87 Model Ave

Hopewell, NJ 08525

$489,000
Price
7
Beds
2,556 Sq. Ft.
$191 / Sq. Ft.
2,556
Sq. Ft.
$191
per Sq. Ft.
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Description

Calling all investors. This 3-unit home in downtown Hopewell Boro is waiting for its new owner. Home is being sold "as is". Two of the units are currently rented. Can condo the building. All units have lead certification, good for 3 years. Property address is 85-87 Model Avenue
There is one vacant unit, 3-bedroom end unit. The 2-bedroom end unit (on right) is rented for $1,350 and middle unit $1,800. Tenants pay own utilities. Landlord has been paying for heat. Note: showings only monday, tuesday...Calling all investors. This 3-unit home in downtown Hopewell Boro is waiting for its new owner. Home is being sold "as is". Two of the units are currently rented. Can condo the building. All units have lead certification, good for 3 years. Property address is 85-87 Model Avenue
There is one vacant unit, 3-bedroom end unit. The 2-bedroom end unit (on right) is rented for $1,350 and middle unit $1,800. Tenants pay own utilities. Landlord has been paying for heat. Note: showings only monday, tuesday and wednesday 12:00 - 3:00
(3/30, 3/31 & 4/1)
  1. Listed by Susan Thompson • Corcoran Sawyer Smith - Pennington
    P: (609)-638-7700 sthompson@corcoranss.com

Property Details for 87 Model Avenue

Tax ID Number
05-00013-00005
Ownership
Fee Simple
Condo Coop Association
No
HOA
No
Structure Type
Detached
Style
Traditional
Levels/Stories
2
Waterfront
No
LISTING UPDATED: 04/01/2026 09:38 AM

Property Details for 87 Model Avenue

StatusActive
MLS #NJME2074220
Days on Market6
Taxes$16,844 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Fee Simple
Year Built1900
Lot Size0.32 AC / 13,861 SF
CountyMercer County
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Location

Listing Courtesy of Corcoran Sawyer Smith - Pennington
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Building Information for 87 Model Avenue

Stories2Year Built1900Building Size-Lot Size0.32 AC / 13,861 SF

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$3,777 per month

30 year fixed, 6.11% Interest

Principal and Interest

$2,373

Property Taxes

$1,404

HOA Dues

$0

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Property Information for 87 Model Avenue

Location
Location
  • School District Name: HOPEWELL VALLEY REGIONAL SCHOOLS
  • School District County ID: 300200397266
  • SchoolDistrictSource: Listing Agent
  • Elementary School: HOPEWELL E.S. (MERCER NJ)
  • ElementarySchoolSource: Listing Agent
  • Middle Or Junior School: TIMBERLANE M.S. (MERCER NJ)
  • MiddleSchoolSource: Listing Agent
  • High School: CENTRAL H.S. (MERCER NJ)
  • HighSchoolSource: Listing Agent
  • County: MERCER
  • MLS Area: Hopewell Boro (21105)
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Access: No
  • Water Oriented: No
  • Navigable Water: No
  • Tidal Water: No
  • Riparian Rights Y/N: No
Association / Community Info
Association / Community Info
  • Senior Community: No
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 2025
  • Tax Assessed Value: $472,100
  • Year Assessed: 2025
  • County Tax: $0
  • Improvement Assessed Value: $263,100
  • City Town Tax: $0
  • Land Assessed Value: $209,000
  • Clean Green Assessed: No
  • Land Use Code: 0
  • Zoning: R75P
  • Tax Lot: 00005
  • School Tax: $0
  • Automatically Update Tax Values Y/N: Yes
Rooms
Main
  • # Bedrooms Count Main Level: 2
  • # Bathrooms Count Main Level: 1
  • # Bathrooms Full Main Level: 1
All Upper Levels
  • # Bedrooms Count All Upper Levels: 5
  • # Bathrooms Count All Upper Levels: 2
  • # Bathrooms Full All Upper Levels: 2
Upper Level 1
  • # Bedrooms Count Upper Level: 5
  • # Bathrooms Count Upper Level: 2
  • # Bathrooms Full Upper Level: 2
Rooms
  • Stories: Main, Upper 1
Building Info
Building Info
  • Total Finished SQFT: 2,556.00
  • Total Finished SQFT Source: Assessor
  • Tax Total Finished SQFT: 2,556.00
  • Total SQFT: 2,556.00
  • Total SQFT Source: Assessor
  • Construction Materials: Frame
  • Ext Main Mid-res: http://bright-media01.prd.brightmls.com/bright/images/0000/8046/6741/9210/804667419210_512_384_WM_qRBhBWi3IOtcuNHF.jpg
  • Basement Type: Full, Outside Entrance, Unfinished
  • Foundation Details: Stone
  • Room and Floor: Bedrooms-Main Level-1, Bedrooms-Main Level-2, Bathrooms Full-Main Level-1, Bedrooms-Upper Level 1-1, Bedrooms-Upper Level 1-2, Bedrooms-Upper Level 1-3, Bedrooms-Upper Level 1-4, Bedrooms-Upper Level 1-5, Bathrooms Full-Upper Level 1-1, Bathrooms Full-Upper Level 1-2
  • # Bathrooms Full: 3
Lot / Land Information
Lot / Land Information
  • Lot Size Source: Assessor
  • Lot Size Dimensions: 60.00 x 0.00
  • Lot Dimensions Source: Assessor
  • Parcel ID: 2118140
Parking
Parking
  • Type Of Parking: Driveway
  • Driveway - # of Spaces: 4
Interior Features
Interior Features
  • Fireplace: No
  • Accessibility Features: None
Exterior Features
Exterior Features
  • Pool: No Pool
  • Other Structures: Above Grade, Below Grade
Utilities
Utilities
  • Heating: Yes
  • Cooling Type: None
  • Cooling Fuel: None
  • Heating Type: Radiator
  • Heating Fuel: Natural Gas
  • Hot Water: Natural Gas
  • Water Source: Public
  • Sewer Septic: Public Sewer
Confidential Data
Listing Office
  • List Agent AOR: Mid Jersey Association of REALTORS

Property History for 87 Model Avenue

DateEvent & SourcePriceAppreciation
Mar 29, 2026

Listed (Active)

BRIGHT #NJME2074220

—
Mar 25, 2026

Temp Off Market

BRIGHT #NJME2074220

—
Mar 24, 2026

Listed (Active)

BRIGHT #NJME2074220

$489,000—
DateEvent & SourcePrice
03/29/2026

Listed (Active)

BRIGHT #NJME2074220

—
03/25/2026

Temp Off Market

BRIGHT #NJME2074220

—
03/24/2026

Listed (Active)

BRIGHT #NJME2074220

$489,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 87 Model Avenue

Taxable ValueLand$209,000Additions$263,100Total$472,100
Tax Record2024$16,236 ($1,353 / month)
Home Facts
Beds0Total Finished SqFt2,556 SqFtAbove Grade Finished SqFt2,556 SqFtStories2Lot Size13,860 SqFtStyleSingle Family ResidenceYear Built1900ZoningR75PCountyMERCERAPN05 00013-0000-00005

Schools near 87 Model Avenue

This home is within Hopewell Valley Regional School District.
Rating
School
Type
Grades
Distance
Hopewell Elementary School
Public - PK to 5
Timberlane Middle School
Public - 6 to 8
Central High School
Public - 9 to 12
Toll Gate/Grammar Elementary School
Public - PK to 5
Rating
School
Distance
Hopewell Elementary School
PublicPK to 5

Timberlane Middle School
Public6 to 8

Central High School
Public9 to 12

Toll Gate/Grammar Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 87 Model Avenue, Hopewell, NJ 08525

87 Model Avenue is a single family home for sale in Hopewell, NJ 08525. This property was listed for sale on March 24, 2026 by Corcoran Sawyer Smith - Pennington, it's currently listed at $489,000. This listing's school district is Hopewell Valley Regional School District. Nearby schools include Hopewell Elementary School, Timberlane Middle School and Central High School. 87 Model Avenue is a 7-bed, 3-bath, 2,556 sqft single family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Corcoran Sawyer Smith - Pennington

Based on information from one of the following Multiple Listing Services: BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by BRIGHT, Greater LeHigh Valley Regional MLS, Greator Scranton Board of REALTORS® and Pocono Mountains Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.