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    343 Thomas St Phillipsburg, NJ 08865

    New
    Pending
    For Sale
    $359,000

    2-Two Story, Triplex, Multi-Family - Phillipsburg Town, NJ

    Lot size:
    0.07 Acres
    Days on Market:
    6
    Last Refresh:
    Dec 7 at 4:06 am

    Property Features for 343 Thomas St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    R-50
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Kitchen, Living Room, Master Bedroom
    Bedrooms
    4
    Bathrooms
    3
    Patio and Porch features
    Patio, Porch
    Interior features
    Carbon Monoxide Detector, Carpeting, Smoke Detector, Tile Floors, Vinyl-Linoleum Floors, Wood Floors
    Exterior features
    Curbs, Open Porch(es), Patio, Sidewalk, Thermal Windows/Doors
    Basement Y/N
    1
    Appliances
    Oven - Gas, Range
    Lot size
    0.07 Acres

    Utilities

    Heating system
    Hot Water (Heating), Other (Heating)
    Cooling system
    Ceiling Fan(s)

    Building Details

    Year built
    1927
    Number of units
    3
    Building materials
    Brick
    Roof type
    Slate
    Architectural style
    Other

    RE/MAX Heritage Properties (908) 433-9297 [email protected]

    Listing agent JOSEPH NESBIHAL (908) 433-9297

    Listing date Dec 2, 2025

    MLS# 3997045 Listing URL

    Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Phillipsburg Town Triplex Opportunity

    This is a chance to own a three-family, fully rented, income-generating property located in the Purcell Hill section of Phillipsburg Town, NJ. The all-brick home has been well maintained. The property has been owned by the original father and son for over 100 years. Each tenant pays their own electric bill. The property features a first-floor studio, a first-floor one-bedroom apartment, and a second-floor two-bedroom apartment. The property is zoned R-50 and sits on a 0.07-acre lot. Investors can expect a cap rate of 8.16 at the listing price.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Phillipsburg
    County
    Warren
    State
    New Jersey
    Longitude
    -75.17736
    Latitude
    40.68597

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    FAQs

    What type of property is this?
    Triplex - Fully rented, income-generating three-family property in Phillipsburg Town, NJ.
    Where is this triplex located?
    The property is located at 343 Thomas St Phillipsburg, NJ.
    What is the asking price?
    The asking price for this property is $359,000.
    What are key features of this property?
    This property features: - Income-generating 3-family property, fully rented; - Impressive Cap Rate of 8.16 at listing price; - All brick construction
    (908) 433-9297
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    343 Thomas St Phillipsburg, NJ 08865
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    Phillipsburg, NJ 08865
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    343 Thomas St Phillipsburg, NJ 08865
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