For sale

$299,999

40 S Union St, Lambertville, NJ 08530

2beds

--sqft

$2,023/mo

Get pre-qualified

Townhouse

Built in 1880

1,386 Square Feet Lot

$-- Zestimate^®

$--/sqft

$-- HOA

What's special

Brick home

Opportunity awaits in the heart of Lambertville, known for being one of New Jersey’s most celebrated small towns. Now completely gutted and ready for redevelopment, this brick home offers a blank canvas for investors, builders, or buyers looking to create a custom residence tailored to their vision. Located just two blocks from Lambertville's vibrant downtown shops, restaurants, and galleries, the property also enjoys direct access to the scenic canal path directly across the street. Seller had approved plans to expand to property to 3 bedrooms, 3.1 bathrooms, which could bring the after repair value to approximately $680 - $700k. Seller will provide approved plans to convert into a 3 bedroom, 3 and half bathroom home if buyer desires. Ideal for a primary residence, weekend retreat, or investment project, this property offers endless possibilities in a highly desirable location.

77 days
564
9

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 1
1/2 bathrooms: 1
Main level bathrooms: 2
Main level bedrooms: 2

Basement

Area: 0

Heating

Baseboard, Natural Gas

Cooling

None

Appliances

Included: Water Heater

Features

Basement: Unfinished,Full
Has fireplace: No

Interior area

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

Property

Parking

Parking features: On Street
Has uncovered spaces: Yes

Accessibility

Accessibility features: None

Features

Levels: Two
Stories: 2
Pool features: None

Lot

Size: 1,386 Square Feet
Dimensions: 18.00 x 77.00
Features: Suburban

Details

Additional structures: Above Grade, Below Grade
Parcel number: 170104500036
Zoning: R2
Special conditions: Standard
Other equipment: See Remarks

Construction

Type & style

Home type: Townhouse
Architectural style: Colonial
Property subtype: Townhouse

Materials

Brick
Foundation: Other

Condition

Fixer
New construction: No
Year built: 1880

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: None Available

HOA

Has HOA: No

Location

Region: Lambertville
Municipality: LAMBERTVILLE CITY

Financial & listing details

Tax assessed value: $330,200
Annual tax amount: $7,472
Date on market: 6/18/2026
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional,FHA 203(k)
Inclusions: See Sd
Exclusions: See Sd
Ownership: Fee Simple

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
6/18/2026	Listed for sale	$299,999+50%
Source: Bright MLS #NJHT2005090 Report a problem
5/2/2025	Sold	$200,000-19.7%
Source: GSMLS #3939227 Report a problem
1/16/2025	Pending sale	$249,000
Source: Bright MLS #NJHT2003524 Report a problem
12/29/2024	Listed for sale	$249,000
Source: GSMLS #3939227 Report a problem
12/5/2024	Listing removed	$249,000
Source: Bright MLS #NJHT2003048 Report a problem
12/4/2024	Price change	$249,000-16.7%
Source: GSMLS #3910631 Report a problem
10/20/2024	Pending sale	$299,000
Source: Bright MLS #NJHT2003048 Report a problem
10/19/2024	Contingent	$299,000
Source: Bright MLS #NJHT2003048 Report a problem
10/16/2024	Pending sale	$299,000
Source: Bright MLS #NJHT2003048 Report a problem
9/20/2024	Price change	$299,000-14.3%
Source: GSMLS #3910631 Report a problem
8/6/2024	Price change	$349,000-12.5%
Source: Bright MLS #NJHT2003048 Report a problem
7/12/2024	Price change	$399,000-4.8%
Source: GSMLS #3910631 Report a problem
6/28/2024	Listed for sale	$419,000+210.4%
Source: GSMLS #3910631 Report a problem
11/2/2005	Sold	$135,000
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$7,155 -17.1%	$330,200 -17.1%
2024	$8,635 -2.3%	$398,500 +5.6%
2023	$8,839 +6.1%	$377,400 +1.3%
2022	$8,333 +3.5%	$372,400 +1.4%
2021	$8,049 +7.9%	$367,400 +1.4%
2020	$7,460 +4.5%	$362,400 +2.8%
2019	$7,139 +5.2%	$352,400 +2.9%
2018	$6,784 +6.8%	$342,400 +3%
2017	$6,351 +1.2%	$332,400 +4.7%
2016	$6,279 +1.2%	$317,400 +2%
2015	$6,204 +3.9%	$311,300
2014	$5,971 +3.7%	$311,300
2013	$5,756 -0.3%	$311,300
2012	$5,772 +5%	$311,300
2011	$5,498 +3.3%	$311,300
2010	$5,320 +3.7%	$311,300 -1.6%
2009	$5,131 +7%	$316,300 +0.7%
2008	$4,797 +2.5%	$314,200 +3.3%
2007	$4,680	$304,200 +3.5%
2006	--	$293,800 +12%
2005	--	$262,400 +3.6%
2004	--	$253,400 +38.5%
2003	--	$182,900 +24.5%
2002	--	$146,900
2001	--	$146,900