509 Monastery Place, Union City, NJ 07087
Local realty services provided by:CENTURY 21 The Crossing
509 Monastery Place,Union City, NJ 07087
$899,000
- - Beds
- 5 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: jill biggs
Office: coldwell banker, hoboken201-212-5026
MLS#:26006425
Source:NJ_MLS
Price summary
- Price:$899,000
About this home
Prime Union City Investment Opportunity. Unlock the potential of this substantial 4-family property with a bonus studio. Perfectly situated right off Bergenline Avenue and just West of Reservoir Park in one of Hudson County’s most convenient locations. Access to NYC within minutes keeps tenant demand in the area high. One unit currently vacant and ready to be renovated on the main floor. Great for either an owner occupier or investor. The three additional units offer immediate cash flow, with all tenants on month-to-month leases. Income potential as is of approximately $80,000 per year and 6% cap rate with plenty of room for improvement. Additionally there is a back building and large basement complete with another full bath. Currently used as storage, these spaces have tons of potential for future customization. Bring your vision to life with this incredibly flexible investment property in an ideal location.
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Home facts
- Listing ID #:26006425
- Added:48 day(s) ago
- Updated:April 24, 2026 at 03:13 PM
Rooms and interior
- Total bathrooms:5
- Full bathrooms:5
- Rooms Total:22
Finances and disclosures
- Price:$899,000
- Tax amount:$20,000
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