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Updated Two-Unit Duplex
New
For Sale
$369,900

122 Summit Ave, Phillipsburg, NJ 08865

MULTI_FAMILY - Phillipsburg Town, NJ

Property SizeContact for details
Lot Size0.06 Acres
Days on Market3

Property Features for 122 Summit Ave

General Information

Property type Residential Multi Family
Property subtype Other
Zoning R-50
Bedrooms 5
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 1, Bathroom 1, Basement, Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 5, Bathroom 2
Parking 2
Patio and Porch features Patio, Porch
Interior features Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector
Exterior features Curbs, Open Porch(es), Patio, Sidewalk
Subdivision Not in a Development
Lot features Level Lot
High school PHILIPSBRG
Directions From Rt 78, take exit 3 towards Phillipsburg, L on Morris St ramp, L on Morris, make hard R on Summit. 122 Summit is on the Left
Standard status Active
Lot size 0.06 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 7031

Utilities

Sewer type Public Sewer
Water source Public

Amenities

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

Building Details

Year built 1920
Number of units 2
Roof type Shingle
Architectural style Other
Listing Agency: KELLER WILLIAMS REAL ESTATE · Keller Williams Realty
Listed By: ASHLEY CARRIGAN · License #2079051
Added: Aug 7 Changed: Aug 9 Last Checked: Aug 9 at 4:06PM
MLS# 4045620

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

This updated duplex contains two occupied residences: a first-floor apartment with 2 bedrooms and 1 bathroom, and an upper-level apartment with 3 bedrooms and 1 bathroom. Both units have luxury vinyl plank flooring. The lower residence includes basement laundry, a covered rear patio, shared backyard access, and off-street parking. The upper residence offers a combined living and dining area, galley kitchen, covered second-floor deck, updated bathroom, and its own off-street parking space.

Tenants pay their own utilities. The property sits on a 0.06-acre lot in Phillipsburg Town and is served by public water and public sewer. Additional features include sidewalk and curb frontage, a shingle roof, and R-50 zoning. Built in 1920, the property is near shopping, dining, schools, and major commuting routes.

Key Highlights

  • Fully occupied duplex with 2‑bedroom and 3‑bedroom apartments
  • First‑floor unit includes basement laundry, covered rear patio, and shared backyard
  • Second‑floor unit features a covered deck and updated bathroom

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

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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Fully occupied income property with separate utility responsibility and private outdoor areas for both residences.
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: Fully occupied duplex with 2‑bedroom and 3‑bedroom apartments; First‑floor unit includes basement laundry, covered rear patio, and shared backyard; Second‑floor unit features a covered deck and updated bathroom
More about this property
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