Part one of the question
whether it was possible for projects
in Eclipse to have multiple languages
associated with them, specifically PHP
and Java
No, a project in eclipse is language dependent. You could technically write some source in another language and then use another build method to compile from the secondary language - Not recommended !!!
For the second part of the question ...
Common Property files
Create another project and in that project put a java properties file.
Have both projects (Java and PHP) read the property file from here (In Java just add where you put the file as part of the classpath)
In PHP use this Java properties reader
If you are careful on how you write the Java properties file you could also use parse_ini_file