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Updated Duplex with Two Units
For Sale
$369,900

122 Summit Ave, Phillipsburg, NJ 08865

Fully occupied income property with tenant-paid utilities, off-street parking, and covered outdoor areas.

Property SizeContact for details
Days on Market18

Property Features for 122 Summit Ave

General Information

Standard status Active
Property subtype Multi-Family
Occupancy 100%

Units

Unit Mix 1 x 2BR/1BA, 1 x 3BR/1BA
Multifamily Units 2

Additional Details

Utilities to Site Yes

Amenities

basement laundry
covered rear patio
shared backyard
off-street parking
covered second-floor deck

Building Details

Year Built 1920
Buildings 1
Tenancy Multi
Listing Agency: KELLER WILLIAMS REAL ESTATE
Listed By: ASHLEY CARRIGAN · License #RS352657
Source: Luminancerealty
Added: Aug 18 Changed: Aug 30 Last Checked: Sep 4 at 9:36AM

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 KELLER WILLIAMS REAL ESTATE

Investment Insights

Based on property information with market context.

This updated duplex contains two residential apartments, including a first-floor two-bedroom, one-bath unit and a larger second-floor three-bedroom, one-bath unit. Both apartments have luxury vinyl plank flooring. The lower unit includes basement laundry, a covered rear patio, shared backyard access, and off-street parking. Upstairs, the layout includes a combined living and dining area, galley kitchen, updated bathroom, covered deck, and a dedicated parking space. Gas ranges and refrigerators are provided, along with washer and dryer access.

Located at 122 Summit Ave in Phillipsburg, New Jersey, the property is near shopping, dining, schools, and major commuting routes. Both tenants pay their own utilities. The building was constructed in 1920 and has natural-gas service and heating.

Key Highlights

  • Two‑unit duplex with a 2‑bedroom, 1‑bath first‑floor apartment and a 3‑bedroom, 1‑bath second‑floor apartment
  • Both apartments feature luxury vinyl plank flooring
  • Both units are fully occupied, with tenants paying their own utilities

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Butcher Veterinary Clinic Pet Grooming Service Daycare Center

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

Lease Details

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

964
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
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Fully occupied income property with tenant-paid utilities, off-street parking, and covered outdoor areas.
Where is this duplex located?
The property is located at 122 Summit Ave Phillipsburg, NJ.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: Two‑unit duplex with a 2‑bedroom, 1‑bath first‑floor apartment and a 3‑bedroom, 1‑bath second‑floor apartment; Both apartments feature luxury vinyl plank flooring; Both units are fully occupied, with tenants paying their own utilities
More about this property
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