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7-Unit Apartment Building
For Sale
Contact for pricing
Pending

582 Main St, Phillipsburg, NJ 08865

Converted schoolhouse featuring refreshed residences, original hardwood floors, and maintained shared areas.

Property SizeContact for details
Days on Market46

Property Features for 582 Main St

General Information

Standard status Pending
Property subtype Multifamily
Occupancy 100%

Units

Unit Mix 7 x 2BR
Multifamily Units 7

Additional Details

Public Transit Yes
Listing Agency: DLP Realty
Listed By: Don Wenner · License #FL AB067794
Source: Crexi
Added: Jul 21 Changed: Sep 4 Last Checked: Sep 2 at 5:22AM

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 DLP Realty

Investment Insights

Based on property information with market context.

This converted schoolhouse contains 7 apartment units, each configured with 2 bedrooms. Four apartments have been renovated with updated kitchens, new paint, and new carpet, while original hardwood flooring remains a feature throughout the units. Shared areas have also received paint and ongoing maintenance.

The property includes a gas burner that was replaced in 2016 and is reported at 100% occupancy. Its setting provides access to transit, shopping, dining, and several major employment centers within a short commute.

Key Highlights

  • 7 apartment units, all configured as 2‑bedroom apartments
  • Four units renovated with updated kitchens, fresh paint, and new carpet
  • Original hardwood flooring in the apartments

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Skin Care Clinic Cafe & Coffee Shop (Bike/Boat/Book/etc) Store Pharmacy

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

7
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

441
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?
Apartment building - Converted schoolhouse featuring refreshed residences, original hardwood floors, and maintained shared areas.
Where is this apartment building located?
The property is located at 582 Main St Phillipsburg, NJ.
What are key features of this property?
This property features: 7 apartment units, all configured as 2‑bedroom apartments; Four units renovated with updated kitchens, fresh paint, and new carpet; Original hardwood flooring in the apartments
More about this property
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