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Listing Details

314 S Main St,Phillipsburg Town, NJ 08865-2824

  • March 24, 2026

Description

Updated and well-maintained mixed-use commercial property in Phillipsburg. Features 3 units including a storefront and two residential apartments (2-bedroom unit on the second floor and 3-bedroom unit on the third floor). All units have separate meters, with tenants responsible for all utilities including water/sewer. Natural gas heat and central air in each unit. Property offers 3 off-street parking spaces in the rear and is a low-maintenance, turnkey investment opportunity that’s fully rented and income producing. Conveniently located within walking distance to Shappell Park, shops & restaurants. Per seller, property underwent a major renovation between 2006″2008 including updates to plumbing, electric, HVAC, roof, and more. Buyer responsible to verify all information. Property being sold strictly as-is.

Details

Last Updated On: March 24th, 2026 at 11:25 pm
Property ID:PT-33022083-AXZR
Offer Type:For Multi Family
Property Type:Multi-Family
Price: 459,000 $
Bedrooms:5
Year Built:1900

Additional Details

Listing Details

Status: Active

Location

County: Warren
Lotsize: .052 ACRE
Lot Identifier: 10
Lot Description: Corner
Lot Identifier: 10

Home Details

Open Parking: 3
Basement: Yes
Renovated: 2017
Basmnt/Desc: Yes - Unfinished, Walkout
Acreage: 0.05
Total Baths: 4.00
Unit Style: 3-Three Story
Number of Units: 3
Rooms: 11
Easement/Desc: Unknown
Exterior Description: Vertical Siding, Wood
Roof Description: Rubberized
Possesion: pot
Unit 1 Appliances/Equipment: Carbon Monoxide Detector, Fire Alarm System
Unit 1 Levels: 1
Unit 1 Rooms: 2
Unit 1 Baths: 2.0
Unit 1 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Unit 1 Handicap: No
Unit 1 SqFt: 1100
Unit 1 Rent: 1100
Unit 2 Appliances/Equipment: Carbon Monoxide Detector, Dryer, Range/Oven - Electric, Washer
Unit 2 Levels: 2
Unit 2 Rooms: 4
Unit 2 Beds: 2
Unit 2 Baths: 1.0
Unit 2 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Unit 2 Handicap: No
Unit 2 SqFt: 1300
Unit 2 Rent: 1615
Unit 2 Room Description: Bedrooms, Living/Dining Room, Master Bedroom
Unit 3 Appliances/Equipment: Carbon Monoxide Detector, Range/Oven - Electric
Unit 3 Levels: 1
Unit 3 Rooms: 5
Unit 3 Beds: 3
Unit 3 Baths: 1.0
Unit 3 Owner/Tenant Pays: Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Unit 3 Handicap: No
Unit 3 SqFt: 1100
Unit 3 Rent: 1525
Unit 3 Room Description: Bedrooms, Eat-In Kitchen, Living Room, Master Bedroom
Block Identifier: 1503
County Number: 30
Town Number: 3019
YB/Desc: 1900 - Approximate
Easement: Unknown
Parking/Driveway Description: 2 Car Width
Block Identifier: 1503
County Number: 30
Town Number: 3019
Possession: pot

Taxes, Fees & Assessments

Gross Operating Income: 50880
Net Operating Income: 38184
Expense Include: Taxes
Warranty: No
Tax ID For Property: 3019-01503-0000-00010-0000-
Tax Amount: $8,452.00
Tax Year: 2025
Tax Rate: 4.675%
Tax Rate Year: 2025
Farm Assessment: No
Land Assessment: $52,500.00
Building Assessment: $128,300.00
Total Assessment: $180,800.00
FHA Age Restricted: No

Utilities

Water Heater: Electric
Heat Source: Electric, Gas-Natural
Heat System: 3 Units, Forced Hot Air
Cool System: 3 Units, Central Air
Water: Public Water
Sewer: Public Sewer
Utilities: Electric, Gas-Natural

Features

  • Carbon Monoxide Detector
  • Carpeting

Statistics

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