47 Lincoln Ave, Lambertville, NJ 08530
Licensed residential care facility in Lambertville, NJ. Value-add opportunity.
- 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
Listing agent MIA L CHEN
Listing office KELLER WILLIAMS CORNERSTONE REALTY (908) 359-0893
Listing date Apr 20, 2026
Source Corcoran
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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
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 |
Alternative Uses
Current Use by Public Records
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