20 N Union St, Lambertville City, NJ 08530
Hunterdon County
Key Facts
Description
Ideally located in the heart of Lambertville, this fully leased three-unit investment property offers a rare opportunity to own a high-performing asset in one of the area's most desirable river towns. Just steps from renowned shops, acclaimed restaurants, popular coffee spots, the Delaware River, scenic towpath, and the bridge to New Hope, this property delivers exceptional appeal to both tenants and future buyers. Each of the residences is well maintained and in excellent condition, featuring comfortable layouts, abundant natural light, and strong rental demand. All units are currently occupied, providing immediate and reliable income from day one. A standout feature of the property is the expansive rear courtyard - an uncommon amenity in this central location - offering private outdoor space for tenants to enjoy and enhancing long-term tenant retention. With its prime walkable setting, proven rental performance, and close proximity to everything Lambertville and New Hope have to offer, this turnkey property represents an outstanding opportunity for investors seeking stable cash flow with long-term upside in a tightly held market.
Property Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Year Built
1823
Stories
3
Living Area
2,289 sq ft
Lot Size
0.06 acres
Ownership
Fee Simple
Days on Market
22
MLS® Listing#
4009700
Property Features
Heating
Roof
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$15,418
Tax year 2024
Assessed Value
$692,000
Parcel Number
1917-01039-0000-00010-0000-
Directions
On N Union between Church and Bridge Streets.
Affordability Calculator
$145,000
Estimated monthly payment
$3,859/mo
Principal $580,000 · Est. interest $809,152 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Lambertville City, NJ
- $615,113
- Median Listing Price
- 50
- Median Days on Market
- 1,386
- Median Sq Ft
- $411
- Median Price / Sq Ft
- 3,231
- Active Listings
- This home’s price is 18% above the area median.
- Its price per sq ft is 23% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Lambertville City, NJ.
Location
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Points of Interest in Lambertville City, NJ
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Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1208 Woodbine Ave, Plainfield City, NJ | $508,600 | 4 | 2 | 1,724 |
| 21 Glenwood Pl, East Orange City, NJ | $509,000 | 5 | 2 | — |
| 150 N Maine, Atlantic City, NJ | $509,000 | — | — | — |
| 30 FREEDOM WAY 407, Jersey City, NJ | $509,000 | 2 | 2 | 1,269 |
| 119 E 13Th St, Linden City, NJ | $509,900 | 4 | 1 | — |
| 61 Keer Ave, Newark City, NJ | $509,900 | 3 | 4 | — |
Moving Cost Estimate
Listing Courtesy: COMPASS NEW JERSEY LLC - 6097102021