27-Bed Licensed Care
47 Lincoln Ave Lambertville, NJ 08530
For Sale
$1,295,000
Licensed residential care facility in Lambertville, NJ. Value-add opportunity.
Property Size6,000 SF
Lot Size1.00 Acre
Price / SF$215.83
Days on Market99
Property Features for 47 Lincoln Ave
General Information
Standard status
Active
Size
6,000 SF
Lot size
1.00 Acre
Property subtype
Commercial
Building Details
Year Built
1860
Listing Agency:
KELLER WILLIAMS CORNERSTONE REALTY
(908) 359-0893
Listed By:
MIA L CHEN
Source:
Corcoran
Added: Apr 20
Changed: Jul 10
Last Checked: Jul 27 at 5:38AM
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 KELLER WILLIAMS CORNERSTONE REALTY
Investment Insights
Based on property information with market context.
This is a rare opportunity to acquire a state-licensed 27-bed Residential Health Care / Boarding Home facility in the desirable Lambertville, located in Hunterdon County, New Jersey. The Little Haven Boarding Home Residential Health Care Facility is a multi-building campus consisting of a main building with 23 licensed beds and a detached cottage with 4 licensed beds. The detached cottage is currently under renovation following prior fire damage. The property is situated on an approximately 1-acre lot in the Cottage Hill neighborhood, within walking distance to downtown Lambertville restaurants, retail, and services. The main building is approximately 6,000 SF with 11 bedrooms and 5.5 bathrooms. The detached cottage has 4 bedrooms and 1 bathroom. There are 6 on-site parking spaces. An adjacent property, under common ownership, is licensed for an additional 5 beds and may be made available separately or as part of a larger assemblage. All facilities are licensed and regulated by the New Jersey Department of Community Affairs (DCA) and are in good standing with current inspections. This property is ideal for residential healthcare / boarding home operators, behavioral health or supportive housing providers, senior housing (independent or assisted living models – subject to approvals), recovery / sober living operators (buyer responsible for use compliance), nonprofit housing organizations, and investors seeking to lease to experienced operators. It presents a value-add opportunity through renovation, lease-up, and operational optimization. The cottage rebuild creates immediate upside upon completion. The multi-building campus supports scalable operations and program separation.
Key Highlights
- Licensed 27‑bed Residential Health Care Facility in high‑demand Lambertville, NJ.
- Value‑add opportunity through cottage renovation (4 beds), lease‑up, and operational improvements.
- Multi‑building campus layout supports scalable operations and program separation.
Financial Insights For Apartment 5plus
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 | $180.0k | $30.00 |
| − Vacancy | −$12.2k | −$2.04 |
| EGI | $167.8k | $27.96 |
| − OpEx | −$75.5k | −$12.58 |
| NOI | $92.3k | $15.38 |
6,000 SF · lease $30.00/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.32M
$1.15M – $1.54M
NOI $92,268 @ 7.0% cap · market cap 7.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.57M
$1.37M – $1.83M
NOI $109,670 @ 7.0% cap · market cap 8.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Econotech Development Co — 25 S Main St, Lambertville, NJ 08530
Frequently Asked Questions
What type of property is this?
Assisted living facility - Licensed residential care facility in Lambertville, NJ. Value-add opportunity.
Where is this assisted living facility located?
The property is located at 47 Lincoln Ave Lambertville, NJ.
What is the asking price?
The asking price for this property is $1,295,000.
What are key features of this property?
This property features: Licensed 27‑bed Residential Health Care Facility in high‑demand Lambertville, NJ.; Value‑add opportunity through cottage renovation (4 beds), lease‑up, and operational improvements.; Multi‑building campus layout supports scalable operations and program separation.
