Corner Lot Duplex with
112 Chambers Street Phillipsburg, NJ 08865
112 Chambers Street, Phillipsburg, NJ, 08865
$399,000
For Sale
$399,000
Well-maintained duplex on a corner lot with two decks, detached three-car garage, and off-street parking for at least six vehicles.
Property Size850 SF
Price / SF$469.41
Days on Market186
Property Features for 112 Chambers Street
General Information
- Standard status
- Active
- Size
- 850 SF
- Property subtype
- Multi Family / 2-Two Story
Building Details
- Year Built
- 1900
Listing Agency
COLDWELL BANKER REALTY
(908) 735-8080
Listed by
NICOLE YARD · License #271237
(908) 735-8080
Source
Compass
Added: Jan 16 Updated: Jul 20 at 6:11 pm Checked: Jul 20 at 6:11 pm
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
This well-maintained duplex on a corner lot offers two separate units with private back decks. The second-floor deck extends to an elevated outdoor space, and both units include spacious kitchens along with washer/dryer hookups. The first-floor unit provides access to the basement for storage, while the second-floor unit includes a walk-up attic for additional living space or storage.
The property also features a three-car detached garage that can support additional rental income, along with generous off-street parking for at least six vehicles.
Additional site and utility features mentioned include a gas hookup on the house for easier conversion.
The property also features a three-car detached garage that can support additional rental income, along with generous off-street parking for at least six vehicles.
Additional site and utility features mentioned include a gas hookup on the house for easier conversion.
Key Highlights
- Well‑maintained duplex built in 1900 on a corner lot
- Two units with private back decks, including an elevated second‑floor deck
- Detached 3‑car garage plus generous off‑street parking for at least 6 vehicles
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.9k | $22.20 |
| − Vacancy | −$981 | −$1.15 |
| EGI | $17.9k | $21.05 |
| − OpEx | −$5.4k | −$6.31 |
| NOI | $12.5k | $14.73 |
850 SF · lease $22.20/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$178.9K
$156.5K – $208.7K
NOI $12,522 @ 7.0% cap · market cap 3.14%
Second Best
Apartment 5plus
$160.7K
$140.6K – $187.5K
NOI $11,251 @ 7.0% cap · market cap 2.82%
Theoretical Best
Warehouse
$320.7K
$280.6K – $374.1K
NOI $22,448 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Well-maintained duplex on a corner lot with two decks, detached three-car garage, and off-street parking for at least six vehicles.
Where is this duplex located?
The property is located at 112 Chambers Street Phillipsburg, NJ.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Well‑maintained duplex built in 1900 on a corner lot; Two units with private back decks, including an elevated second‑floor deck; Detached 3‑car garage plus generous off‑street parking for at least 6 vehicles
