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    • $369,900

    122 Summit Ave, Phillipsburg Town, NJ 08865

    5beds
    --sqft
    : 
    $2,713/mo
    Get pre-qualified
    Multi Family
    Built in 1920
    -- sqft lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    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!
    16 days
    |
    747
    |
    56
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Ashley Carrigan 610-867-8888,

    Keller Williams Real Estate

    Source: GSMLS,MLS#: 4045620MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • 1 Unit, Natural Gas
      Appliances
      • Included: Dryer, Range/Oven - Gas, Refrigerator, Washer
      Features
      • Bedrooms, Kitchen, Living/Dining Room
      • Basement: Yes,Unfinished
      • Has fireplace: No
      Interior area
      • Total structure area: 0

      Property

      Parking
      • Total spaces: 2
      • Parking features: Asphalt, Off Street, On Street
      • Uncovered spaces: 2
      Features
      • Patio & porch: Open Porch(es), Patio, Porch
      • Exterior features: Curbs, Sidewalk
      Lot
      • Size: 2,613 Square Feet
      • Dimensions: .063 ACRE
      • Features: Level
      Details
      • Parcel number: 3019008100000000180000
      • Zoning description: R-50

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Multi Family
      Materials
      • Aluminum Siding
      • Roof: Asphalt Shingle
      Condition
      • Year built: 1920
      • Major remodel year: 2026

      Utilities & green energy

      • Gas: Gas-Natural
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Electricity Connected, Natural Gas Connected

      Community & HOA

      Community
      • Security: Carbon Monoxide Detector(s), Smoke Detector(s), Carbon Monoxide Detector, Smoke Detector, Fire Extinguisher
      • Subdivision: Not In A Development
      Location
      • Region: Phillipsburg

      Financial & listing details

      • Tax assessed value: $150,400
      • Annual tax amount: $7,031
      • Date on market: 8/7/2026
      • Exclusions: Tenant personal property
      • Total actual rent: 3520
      • Tenant pays: Electricity, Gas, Tenant Pays Heat, Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Water
      • Electric utility on property: Yes

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        8/7/2026Listed for sale$369,900+59.4%
        Source: GSMLS #4045620 Report a problem
        1/28/2022Sold$232,000+3.1%
        Source: GSMLS #3752635 Report a problem
        11/18/2021Listed for sale$225,000+80%
        Source: GSMLS #3752635 Report a problem
        9/23/2020Sold$125,000-13.2%
        Source: GSMLS #3657231 Report a problem
        8/18/2020Listed for sale$144,000+73.5%
        Source: Weichert Realtors #3657231 Report a problem
        10/25/2000Sold$83,000
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$6,836 $150,400
        2024$6,836 +8.3%$150,400
        2023$6,311 +10.4%$150,400 +7.1%
        2022$5,718 +0.8%$140,400
        2021$5,675 +0.7%$140,400
        2020$5,637 +0.9%$140,400
        2019$5,589 +0.5%$140,400
        2018$5,564 +1.6%$140,400
        2017$5,478 +0.8%$140,400
        2016$5,436 +3.4%$140,400
        2015$5,259 +9.7%$140,400
        2014$4,795 +3.3%$140,400 -19.1%
        2013$4,644 +1.8%$173,600
        2012$4,560 +2.4%$173,600
        2011$4,453 +31.7%$173,600
        2010$3,381 +2.7%$173,600 +110.7%
        2009$3,291 +6.8%$82,400
        2008$3,082 +8.4%$82,400
        2007$2,843 +3.9%$82,400
        2006$2,736 +10.7%$82,400
        2005$2,472 -4.5%$82,400
        2004$2,587 $82,400
        2003-- $82,400
        2002-- $82,400
        2001-- $82,400
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 08865

        Getting around

        64 / 100
        Somewhat Walkable
        49 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • High: Philipsbrg

        Source: GSMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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