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    27-Bed Licensed Care Facility Title is generated by Realmo AI

    47 Lincoln Ave, Lambertville, NJ 08530

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    For Sale
    $1,295,000

    Licensed residential care facility in Lambertville, NJ. Value-add opportunity.

    Type:Commercial
    Property size:
    6,000 SF
    Lot size:
    1.00 Acre
    Price / SF:
    $215/SF
    Added:
    Apr 20, 2026
    Days on Market:
    54
    Last Refresh:
    Apr 22 at 11:18 am

    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

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    Listing Contact
    MIA L CHEN

    Listing agent MIA L CHEN

    Listing office KELLER WILLIAMS CORNERSTONE REALTY

    Listing date Apr 20, 2026

    Source Corcoran

    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

    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.
    • Located in the desirable Cottage Hill neighborhood, walkable to downtown Lambertville amenities.
    • High barriers to entry for new licensed facilities in New Jersey.
    • Potential eligibility for state/local grant programs and SBA‑backed lending for acquisition and improvements (buyer to verify).

    Overview

    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.

    Local 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 (±1% cap)
    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 (±1% cap)
    NOI $109,670 @ 7.0% cap · market cap 8.47%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Assisted living facilities

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Econotech Development Co — 25 S Main St, Lambertville, NJ 08530

    Location Insight

    • Map
    • Local Demand
    City
    Lambertville
    County
    Hunterdon
    State
    New Jersey
    Longitude
    -74.9371526
    Latitude
    40.3637212

    FAQs

    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.
    More about this property
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