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Historic Finesville Multifamily Opportunity
For Sale
$349,000

191 Mount Joy Rd, Phillipsburg, NJ 08865

Three-story brick structure in historic Finesville village with rental potential.

Property SizeContact for details
Days on Market917

Property Features for 191 Mount Joy Rd

General Information

Standard status Active
Property subtype Multi Family

Taxes and HOA fees

Annual Taxes $7,301

Building Details

Year Built 1880
Listing Agency: COLDWELL BANKER HEARTHSIDE
Listed By: BARBARA GROOGAN
Source: Exitrealty
Added: Feb 24, 2024 Changed: Aug 25 Last Checked: Aug 29 at 7:48AM

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 HEARTHSIDE

Investment Insights

Based on property information with market context.

Located in the historic village of Finesville, this three-story brick structure dates back to approximately 1880. The village, situated along the Musconetcong River, features a collection of historic homes. Once a hub of activity known as Chelsea Forge in the mid-1700s, the area included a forge, grist mill, knife factory, and other small businesses. Today, it is a residential village named after the Fine family, who renamed it in the 1800s. The property offers proximity to recreation on the Delaware River, with a public boat ramp a short drive away. The area is suitable for walking and biking, and the stocked river is appealing for fishing. Nearby wineries and river towns provide entertainment, restaurants, and shopping. The structure includes one rented unit with a living room, eat-in kitchen, laundry/mudroom on the first floor, and one bedroom and a full bath on the second floor, heated by oil. The other, currently unrented, space features a living room, kitchen, and laundry/mudroom on the first floor, along with two bedrooms, a den, and a full bath on the second floor, also heated by oil. The third-floor loft space and full attic offer various possibilities. A full basement is accessible from the outside. The property includes a spacious backyard, on-street parking, and off-street parking for three cars. Potential uses include Air B&B or owner-occupied with rental income. The location is 90 minutes from NYC and Philadelphia, with convenient access to Route 78 and shopping.

Key Highlights

  • Historic 1880s brick structure in the historic village of Finesville.
  • Two separate living units offer rental income potential or owner‑occupancy options.
  • Spacious backyard and off‑street parking for 3 cars.

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Building Supply Real Estate Agency Big Box & Wholesale Store Auto Repair Shop Hair Salon Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

131
Businesses Nearby

Demographics for 08865, NJ

30,537
Population
14,146
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
93%
High-School Grad
41.5 sq mi
ZIP Area
736
Density / Sq Mi
$78,519
Median Household Income
$49,811
Median Earnings
$1,248
Median Rent
$244,200
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Three-story brick structure in historic Finesville village with rental potential.
Where is this multifamily property located?
The property is located at 191 Mount Joy Rd Phillipsburg, NJ.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Historic 1880s brick structure in the historic village of Finesville.; Two separate living units offer rental income potential or owner‑occupancy options.; Spacious backyard and off‑street parking for 3 cars.
More about this property
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