40 S Union St, Lambertville, NJ, 08530
About This Home
Seller will provide approved plans to convert to a 3 bedroom, 3 and half bathroom if buyer desires. 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. Ideal for a primary residence, weekend retreat, or investment project, this property offers endless possibilities in a highly desirable location.
Getting Around
Very Walkable
Very Limited Transit
Biker's ParadiseSchools
Construction
Condition
- Property condition: Under Construction
- New construction: Yes
- Year built: 1880
Materials
- Roof: Asphalt Shingle
- Construction materials: Brick
Type & Style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: See Remarks,Gas Water Heater,Water Heater (See Remarks)
Basement
- Has basement: Yes
- Basement: Yes,Unfinished
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Heating
- Heating features: Baseboard - Hotwater,Natural Gas
Kitchen
- Features: See Remarks
Property
Details
- Parcel number: 1917010450000000360000
- Exclusions: See SD
Lot
- Lot size: 1,306 sqft
- Lot size dimensions: 18 x 77
Parking
- Parking features: None,On Street,On-Street Parking
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Inland Flooding
- Strong Wind
- Ice Storm
- Lightning
- Winter Weather
- Cold Wave
- Heat Wave
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters Across New Jersey Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,516 | $18,192 |
| Home Insurance * | $100 | $1,200 |
| Property Taxes | $509 | $6,108 |
| Electricity | $193 | $2,318 |
| Total | $2,318 | $27,816 |
Income You'd Need if You Spent...
New Jersey FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-18 | Listed for sale | $299,999 |
New Construction
View on Zillow