Kitchen, Living/Dining Room, Porch
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Range/Oven - Gas, Smoke Detector
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Handicap:
No
Unit 3
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
1 Unit
Heating Fuel:
Gas-Natural
Cooling:
None
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
PHILIPSBRG
Community Information
County:
Warren
Town:
Phillipsburg Town
Neighborhood:
Not in a Development
Financial Considerations
List Price:
$369,900
Tax Amount:
$7,031
Land Assessment:
$23,300
Build. Assessment:
$127,100
Total Assessment:
$150,400
Tax Rate:
4.68
Tax Year:
2025
Listing Information
MLS ID:
4045620
List Date:
08-07-2026
Days On Market:
2
Listing Broker:
KELLER WILLIAMS REAL ESTATE
Listing Agent:
Ashley Carrigan
 

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Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MorrisCountyLiving.com


RE/MAX

Town & Valley II

211 Route 10 East
Succasunna, NJ 07876
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Shawn and Diane Fox