Under contract

$875,000

163 Blackwell Rd, Pennington, NJ 08534

5beds

--sqft

$6,387/mo

Get pre-qualified

Farm

Built in 1880

23.1 Acres Lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Income-producing duplex

Unique opportunity to acquire approximately 23.1 acres of preserved farmland in Hopewell Township. The property is currently farmland, assessed and includes an income-producing duplex. Surrounded by the scenic countryside and preserved farmland that define the Hopewell Valley, the property offers a rare combination of agricultural use, rental income, and long-term investment potential. Any subdivision, development, or changes in use beyond agricultural purposes would require the approval of the Mercer County Agriculture Development Board (CADB) and the New Jersey State Agriculture Development Committee (SADC). An adjacent 7.6-acre non-preserved parcel is also available. This is an exceptional opportunity to create a substantial landholding in one of Central New Jersey's most desirable rural locations. Buyers are encouraged to conduct their own due diligence regarding permitted uses, preservation restrictions, approvals, and future development potential.

108 days
84
1

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1
Main level bathrooms: 1

Basement

Area: 0

Heating

Baseboard, Oil

Cooling

None

Appliances

Included: Gas Water Heater

Features

Combination Kitchen/Dining, Floor Plan - Traditional, Eat-in Kitchen
Has basement: No
Has fireplace: No

Interior area

Total structure area: 0
Finished area above ground: 0
Finished area below ground: 0

Property

Parking

Parking features: Driveway
Has uncovered spaces: Yes

Accessibility

Accessibility features: None

Features

Levels: Two
Stories: 2
Pool features: None

Lot

Size: 23.1 Acres

Details

Additional structures: Above Grade, Below Grade, Outbuilding, Residence
Parcel number: 060007200006 20
Zoning: VRC
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Property subtype: Farm

Materials

Frame
Foundation: Stone

Condition

New construction: No
Year built: 1880

Utilities & green energy

Sewer: On Site Septic
Water: Well

Community & HOA

Community

Subdivision: None Available

HOA

Has HOA: No

Location

Region: Pennington
Municipality: HOPEWELL TWP

Financial & listing details

Tax assessed value: $464,400
Annual tax amount: $15,097
Date on market: 6/5/2026
Listing agreement: Exclusive Right To Sell
Ownership: Fee Simple

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
7/11/2026	Contingent	$875,000
Source: Bright MLS #NJME2078520 Report a problem
6/5/2026	Listed for sale	$875,000+52.2%
Source: Bright MLS #NJME2078520 Report a problem
10/28/1999	Sold	$575,000
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$14,122	$464,400
2024	$14,122 -0.6%	$464,400
2023	$14,206	$464,400
2022	$14,206 +2.5%	$464,400
2021	$13,862 +2.5%	$464,400
2020	$13,523 +1.9%	$464,400
2019	$13,273 +2.8%	$464,400
2018	$12,910 -25.4%	$464,400
2017	$17,304 +40.3%	$464,400 -27.2%
2016	$12,330 +2.1%	$637,800 +37.3%
2015	$12,074	$464,400