941 Lee Ave
Alpha Boro, NJ 08865
Price: $299,000
GSMLS: 4007546Type: Multi-Family
Style: Triplex
Total Units: 3
Beds: 5
Baths: 3 Full
Garage: No
Year Built: 1900
Acres: 0.00
Property Tax: $7,557
Description
A rare triplex investment opportunity in the heart of Alpha Borough, offering both small-town charm and strong income potential. This well-configured multi-family provides flexibility for investors or owner-occupants alike.The first unit is a studio-style one-bedroom with a recently updated full bathroom, offering a solid foundation for future rental appeal. The second unit features a welcoming living space, a comfortable bedroom, and a full bath. The third and largest unit offers three bedrooms and a full bathroom, creating potential for higher rental income. Additional storage is conveniently accessible through an exterior basement entrance, adding functionality for tenants. While some cosmetic TLC remains, the property presents a promising value-add opportunity for buyers looking to enhance rents and maximize returns. Ideally located in Alpha Borough with quick access to Routes 78 & 22, this property combines ease of commuting with the appeal of a close-knit community, making it a smart addition to any investment portfolio.
General Info
Style:
Triplex
SqFt Building:
n/a
Total Rooms:
13
Basement:
Yes - Bilco-Style Door, Unfinished
Interior:
n/a
Roof:
Asphalt Shingle
Exterior:
Aluminum Siding, Brick
Lot Size:
0.10 40X114 IRREG.
Lot Desc:
Corner
Parking
Garage Capacity:
No
Description:
n/a
Parking:
On-Street Parking
Spaces Available:
n/a
Unit 1
Bedrooms:
1
Bathrooms:
1
Total Rooms:
2
Room Description:
Kitchen, Master Bedroom, See Remarks
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Range/Oven - Gas, Refrigerator
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Unit 2
Bedrooms:
1
Bathrooms:
1
Total Rooms:
3
Room Description:
Kitchen, Living Room, Master Bedroom
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Range/Oven - Gas, Refrigerator
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Unit 3
Bedrooms:
3
Bathrooms:
1
Total Rooms:
6
Room Description:
Bedrooms, Kitchen, Living Room
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Range/Oven - Gas, Refrigerator
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
Handicap:
No
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
3 Units
Heating Fuel:
Electric, Gas-Natural
Cooling:
None
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Warren
Town:
Alpha Boro
Neighborhood:
n/a
Financial Considerations
List Price:
$299,000
Tax Amount:
$7,557
Land Assessment:
$68,500
Build. Assessment:
$138,900
Total Assessment:
$207,400
Tax Rate:
3.64
Tax Year:
2024
Listing Information
MLS ID:
4007546
List Date:
01-30-2026
Days On Market:
0
Listing Broker:
RIVER VALLEY REALTY LLC
Listing Agent:
Lindsey Tilton
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: FoxHillsRockaway.com
