Property profile

38 Main St Lambertville, NJ 08530

OFF-MARKET
Residential income homes
Property ID
US59-1199073
2,310 SF 0.06 ac lot Built 1875
Entity Owned 5-yr Hold Free & Clear
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Property profile

Verified
Property type Residential income homes
Use group APARTMENT HOUSE (UNDER 5 UNITS)
Year built 1875
Construction BRICK
Total area 2,310 SF
Lot 0.06 ac (2,440 SF)
Zoning code CBD
APN 17 01077-0000-00004
UPID US59-1199073

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

38 Main St Lambertville, NJ 08530-1743
Lambertville metro Census 11900 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$625k
CAP Approach CAP
$595k
Comparable Approach Comparable
by Request
Blend (final) Blend
$700k

Owner & transaction history

since 2021
Last sale
$701,425
1 recorded transaction
2021
$701,425

Zoning & alternative use

CBD · Lambertville, NJ
Zoning description

Design Standards for CBD Central Business District Signs. § Z-406.13 Conditions for Cannabis Retailer. § Z-406.14 Conditions for accessory apartments. § Z-407 C-2 SERVICE COMMERCIAL. § Z-407.1 Permitted Uses. § Z-407.2 A…

General category MIXED_USE
Top alternative use upside
Commercial (general) $435,000 +7.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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