Prime Investment Opportunity ? Renovated Legal 3-Family on a Corner Lot! Discover the perfect blend of investment potential or owner-occupant opportunity with this renovated legal 3-family home! Situated on a desirable corner lot, this property offers three spacious and updated units with over 3,000 square feet of living space. The first unit features 4 bedrooms and 1.5 baths with a 5th room that can be used as a bonus room or office, the second unit offers 3 bedrooms and 1 bath, and the third unit includes 2 bedrooms and 1 bath. Each unit has been thoughtfully renovated, offering modern finishes while maintaining charm and functionality. Whether you're an investor seeking strong rental income or a buyer looking to offset your mortgage with rental revenue, this property delivers! Conveniently located near major highways, shopping, schools, and public transportation, commuting and daily essentials are just minutes away. Don?t miss this incredible opportunity?schedule your private showing today!
Under contract
$549,000
243 E Central Ave, Alpha Boro, NJ 08865
9beds
3,707sqft
Est.:
Multi Family
Built in 1889
-- sqft lot
$-- Zestimate®
$148/sqft
$-- HOA
What's special
Modern finishesDesirable corner lotSpacious and updated unitsCorner lot
- 67 days
- on Zillow |
- 15 |
- 1 |
Zillow last checked: April 25, 2025 at 11:55pm
Listing updated: April 19, 2025 at 03:41pm
Listed by:
Amanda Corry 973-632-4535,
Compass New Jersey Llc
Source: GSMLS,MLS#: 3946462

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 3.1
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- 2 Units, Baseboard - Electric, Forced Air, Electric, Natural Gas
Cooling
- Wall Unit(s), Window Unit(s)
Appliances
- Included: Dishwasher, Range/Oven - Gas, Refrigerator, Microwave Oven, Range/Oven - Electric
Features
- Bedrooms, Family Room, Kitchen, Living Room, Living/Dining Room, Storage
- Basement: Yes,Unfinished
- Has fireplace: No
Interior area
- Total structure area: 3,707
- Total interior livable area: 3,707 sqft
Property
Parking
- Total spaces: 3
- Parking features: Driveway-Exclusive
- Uncovered spaces: 3
Lot
- Size: 18.13 Square Feet
- Dimensions: 0.14 50 x 125
Details
- Parcel number: 3002000820000000040000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Aluminum Siding
- Roof: Asphalt Shingle
Condition
- Year built: 1889
Utilities & green energy
- Gas: Gas-Natural
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Natural Gas Connected
Community & HOA
Location
- Region: Phillipsburg
Financial & listing details
- Price per square foot: $148/sqft
- Tax assessed value: $253,000
- Annual tax amount: $9,219
- Date on market: 2/18/2025
- Total actual rent: 2750
- Tenant pays: Electricity, Gas, Tenant Pays Heat, Water, Tenant Pays Electric, Tenant Pays Gas
- Electric utility on property: Yes
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