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Residential Income For Sale

509 Monastery Place, Union City, NJ 07087

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Property Description

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.

Basic Details
Property Type:
Residential Income
Listing Type:
For Sale
Listing ID:
26006425
Price:
$899,000
Status:
Active
Office Name:
Coldwell Banker, Hoboken
Agent Name:
Jill
Features
Architectural Style:
4 Family
Utilities:
O/See Rmks
Address Map
Country:
US
State:
NJ
County:
HUDSON
City:
Union City
Zipcode:
07087
Street:
Monastery
Street Number:
509
Street Suffix:
Place
Longitude:
W75° 57' 55.6''
Latitude:
N40° 45' 53.2''
Additional Information
On Market Date:
2026-03-06
Financial
Tax Annual Amount:
20000
Listing Information
Co List Agent Mls Id:
444603
List Agent Mls Id:
1001117
List Office Mls Id:
63674
Mls Status:
Active
Modification Timestamp:
2026-05-12T18:47:03Z
Originating System Name:
njmls
Status Change Timestamp:
2026-03-06
Residential Income For Sale
Listing ID:
26006425
$899,000
Agent info
Contact Agent

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