30 N Main St, Phillipsburg Town, NJ 08865
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30 N Main St, Phillipsburg Town, NJ 08865
30 N Main St, Phillipsburg Town, NJ 08865
30 N Main St, Phillipsburg Town, NJ 08865
30 N Main St, Phillipsburg Town, NJ 08865
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30 N Main St Phillipsburg Town, NJ 08865

1,742 Sqft Lot


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Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 4060694

Year Built 1900

Annual Tax Amount $5,399

Tax Year 2025

Lot Size 1,742 Sqft

Property Sub-Type Mixed Use

Property Description

Rare opportunity to acquire two adjoining parcels offered together in prime Riverfront Redevelopment area of Phillipsburg, NJ, featuring scenic views of the Delaware River & Easton skyline. This income-producing investment offers a compelling 9.75% pro forma cap rate and projected annual NOI of $120,000, with a projected expense ratio below 20%.The portfolio includes eight units:two 1-bedroom apartments, five 2-bedroom apartments, and one commercial unit w/ patio&deck, plus a garage-sized storage space that has never been leased. 3 units are occupied by long-term tenants, 3 of the 4 brand-new units are available for lease, and one recently vacated unit is undergoing renovations in preparation for relisting providing additional income potential. Recently renovated throughout, the properties offer a turnkey investment opportunity with no major capital improvements anticipated. Separate utilities allow tenants to pay their own gas and electric, helping minimize owner expenses and maximize operating efficiency. Enjoy a highly desirable location just a 10-minute walk from downtown Easton, PA, with access to its restaurants, shops, entertainment, and vibrant riverfront atmosphere. Combining attractive projected returns, diversified rental income, newly renovated units, and picturesque waterfront surroundings, this offering is an outstanding opportunity for investors seeking immediate income and future upside. Both 30 N. Main Street and 26 N. Main Street must be purchased together.

Location

State NJ

County Warren

Zoning B-1

Rooms

Basement Bilco-Style Door, Storage, Unfinished

Interior

Heating Electric, Gas-Natural

Cooling Central Air, No Cool, See Remarks

Flooring Carpeting, Laminate, Tile, Vinyl-Linoleum, Wood

Equipment Appliances, Fire Alarm, See Remarks, Smoke Detector

Heat Source Electric, Gas-Natural

Exterior

Exterior Feature Brick/Block, See Remarks

Utilities Available Electric, Gas-Natural

Roof Type Flat, Rubberized

Garage No

Building

Lot Description Lake/Water View, Waterfront

Story 5

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple


Garden State MLS(GSMLS)
Listed by RE/MAX SUPREME

Nearby Locations

GET MORE INFORMATION

Name

Name

Phone*

Phone

Message

Message
Racheal Thomas

+1(973) 787-4503

racheal.thomas@exprealty.com

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30 N Main St