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    41-45 Colby Pl Phillipsburg, NJ 08865

    Pending
    For Sale
    $625,000

    Multi-Family, 3-Three Story, Triplex - Phillipsburg Town, NJ

    Property size:
    2,622 SF
    Lot size:
    0.17 Acres
    Days on Market:
    31
    Last Refresh:
    Dec 7 at 12:06 pm

    Property Features for 41-45 Colby Pl

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    Residential
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Dining Room, Kitchen, Laundry, Living Room, Master Bedroom
    Bedrooms
    8
    Bathrooms
    3
    Parking
    3
    Interior features
    Carbon Monoxide Detector, High Ceilings, See Remarks, Smoke Detector
    Exterior features
    Curbs, Sidewalk, Wood Fence
    Fencing
    Fenced, Wood
    Basement Y/N
    1
    Size
    2,622 SF
    Lot size
    0.17 Acres

    Utilities

    Heating system
    Baseboard, Electric (Heating), Hot Water (Heating), See Remarks (Heating), Wall Furnace
    Cooling system
    Multi Units

    Building Details

    Year built
    1900
    Number of units
    3
    Building materials
    Vinyl Siding
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    Keller Williams Real Estate (908) 751-7750 [email protected]

    Listing agent RICHARD SHAFER (908) 751-7750

    Listing date Nov 7, 2025

    MLS# 3992931 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

    Renovated Triplex in Phillipsburg Town

    This fully rented triplex multi-family property is located in the heart of Phillipsburg. Renovated in 2024, the property at 41-43-45 Colby Place features 2,622 square feet of updated living space across three spacious units. Situated on a quiet, private one-way street, this turnkey property blends classic charm with modern convenience. Each unit showcases upgrades such as luxury vinyl plank flooring, new cabinetry and countertops, contemporary finishes, and split-system heating and cooling. The upper-level finished loft adds versatile bonus space. Fully occupied with reliable tenants, this income-producing triplex is generating income from day one with minimal maintenance required. Tenants appreciate the bright interiors, smart layouts, and the peaceful neighborhood setting close to schools, shops, dining, and commuter routes. The property, set on a lot of 0.17 acres, is a smart buy in a growing rental market.
    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 Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Phillipsburg
    County
    Warren
    State
    New Jersey
    Longitude
    -75.18826
    Latitude
    40.69018

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    FAQs

    What type of property is this?
    Triplex - Fully rented, renovated triplex with strong income potential in Phillipsburg.
    Where is this triplex located?
    The property is located at 41-45 Colby Pl Phillipsburg, NJ.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: - High 10.11% Cap Rate and strong financials (10.20 Gross Rent Multiplier, 1.5604 Debt Service Coverage Ratio) making it a great candidate for a DSCR loan.; - Fully rented triplex generating immediate income with reliable tenants and minimal maintenance.; - Renovated in 2024 with updated living spaces, including luxury vinyl plank flooring, new cabinetry/countertops, and contemporary finishes.
    (908) 751-7750
    Request Owner's contact information
    41-45 Colby Pl 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
    41-45 Colby Pl Phillipsburg, NJ 08865
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