Under contract

Price cut: $10.9K (8/20)

$329,000

62 Summit Ave, Phillipsburg Town, NJ 08865

5beds

990sqft

$2,616/mo

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Multi Family

Built in 1900

-- sqft lot

$329,500 Zestimate^®

$332/sqft

$-- HOA

What's special

Spacious second-floor unitCorner lot

Located near a variety of everyday conveniences, this property offers easy access to shopping centers, local restaurants, parks, schools, and public transportation, making it an attractive option for both homeowners and tenants. Great investment opportunity! Well-maintained under/over multifamily property located on a corner lot at 62 Summit Ave. First-floor unit is currently tenant occupied, offering immediate rental income, while the spacious second-floor unit is ready for a new owner or tenant and features access to a walk-up attic for additional storage or potential flex space. Property includes 2 rear parking spaces. Conveniently located near shopping, dining, transportation, and local amenities. Property is being sold strictly as-is. Seller will offer no repairs or credits. Buyer responsible for all municipal/state certificates, inspections, and tests required to close.

49 days
333
16

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 2
Full bathrooms: 2

Heating

Radiators - Hot Water, Natural Gas

Appliances

Included: See Remarks, Range/Oven - Gas, Refrigerator

Features

See Remarks
Basement: Yes,Unfinished
Has fireplace: No

Interior area

Total structure area: 990
Total interior livable area: 990 sqft

Property

Parking

Total spaces: 2
Parking features: 2 Car Width, Off Street, On Street
Uncovered spaces: 2

Lot

Size: 2,613 Square Feet
Dimensions: .055 ACRE
Features: Corner Lot

Details

Parcel number: 3019008100000000410000

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Composition Siding
Roof: Asphalt Shingle

Condition

Year built: 1900

Utilities & green energy

Gas: Gas-Natural
Sewer: Public Sewer
Water: Public
Utilities for property: Natural Gas Connected

Community & HOA

Location

Region: Phillipsburg

Financial & listing details

Price per square foot: $332/sqft
Tax assessed value: $126,200
Annual tax amount: $5,899
Date on market: 8/20/2026
Total actual rent: 1400
Tenant pays: Electricity, Gas, Tenant Pays Heat, Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Water

Estimated market value

$329,500

$313,000 - $346,000

$1,986/mo

Price history

Date	Event	Price
10/6/2026	Pending sale	$329,000$332/sqft
Source: GSMLS #4047966 Report a problem
8/20/2026	Price change	$329,000-3.2%$332/sqft
Source: GSMLS #4047966 Report a problem
6/11/2026	Price change	$339,900-2.9%$343/sqft
Source: GSMLS #4030727 Report a problem
5/28/2026	Listed for sale	$349,900+71.5%$353/sqft
Source: GSMLS #4030727 Report a problem
4/24/2024	Sold	$204,000+20%$206/sqft
Source: Public Record Report a problem
2/6/2020	Sold	$170,000-5.5%$172/sqft
Source: GSMLS #3586719 Report a problem
11/19/2019	Price change	$179,900+2.9%$182/sqft
Source: Weichert Realtors #3586719 Report a problem
11/13/2019	Listed for sale	$174,900$177/sqft
Source: Weichert Realtors #3586719 Report a problem
10/2/2019	Listing removed	$174,900$177/sqft
Source: Weichert Realtors #3586719 Report a problem
9/11/2019	Listed for sale	$174,900+24.9%$177/sqft
Source: Weichert Realtors #3586719 Report a problem
5/25/2018	Listing removed	$925$1/sqft
Source: Zillow Rental Manager Report a problem
4/19/2018	Price change	$925-2.6%$1/sqft
Source: Zillow Rental Manager Report a problem
4/12/2018	Listed for rent	$950-13.6%$1/sqft
Source: Zillow Rental Manager Report a problem
9/3/2017	Listing removed	$1,100$1/sqft
Source: Phillipsburg Management LLC Report a problem
8/24/2017	Price change	$1,100-8.3%$1/sqft
Source: Phillipsburg Management LLC Report a problem
7/14/2017	Listed for rent	$1,200+29.7%$1/sqft
Source: Zillow Rental Manager Report a problem
1/17/2016	Listing removed	$925$1/sqft
Source: Weichert Realtors #3271219 Report a problem
12/17/2015	Listed for rent	$925$1/sqft
Source: Weichert Realtors #3271219 Report a problem
7/26/2004	Sold	$140,000$141/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2026	$5,900 +2.9%	$126,200
2025	$5,736	$126,200
2024	$5,736 +8.3%	$126,200
2023	$5,295 +3%	$126,200
2022	$5,140 +0.8%	$126,200
2021	$5,101 +0.7%	$126,200
2020	$5,067 +0.9%	$126,200
2019	$5,024 +0.5%	$126,200
2018	$5,001 +1.6%	$126,200
2017	$4,924 +0.8%	$126,200
2016	$4,886 +3.4%	$126,200
2015	$4,727 +8.8%	$126,200
2014	$4,345 +5.1%	$126,200 -19.8%
2012	$4,132 +2.4%	$157,300
2011	$4,035 +13.2%	$157,300
2010	$3,566 +2.7%	$157,300 +81%
2009	$3,471 +6.8%	$86,900
2008	$3,250 +8.4%	$86,900
2007	$2,998 +3.9%	$86,900
2006	$2,885 +10.7%	$86,900
2005	$2,607 -4.5%	$86,900
2004	$2,729	$86,900
2003	--	$86,900
2002	--	$86,900
2001	--	$86,900