509 Monastery Place, Union City, NJ 07087

Union City
Local realty services provided by:ERA Queen City Realty
509 Monastery Place,Union City, NJ 07087
$899,000
  • - Beds
  • 5 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: jill biggs
Office: coldwell banker, hoboken
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:21 day(s) ago
  • Updated:March 19, 2026 at 04:01 PM

Rooms and interior

  • Total bathrooms:5
  • Full bathrooms:5
  • Rooms Total:22

Finances and disclosures

  • Price:$899,000
  • Tax amount:$20,000
MLS Logo The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than ERA Queen City Realty are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website. All information deemed reliable but not guaranteed. Last date updated: March 19, 2026. Source: New Jersey Multiple Listing Service, Inc. 2026 New Jersey Multiple Listing Service, Inc. All rights reserved.

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