Modern Apartment Building Investment
2 Lindbergh Rd, East Amwell Twp, NJ 08551
For Sale
$2,900,000
Pending
Well-maintained apartment building with modern amenities in a scenic location.
Property Size10,704 SF
Lot Size2.01 Acres
Days on Market506
Property Features for 2 Lindbergh Rd
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
Central air
Metal Roof
4+ Units Cooling
4+ Units Heating
Backs to Park Land
Baseboard - Electric Heating
Corner
Ductless Split AC Cooling
Floor/Wall Heater Heating
Gravel Driveway
Level Lot
Off-Street Parking
Parking Lot-Shared
Rubberized Roof
Building Details
Year Built
Listing Agency:
WEICHERT REALTORS
(973) 292-6400
Listed By:
MARIE NEWELL
Source:
Corcoran
Added: Jun 26, 2025
Changed: Aug 8
Last Checked: Aug 25 at 8:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of WEICHERT REALTORS
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Investment Insights
Based on property information with market context.
This well-maintained apartment building, constructed in 2015, is situated on approximately 2 acres. The property features 13 apartments, with 12 located in the main building and 1 in the carriage house. The unit mix includes 6 one-bedroom and 6 two-bedroom apartments. The building was designed as a green building with a low carbon footprint. Each unit includes a kitchen, living room, and full bath, with some units also featuring private balconies or porches. Interior features include maple wood floors, Anderson windows, and Corian countertops. The apartments have 9-foot ceilings, carpeted hallways, and double sheetrock walls for sound control. Four units are handicapped accessible. The building is equipped with an alarm and fire sprinkler system, along with a Swiftkey lock system. A 2590-gallon water tank is located in the basement for fire prevention. Additional amenities include ample off-street parking, a coin-operated laundry area in the basement, and Wi-Fi throughout the building. Two EV car chargers are available for electric vehicle use. The property is located in a scenic rural area, commutable to Princeton, Flemington, and Lambertville. The building has a total size of 10704 square feet.
Key Highlights
- Well‑maintained apartment building built in 2015, featuring 13 units (mix of 1 and 2‑bedroom apartments).
- Green building design promotes low carbon footprint and reduces tenant costs.
- Quality construction with MAPLE WOOD FLOORS, ANDERSON WINDOWS, and CORIAN COUNTERTOPS.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$164,606
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,292,120
$3.3M
Cap Rate 7%
$2,351,514
$2.4M
Cap Rate 9%
$1,828,956
$1.8M
Market Conditions
NOI Build-Up for 10,704 SF
Gross rent
$321.1K $30.00/SF
− Vacancy
−$21.8K −$2.04/SF
EGI
$299.3K $27.96/SF
− OpEx
−$134.7K −$12.58/SF
NOI
$164.6K $15.38/SF
Area
Hunterdon County, NJ
Vacancy
6.80%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,292,120
Cap Rate 7%
$2,351,514
Cap Rate 9%
$1,828,956
Alternative Uses
Best Use
Apartment 5plus
$2.35M
$2.06M – $2.74M
NOI $164,606 @ 7.0% cap · market cap 5.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.80M
$2.45M – $3.26M
NOI $195,652 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
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Business Placement
Demographics for 08551, NJ
5,540
Population
2,196
Households
2.5
Avg Household Size
48
Median Age
65%
College-Educated
97%
High-School Grad
26.2 sq mi
ZIP Area
211
Density / Sq Mi
$154,966
Median Household Income
$70,446
Median Earnings
$2,125
Median Rent
$580,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained apartment building with modern amenities in a scenic location.
Where is this apartment building located?
The property is located at 2 Lindbergh Rd East Amwell Twp, NJ.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Well‑maintained apartment building built in 2015, featuring 13 units (mix of 1 and 2‑bedroom apartments).; Green building design promotes low carbon footprint and reduces tenant costs.; Quality construction with MAPLE WOOD FLOORS, ANDERSON WINDOWS, and CORIAN COUNTERTOPS.
