Lambertville Three-Unit Investment
20 N Union St Lambertville, NJ 08530
20 N Union St, Lambertville, NJ, 08530
$725,000
For Sale
$725,000
Fully leased triplex in the heart of Lambertville, New Jersey.
Property Size2,289 SF
Lot Size0.06 Acres
Price / SF$316.73
Days on Market156
Property Features for 20 N Union St
General Information
- Standard status
- Active
- Size
- 2,289 SF
- Lot size
- 0.06 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1823
Listing Agency
COMPASS NEW JERSEY LLC
(609) 710-2021
Listed by
REVI HAVIV
Source
Corcoran
Added: Feb 14 Updated: Jul 6 at 9:52 am Checked: Jul 20 at 4:06 am
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 COMPASS NEW JERSEY LLC
Investment Insights
Based on property information with market context.
This fully leased three-unit investment property is located in the heart of Lambertville, New Jersey. The property is situated steps from shops, restaurants, coffee spots, the Delaware River, the scenic towpath, and the bridge to New Hope. Each of the residences is well maintained and in excellent condition, featuring comfortable layouts and abundant natural light. All units are currently occupied, providing immediate and reliable income. The property includes an expansive rear courtyard, offering private outdoor space for tenants. The property size is 2289 square feet.
Key Highlights
- Prime location in the heart of Lambertville, steps from shops, restaurants, and the Delaware River.
- Fully leased three‑unit investment property providing immediate and reliable income.
- Expansive rear courtyard, a rare amenity enhancing tenant appeal and retention.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.5k | $25.56 |
| − Vacancy | −$3.8k | −$1.65 |
| EGI | $54.7k | $23.91 |
| − OpEx | −$16.4k | −$7.17 |
| NOI | $38.3k | $16.74 |
2,289 SF · lease $25.56/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$547.3K
$478.9K – $638.5K
NOI $38,309 @ 7.0% cap · market cap 5.28%
Second Best
Apartment 5plus
$502.9K
$440.0K – $586.7K
NOI $35,200 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$597.7K
$523.0K – $697.3K
NOI $41,839 @ 7.0% cap · market cap 5.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Multifamily property - Fully leased triplex in the heart of Lambertville, New Jersey.
Where is this multifamily property located?
The property is located at 20 N Union St Lambertville, NJ.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Prime location in the heart of Lambertville, steps from shops, restaurants, and the Delaware River.; Fully leased three‑unit investment property providing immediate and reliable income.; Expansive rear courtyard, a rare amenity enhancing tenant appeal and retention.
