941 Lee Ave

Alpha, NJ 08865

$299,000
Price
5
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.

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...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.
  1. Listed by LINDSEY TILTON • RIVER VALLEY REALTY LLC

Property Details for 941 Lee Avenue

Directions
Route 22 to New Brunswick Ave. Left on Hawk Ave, continue onto 3rd Ave, Right on High St., Left onto Lee Avenue.
Days On Market
0
LISTING UPDATED: 01/30/2026 07:47 PM

Property Details for 941 Lee Avenue

StatusActive
MLS #4007546
Days on Market1
Taxes$7,557 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti Family / Triplex
Year Built1900
Lot Size-
CountyWarren County

Location

Listing Courtesy of RIVER VALLEY REALTY LLC, LINDSEY TILTON
Add your commute

Building Information for 941 Lee Avenue

Stories-Residences3Year Built1900Building Size-Lot Size-

Payment Calculator

$2,087 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,457

Property Taxes

$630

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 941 Lee Avenue

Summary
Location and General Information
  • Address Included: Y
  • County #: Warren
  • Town Name: Alpha Boro
  • Block Identifier: 35.01
  • Listing Type: Exclusive Right to Sell
  • Town #: 3002.0
  • Street # Display: 941.0
  • # Parking Spaces: 0
  • County Or Parish: Warren
  • Street Name: Lee Ave
  • Zip Code: 08865-4239
  • Total Units: 3
Taxes and HOA Information
  • Assess Total Tax: *
  • Assess Amt Land Tax: *
  • Assess Amt Bldg Tax: *
  • Block ID Tax: *
  • Acres Tax: *
  • County Tax: *
  • Tax Amount: $7,557
  • Street name Tax: *
  • Zip Code Tax: *
  • Street # Tax: *
  • City Tax: *
  • Tax Amount Tax: *
  • Assessment Total: 207400.0
  • Tax ID For Property: 3002-00035-0001-00007-0000-
  • Tax Rate Amount: $4
  • Tax Rate Tax: *
  • Tax Rate Year: 2025
  • Tax Year: 2024
  • Tax Year Tax: *
  • Lot ID Tax: *
  • Lot Size Tax: *
Parking
  • Parking/Driveway Description: On-Street Parking
Property
Lot Information
  • Lot Description: Corner
  • Lot Identifier: 7
  • Approximate Lot Size: 0.10 40X114 IRREG.
  • Construction Date/Year Built: 1900
  • Construction Date/Year Built Des: Approximate
Property and Assessments
  • Assessment Bldg: 138900.0
  • Assessment Land: 68500.0
Utilities
  • Cooling: No Cool
  • Utilities: Electric, Gas-Natural
  • Water: Public Water
  • Water Heater: Gas
  • Heating: 3 Units
  • Fuel Type: Electric, Gas-Natural
  • Sewer: Public Sewer
Interior and Exterior Features
Exterior Features
  • Exterior Description: Aluminum Siding, Brick/Block
  • Exterior Features: Open Porch(es)
Interior Features
  • Roof Description: Asphalt Shingle
  • Basement: Yes
  • Basement Description: Bilco-Style Door, Unfinished
  • Easement: Unknown
Multi Family
Unit 1 Information
  • Unit 1 Appl/Equip: Range/Oven - Gas, Refrigerator
  • Unit 1 Baths: 1.0
  • Unit 1 Bedrooms: 1
  • Unit 1 Fireplaces: 0.0
  • Unit 1 Handicap Modified: No
  • Unit 1 Levels: 1.0
  • Unit 1 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
  • Unit 1 Rent: 550.0
  • Unit 1 Room Description: Kitchen, Master Bedroom, See Remarks
  • Unit 1 Rooms: 2.0
  • Unit 1 Security Deposit: 0.0
  • Unit 1 Sq Ft: 0.0
Unit 2 Information
  • Unit 2 Appl/Equip: Range/Oven - Gas, Refrigerator
  • Unit 2 Baths: 1.0
  • Unit 2 Bedrooms: 1
  • Unit 2 Fireplaces: 0.0
  • Unit 2 Handicap Modified: No
  • Unit 2 Levels: 1.0
  • Unit 2 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
  • Unit 2 Rent: 685.0
  • Unit 2 Room Description: Kitchen, Living Room, Master Bedroom
  • Unit 2 Rooms: 3.0
  • Unit 2 Security Deposit: 0.0
  • Unit 2 Sq Ft: 0.0
Unit 3 Information
  • Unit 3 Appl/Equip: Range/Oven - Gas, Refrigerator
  • Unit 3 Baths: 1.0
  • Unit 3 Bedrooms: 3
  • Unit 3 Fireplaces: 0.0
  • Unit 3 Handicap Modified: No
  • Unit 3 Levels: 2.0
  • Unit 3 Owner/Tenant Pays: Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas
  • Unit 3 Rent: 1250.0
  • Unit 3 Room Description: Bedrooms, Kitchen, Living Room
  • Unit 3 Rooms: 6.0
  • Unit 3 Security Deposit: 0.0
  • Unit 3 Sq Ft: 0.0
Multi-Family Information
  • Unit Style: Triplex
Income & Expenses Information
  • Total Operating Expense: $.00
  • Net Operating Income: $.00
  • Gross Operating Income: $.00

Property History for 941 Lee Avenue

DateEvent & SourcePriceAppreciation
Jan 30, 2026

Listed (Active)

BRIGHT #NJWR2000504

$299,000—
Jan 30, 2026

Listed (Active)

GSMLS #4007546

$299,000—
DateEvent & SourcePrice
01/30/2026

Listed (Active)

BRIGHT #NJWR2000504

$299,000
01/30/2026

Listed (Active)

GSMLS #4007546

$299,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 941 Lee Avenue

Taxable ValueLand$68,500Additions$138,900Total$207,400
Tax Record2024$7,558 ($630 / month)
Home Facts
Beds0Total Finished SqFt1,960 SqFtAbove Grade Finished SqFt1,960 SqFtStories2Lot Size4,560 SqFtStyleSingle Family ResidenceYear Built1900ZoningB-4CountyWARRENAPN02 00035- 01-00007

Schools near 941 Lee Avenue

This home is within Alpha Borough Public School District.
Rating
School
Type
Grades
Distance
Alpha School
Public - PK to 8
Warren Glen Academy
Private - 2 to 12
Rating
School
Distance
Alpha School
PublicPK to 8

Warren Glen Academy
Private2 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 941 Lee Avenue, Alpha, NJ 08865

941 Lee Avenue is a multi-family home for sale in Alpha, NJ 08865. This property was listed for sale on January 30, 2026 by RIVER VALLEY REALTY LLC, it's currently listed at $299,000. This listing's school district is Alpha Borough Public School District. Nearby schools include Alpha School and Warren Glen Academy. 941 Lee Avenue is a 5-bed, 3-bath, multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RIVER VALLEY REALTY LLC, LINDSEY TILTON

The data relating to the real estate for sale on this website comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than (insert office name) aremarked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: 02/01/2026 11:31 AM. Source: New Jersey Multiple Listing Service, Inc. © 2026 New Jersey Multiple Listing Service, Inc. All rights. The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated: 02/01/2026 11:31 AM © 2026 New Jersey Multiple Listing Service Inc. All rights reserved.