47 Lincoln Ave, Lambertville, NJ 08530

$1,295,000

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List Price
$1,295,000
Days on Market
97
Status
ACTIVE
MLS#
NJHT2004824
Lot Size (Acres)
0.85
Year Built
1860
County
Hunterdon
School District
South Hunterdon Regional

Property Description

27-Bed Licensed Residential Care Facility | Multi-Building Campus | Value-Add Opportunity | Lambertville, NJ<br><br> Rare opportunity to acquire a state-licensed 27-bed Residential Health Care / Boarding Home facility in the highly desirable Lambertville, located in Hunterdon County, one of New Jersey’s most supply-constrained and high-demand submarkets.<br><br> Little Haven Boarding Home & Residential Health Care Facility is a multi-building campus consisting of:<br> Main Building: 23 licensed beds <br> Detached Cottage: 4 licensed beds (currently under renovation following prior fire damage) <br> The property is situated on an approximately 1-acre lot in the sought-after Cottage Hill neighborhood, within walking distance to downtown Lambertville restaurants, retail, and services.<br><br> Property Overview:<br> Total Licensed Capacity: 27 beds (23 main + 4 cottage) <br> Main Building: 6,030 SF <br> 11 bedrooms <br> 5.5 bathrooms <br> Detached Cottage: <br> 4 bedrooms <br> 1 bathroom <br> Lot Size: 1 acre<br> Parking: 6 on-site spaces <br> Configuration: Multi-structure campus layout (rare for this asset class) <br> License: Residential Health Care Facility (RHCF)<br><br> Additional Upside Opportunity:<br> An adjacent property (under common ownership) is licensed for an additional 5 beds (Licensed Class-C boarding home) and may be made available separately or as part of a larger assemblage. Not included in the current offering.<br><br> All facilities are licensed and regulated by the New Jersey Department of Community Affairs (DCA) and are in good standing with current inspections. <br><br> Investment Highlights:<br> - Licensed 27-bed facility <br> - Value-add opportunity through renovation, lease-up, and operational optimization <br> - Cottage rebuild creates immediate upside upon completion <br> - Multi-building campus supports scalable operations and program separation <br> - Walkable, high-demand location near downtown Lambertville <br> - High barriers to entry for new licensed facilities in New Jersey <br> - Strong regional demand for residential care, behavioral health, and supportive housing <br> - Potential eligibility for state and local grant programs (buyer to verify) <br> - Multiple financing options and grants may be available to qualified buyers, including U.S. SBA-backed lending and select NJEDA programs that may support both acquisition and value-add improvements. (Buyer to independently verify all program eligibility and requirements.)<br><br> Ideal For:<br> - Residential healthcare / boarding home operators <br> - Behavioral health or supportive housing providers <br> - Senior housing (independent or assisted living models – subject to approvals) <br> - Recovery / sober living operators (buyer responsible for use compliance) <br> - Nonprofit housing organizations <br> - Investors seeking to lease to experienced operators<br>

Additional Information

Area
Lambertville City (21017)
Subdivision
Cottage Hill
Taxes
$17565
School District
South Hunterdon Regional
Elementary School
Lambertville
Middle School
South Hunterdon Regional M.S.
High School
South Hunterdon Regional H.S.
Flooring
Wood, Tile/Brick
Heating
Radiator
Heating Fuel
Natural Gas
Cooling
Central A/C, Window Unit(s)
Roof
Slate, Metal
Utilities
Cable TV
Water
Well
Sewer
Public Sewer

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Listing courtesy of Keller Williams Cornerstone Realty. Contact: 9083590893