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Corner-Lot Duplex with Attic Access
For Sale
$329,000

62 Summit Ave, Phillipsburg, NJ 08865

Two-level duplex with one occupied unit, a second available unit, and two rear parking spaces.

Property SizeContact for details
Days on Market13

Property Features for 62 Summit Ave

General Information

Standard status Active
Total Parking Spaces 2
Property subtype Multi-Family

Additional Details

Public Transit Yes
Multifamily Units 2

Amenities

walk-up attic

Building Details

Year Built 1900
Listing Agency: WEICHERT REALTORS
Listed By: MARY BLANCHARD
Source: Luminancerealty
Added: Sep 15 Changed: Sep 16 Last Checked: Sep 26 at 9:15AM

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 WEICHERT REALTORS

Investment Insights

Based on property information with market context.

This under-over duplex at 62 Summit Ave features separate first- and second-floor units on a corner lot. The lower unit is occupied by a tenant, while the upper unit is available for an owner or tenant. The second-floor residence also connects to a walk-up attic that provides additional storage space. Two rear parking spaces are included.

The property is near shopping centers, restaurants, parks, schools, and public transportation in Phillipsburg Town. It is being sold as-is, with the buyer responsible for municipal and state certificates, inspections, and tests required for closing. The seller will not provide repairs or credits. Constructed in 1900, the property offers a two-unit residential configuration with existing occupancy and a vacant upper unit.

Key Highlights

  • Under‑over duplex configuration on a corner lot
  • First‑floor unit is currently tenant occupied
  • Second‑floor unit is available for a new owner or tenant

Property Analytics

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Current Use

Duplexes

Suggested Use

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

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

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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?
Duplex - Two-level duplex with one occupied unit, a second available unit, and two rear parking spaces.
Where is this duplex located?
The property is located at 62 Summit Ave Phillipsburg, NJ.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: Under‑over duplex configuration on a corner lot; First‑floor unit is currently tenant occupied; Second‑floor unit is available for a new owner or tenant
More about this property
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